Quantinno Capital Management LP Grows Position in Millrose Properties, Inc. $MRP

Quantinno Capital Management LP boosted its holdings in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) by 149.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,176 shares of the company's stock after acquiring an additional 108,508 shares during the period. Quantinno Capital Management LP owned about 0.12% of Millrose Properties worth $5,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new position in shares of Millrose Properties during the fourth quarter valued at approximately $29,000. Root Financial Partners LLC increased its holdings in Millrose Properties by 3,090.6% during the fourth quarter. Root Financial Partners LLC now owns 1,021 shares of the company's stock valued at $30,000 after buying an additional 989 shares during the period. NewEdge Advisors LLC bought a new position in Millrose Properties in the first quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd raised its stake in Millrose Properties by 984.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,323 shares of the company's stock worth $44,000 after buying an additional 1,201 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Millrose Properties during the first quarter worth $45,000.

Insiders Place Their Bets

In other Millrose Properties news, insider Darren Richman acquired 40,000 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $27.31 per share, with a total value of $1,092,400.00. Following the transaction, the insider directly owned 84,000 shares of the company's stock, valued at $2,294,040. This trade represents a 90.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew B. Gorson bought 4,500 shares of the company's stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $26.96 per share, for a total transaction of $121,320.00. Following the completion of the purchase, the director owned 35,750 shares in the company, valued at $963,820. The trade was a 14.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 240,532 shares of company stock valued at $6,567,048 in the last three months. Insiders own 0.23% of the company's stock.

Millrose Properties Stock Down 1.8%

Shares of Millrose Properties stock opened at $28.82 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.05 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.45 billion, a P/E ratio of 10.04 and a beta of 0.39. The firm's 50 day moving average price is $28.81 and its 200-day moving average price is $29.31. Millrose Properties, Inc. has a 52-week low of $26.30 and a 52-week high of $36.00.

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

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. The ex-dividend date was Monday, July 6th. This represents a $3.08 annualized dividend and a dividend yield of 10.7%. This is a boost from Millrose Properties's previous quarterly dividend of $0.76. Millrose Properties's dividend payout ratio (DPR) is currently 107.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MRP shares. Wall Street Zen downgraded Millrose Properties from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings upgraded Millrose Properties from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $37.67.

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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