74,542 Shares of Millrose Properties, Inc. $MRP Purchased by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group purchased 74,542 shares of Millrose Properties in the third quarter, valued at approximately $1.94 million. Other institutional investors, including Bank of New York Mellon and Callodine Capital Management, have also built positions.
• Millrose faces shareholder litigation allegations that it misled investors about its land-banking strategy and shifted toward buying finished Lennar homes for rentals. The allegations remain unproven, with a December 8, 2026 deadline for investors to seek lead-plaintiff status.
• MRP opened at $23.12, well below its 52-week high of $33.49, while the company increased its quarterly dividend to $0.79 per share, implying a 13.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $36.50.

CWA Asset Management Group LLC bought a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,542 shares of the company's stock, valued at approximately $1,936,000.

A number of other large investors have also added to or reduced their stakes in the company. Cannell & Spears LLC boosted its holdings in shares of Millrose Properties by 1.4% in the 1st quarter. Cannell & Spears LLC now owns 3,677,754 shares of the company's stock valued at $102,723,000 after buying an additional 49,702 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Millrose Properties during the 2nd quarter worth approximately $54,348,000. Callodine Capital Management LP raised its stake in shares of Millrose Properties by 110.8% during the 1st quarter. Callodine Capital Management LP now owns 762,392 shares of the company's stock worth $21,347,000 after acquiring an additional 400,745 shares in the last quarter. Hawk Ridge Capital Management LP lifted its position in Millrose Properties by 1.7% during the first quarter. Hawk Ridge Capital Management LP now owns 669,109 shares of the company's stock valued at $18,735,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Millrose Properties during the second quarter valued at approximately $18,801,000.

Millrose Properties News Roundup

Here are the key news stories impacting Millrose Properties this week:

• Negative Sentiment: The complaints allege that Millrose misled investors between February 7, 2025, and October 2, 2026, about its business strategy and financial prospects. Attorneys claim the company publicly emphasized a land-banking, no-tenant model while shifting toward purchasing finished Lennar homes for rental operations. MRP Shareholder Alert: Millrose Properties, Inc. Securities Class Action Lawsuit
• Negative Sentiment: One central allegation is that Millrose bought Lennar homes at premium prices and that rental returns may be below the company’s borrowing costs. If proven, this could pressure profitability, cash flow and the valuation of the homesite platform spun off from Lennar. The allegations have not been proven in court. SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline
• Negative Sentiment: Multiple firms—including Robbins LLP, Kaplan Fox, Glancy Prongay Wolke & Rotter, Rosen Law Firm and others—are soliciting investors to participate in the case. Although these releases largely repeat the same allegations rather than introduce new operating data, their volume increases visibility around Millrose’s disclosure and strategy risks. Robbins LLP Urges Millrose Investors to Contact the Firm
• Neutral Sentiment: Investors who purchased MRP securities during the stated class period may seek appointment as lead plaintiff by December 8, 2026. This is a procedural deadline and does not establish liability or guarantee recovery.

Millrose Properties Stock Down 1.4%

MRP stock opened at $23.12 on Thursday. The firm has a 50 day moving average of $27.57 and a 200 day moving average of $28.40. The stock has a market capitalization of $3.57 billion, a PE ratio of 8.06 and a beta of 0.53. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.42. Millrose Properties, Inc. has a 52 week low of $21.07 and a 52 week high of $33.49.

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

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, October 5th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 13.7%. This is a boost from Millrose Properties's previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, October 5th. Millrose Properties's dividend payout ratio is presently 110.10%.

Wall Street Analyst Weigh In

MRP has been the topic of several analyst reports. Citizens Jmp reaffirmed a "market perform" rating on shares of Millrose Properties in a report on Monday, October 5th. Weiss Ratings cut Millrose Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, October 14th. Finally, Citigroup cut Millrose Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $36.50.

Insiders Place Their Bets

In other news, Director Carlos Migoya bought 1,000 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $29.18 per share, with a total value of $29,180.00. Following the transaction, the director directly owned 30,075 shares in the company, valued at approximately $877,588.50. The trade was a 3.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Gorson bought 3,000 shares of Millrose Properties stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $28.80 per share, with a total value of $86,400.00. Following the purchase, the director directly owned 38,750 shares in the company, valued at $1,116,000. The trade was a 8.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.23% of the stock is owned by insiders.

About Millrose Properties

Millrose Properties, Inc is a residential land acquisition and development company focused on providing finished residential lots to homebuilders. Its business involves acquiring land, securing necessary entitlements, and completing infrastructure and other improvements needed to prepare properties for home construction.

The company generally operates through land-banking arrangements and related development agreements with homebuilders. Millrose may own or control land during the development process and subsequently sell finished lots to builders, helping homebuilders access development-ready sites while reducing the time and capital required for land preparation.

Millrose was established in connection with Lennar Corporation's separation of its residential land and lot development operations and began trading as an independent public company in 2025.

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