Mangrove Partners IM LLC Grows Stock Holdings in Millrose Properties, Inc. $MRP

Key Points

• Mangrove Partners IM LLC increased its stake in Millrose Properties by 21.0% in Q3, buying 250,249 shares to hold 1,441,908 shares valued at about $48.46M, equal to roughly 0.87% of the company and making MRP its sixth-largest holding.
• Director Matthew B. Gorson bought 1,000 shares on March 5 at an average price of $30.66 (≈$30,660), raising his ownership to 25,611 shares — a 4.06% increase.
• Millrose raised its quarterly dividend to $0.75 (annualized $3.00) for a 10.6% yield despite a payout ratio of 122.95%, and reported EPS of $0.74 for the quarter with a market cap of about $4.69B.

Mangrove Partners IM LLC lifted its position in Millrose Properties, Inc. (NYSE:MRP - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,441,908 shares of the company's stock after acquiring an additional 250,249 shares during the quarter. Millrose Properties makes up about 4.0% of Mangrove Partners IM LLC's holdings, making the stock its 6th biggest holding. Mangrove Partners IM LLC owned 0.87% of Millrose Properties worth $48,463,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Millrose Properties by 9.9% in the third quarter. Bessemer Group Inc. now owns 3,506 shares of the company's stock valued at $119,000 after purchasing an additional 317 shares during the last quarter. Horiko Capital Management LLC raised its holdings in Millrose Properties by 2.1% during the 2nd quarter. Horiko Capital Management LLC now owns 15,732 shares of the company's stock worth $451,000 after buying an additional 323 shares during the period. Amalgamated Bank lifted its position in Millrose Properties by 0.9% in the 3rd quarter. Amalgamated Bank now owns 36,731 shares of the company's stock valued at $1,235,000 after acquiring an additional 334 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Millrose Properties by 0.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 125,165 shares of the company's stock valued at $4,007,000 after purchasing an additional 338 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company's stock worth $34,000 after acquiring an additional 357 shares during the last quarter.

Insider Activity

In other Millrose Properties news, Director Matthew B. Gorson acquired 1,000 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $30.66 per share, for a total transaction of $30,660.00. Following the transaction, the director owned 25,611 shares in the company, valued at $785,233.26. This represents a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

MRP has been the topic of several recent analyst reports. BTIG Research started coverage on Millrose Properties in a research report on Monday, December 1st. They set a "buy" rating and a $35.00 price target on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Millrose Properties in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $36.13.

Millrose Properties Trading Down 1.0%

Shares of Millrose Properties stock opened at $28.28 on Friday. Millrose Properties, Inc. has a 12-month low of $21.28 and a 12-month high of $36.00. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $30.50 and a 200 day simple moving average of $31.60. The company has a market capitalization of $4.69 billion and a P/E ratio of 11.59.

Millrose Properties (NYSE:MRP - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.The company had revenue of $189.50 million during the quarter.

Millrose Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a $0.75 dividend. The ex-dividend date was Monday, January 5th. This is an increase from Millrose Properties's previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 10.6%. Millrose Properties's dividend payout ratio is presently 122.95%.

About Millrose Properties

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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