American Century Companies Inc. Boosts Position in Millrose Properties, Inc. $MRP

Key Points

• American Century Companies Inc. boosted its stake in Millrose Properties by 45.9% in Q3 to 520,200 shares (about 0.31% of the company) valued at approximately $17.48 million.
• Millrose increased its quarterly dividend to $0.75 (annualized $3.00), producing a 10.1% yield, but the dividend payout ratio is high at 122.95%, suggesting potential sustainability concerns.
• Analysts hold a consensus Buy rating with a $36.13 target, while MRP trades near $29.56 with a P/E of 12.12 and a market cap of $4.91 billion.

American Century Companies Inc. grew its holdings in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) by 45.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,200 shares of the company's stock after buying an additional 163,648 shares during the quarter. American Century Companies Inc. owned 0.31% of Millrose Properties worth $17,484,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in Millrose Properties during the 3rd quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company's stock valued at $34,000 after buying an additional 357 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Millrose Properties by 95.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company's stock valued at $38,000 after buying an additional 547 shares during the period. NewEdge Advisors LLC acquired a new position in Millrose Properties during the 1st quarter worth approximately $39,000. Finally, Advisors Asset Management Inc. acquired a new position in Millrose Properties during the 1st quarter worth approximately $45,000.

Analyst Upgrades and Downgrades

MRP has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Millrose Properties in a research note on Thursday, January 22nd. BTIG Research assumed coverage on shares of Millrose Properties in a research note on Monday, December 1st. They issued a "buy" rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Millrose Properties presently has a consensus rating of "Buy" and a consensus target price of $36.13.

Millrose Properties Stock Performance

MRP stock opened at $29.56 on Wednesday. The stock's 50 day simple moving average is $30.56 and its 200 day simple moving average is $31.69. Millrose Properties, Inc. has a 12-month low of $21.02 and a 12-month high of $36.00. The firm has a market cap of $4.91 billion and a P/E ratio of 12.12. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Millrose Properties had a net margin of 67.42% and a return on equity of 6.90%. The firm had revenue of $189.50 million during the quarter.

Millrose Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 10.1%. This is a positive change from Millrose Properties's previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties's dividend payout ratio (DPR) is currently 122.95%.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson bought 1,000 shares of the business's stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $30.66 per share, with a total value of $30,660.00. Following the completion of the acquisition, the director directly owned 25,611 shares of the company's stock, valued at approximately $785,233.26. The trade was a 4.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Millrose Properties Company Profile

Millrose Properties Corp is a publicly traded real estate investment trust that focuses on the acquisition, ownership and development of industrial and logistics properties. The company seeks to capitalize on the growing demand for modern warehouse facilities driven by e-commerce, freight distribution and last-mile delivery requirements. Millrose structures its investments to generate stable, long-term rental income through diversified lease agreements with industrial and logistics operators.

The firm's core activities include sourcing strategically located industrial assets, overseeing property management operations and executing targeted development or renovation projects.

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