Millrose Properties, Inc. (NYSE:MRP) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts give Millrose Properties a consensus Buy (one strong buy, three buy, one hold) with an average 12‑month price target of $36.13 versus the stock around $27.64.
• Millrose raised its quarterly dividend to $0.76 (annualized $3.04), implying a 11.0% yield, but the dividend payout ratio is 124.59%, suggesting the payout may be unsustainably high.
• In the latest quarter EPS of $0.74 met estimates on $189.5M revenue with a 67.42% net margin; the company has a $4.59B market cap and a P/E of 11.33.

Shares of Millrose Properties, Inc. (NYSE:MRP - Get Free Report) have been assigned a consensus rating of "Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $36.1250.

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Millrose Properties in a research report on Thursday, January 22nd. Wall Street Zen raised Millrose Properties from a "hold" rating to a "buy" rating in a research report on Saturday.

Millrose Properties Stock Performance

Millrose Properties stock opened at $27.64 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.59 billion, a P/E ratio of 11.33 and a beta of 0.34. The stock's 50 day moving average is $29.97 and its 200 day moving average is $30.95. Millrose Properties has a twelve month low of $21.64 and a twelve month high of $36.00.

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

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd will be paid a $0.76 dividend. This is an increase from Millrose Properties's previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Thursday, April 2nd. Millrose Properties's dividend payout ratio (DPR) is presently 124.59%.

Insider Activity

In other Millrose Properties news, Director Matthew B. Gorson acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average cost of $30.66 per share, with a total value of $30,660.00. Following the completion of the transaction, the director directly owned 25,611 shares of the company's stock, valued at approximately $785,233.26. This represents a 4.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Millrose Properties

Large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new position in shares of Millrose Properties during the fourth quarter valued at approximately $5,713,000. Corient Private Wealth LLC boosted its holdings in Millrose Properties by 38.4% in the fourth quarter. Corient Private Wealth LLC now owns 30,176 shares of the company's stock worth $901,000 after purchasing an additional 8,368 shares during the last quarter. Alpine Global Management LLC bought a new stake in Millrose Properties in the 4th quarter worth approximately $1,862,000. Invesco Ltd. grew its position in Millrose Properties by 52.0% in the 4th quarter. Invesco Ltd. now owns 792,366 shares of the company's stock worth $23,668,000 after purchasing an additional 270,913 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in Millrose Properties by 6.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,176 shares of the company's stock valued at $844,000 after buying an additional 1,720 shares during the last quarter.

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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