Millrose Properties' (MRP) "Market Perform" Rating Reiterated at Citizens Jmp

Key Points

• Citizens JMP reiterated its “Market Perform” rating on Millrose Properties, while Citigroup and Weiss Ratings recently downgraded the stock. Analysts’ consensus remains “Moderate Buy,” with a $37.67 price target.
• MRP shares opened at $24.60, near their 52-week low of $23.44 and below both the 50-day and 200-day moving averages. The company’s latest quarterly earnings of $0.76 per share narrowly beat estimates, while revenue totaled $196.85 million.
• Company directors recently bought shares, including purchases of 3,000 and 1,000 shares, signaling insider support; however, insiders collectively own only 0.23% of the stock.

Millrose Properties (NYSE:MRP - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at Citizens Jmp in a note issued to investors on Monday, Marketbeat reports.

MRP has been the subject of several other reports. Citigroup cut Millrose Properties from a "buy" rating to a "market perform" rating in a research note on Monday. Weiss Ratings lowered Millrose Properties from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.67.

Millrose Properties Price Performance

Shares of MRP stock opened at $24.60 on Monday. Millrose Properties has a 1-year low of $23.44 and a 1-year high of $33.49. The stock's 50-day moving average is $29.22 and its 200 day moving average is $28.96. The company has a market cap of $3.79 billion, a P/E ratio of 8.57 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.05 and a quick ratio of 0.05.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.01. Millrose Properties had a return on equity of 8.13% and a net margin of 62.60%.The company had revenue of $196.85 million for the quarter.

Insider Activity

In other Millrose Properties news, Director Matthew Gorson acquired 3,000 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $28.80 per share, with a total value of $86,400.00. Following the transaction, the director owned 38,750 shares in the company, valued at $1,116,000. The trade was a 8.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlos Migoya acquired 1,000 shares of the stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $29.18 per share, with a total value of $29,180.00. Following the completion of the transaction, the director owned 30,075 shares in the company, valued at approximately $877,588.50. This represents a 3.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Millrose Properties

Large investors have recently modified their holdings of the business. CX Institutional purchased a new position in shares of Millrose Properties during the 3rd quarter worth approximately $26,000. IFP Advisors Inc grew its holdings in shares of Millrose Properties by 149.0% in the 2nd quarter. IFP Advisors Inc now owns 1,387 shares of the company's stock worth $42,000 after acquiring an additional 830 shares during the period. Versant Capital Management Inc acquired a new stake in Millrose Properties during the 3rd quarter valued at $44,000. Nykredit A S acquired a new stake in Millrose Properties during the 2nd quarter valued at $52,000. Finally, Whittier Trust Co. grew its holdings in Millrose Properties by 246.2% during the 1st quarter. Whittier Trust Co. now owns 2,510 shares of the company's stock valued at $70,000 after buying an additional 1,785 shares during the last quarter.

About Millrose Properties

Millrose Properties, Inc is a residential land development company that provides land-banking solutions for homebuilders. The company acquires and develops residential land, funds the installation of infrastructure, and delivers finished lots that can be used for the construction of single-family homes.

Millrose works with homebuilding partners under arrangements designed to separate the ownership and development of land from the homebuilding process. Its activities may include acquiring raw or partially developed land, obtaining entitlements, coordinating site development, and selling completed lots to homebuilders.

The company was established as a publicly traded business in 2025 and focuses on residential growth markets in the United States.