Public Employees Retirement System of Ohio purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 218,761 shares of the company's stock, valued at approximately $6,574,000. Public Employees Retirement System of Ohio owned 0.14% of Millrose Properties as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of Millrose Properties by 3.4% during the 4th quarter. HighTower Advisors LLC now owns 11,206 shares of the company's stock worth $335,000 after buying an additional 371 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Millrose Properties by 33.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,503 shares of the company's stock valued at $45,000 after purchasing an additional 380 shares during the last quarter. HB Wealth Management LLC lifted its stake in Millrose Properties by 3.9% during the first quarter. HB Wealth Management LLC now owns 10,834 shares of the company's stock valued at $303,000 after buying an additional 403 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Millrose Properties by 0.4% in the 4th quarter. Ieq Capital LLC now owns 112,863 shares of the company's stock valued at $3,371,000 after acquiring an additional 471 shares in the last quarter. Finally, Unison Advisors LLC boosted its position in shares of Millrose Properties by 2.3% in the first quarter. Unison Advisors LLC now owns 22,123 shares of the company's stock worth $619,000 after buying an additional 503 shares during the period.
Millrose Properties Price Performance
NYSE:MRP opened at $30.53 on Wednesday. The company has a fifty day moving average price of $29.40 and a 200 day moving average price of $29.27. The stock has a market cap of $4.71 billion, a P/E ratio of 10.64 and a beta of 0.41. 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, Inc. has a one year low of $26.30 and a one year high of $35.45.
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 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 business had revenue of $196.85 million for the quarter.
Millrose Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend was Monday, July 6th. This is a positive change from Millrose Properties's previous quarterly dividend of $0.76. Millrose Properties's payout ratio is 107.32%.
Analyst Upgrades and Downgrades
Several analysts recently commented on MRP shares. Weiss Ratings upgraded shares of Millrose Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of Millrose Properties from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $37.67.
Check Out Our Latest Analysis on Millrose Properties
Insider Transactions at Millrose Properties
In other news, Director Matthew B. Gorson bought 3,000 shares of Millrose Properties stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the purchase, the director owned 38,750 shares of the company's stock, valued at approximately $1,116,000. This trade represents a 8.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carlos A. Migoya purchased 1,000 shares of Millrose Properties stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $29.18 per share, for a total transaction of $29,180.00. Following the completion of the transaction, the director owned 30,075 shares of the company's stock, valued at approximately $877,588.50. This represents a 3.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.23% of the stock is owned by company insiders.
Millrose Properties Company Profile
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Free Report)
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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