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

Key Points

• Analysts consensus: five firms average a "Buy" rating (one hold, three buy, one strong buy) with a 12‑month target of about $36.13.
• Millrose raised its quarterly dividend to $0.76 (annualized $3.04), implying a 9.9% yield, though the payout ratio is high at 124.59%, signaling potential sustainability risk.
• The company reported Q results with EPS of $0.74 (in line with estimates) on $189.5M revenue and has attracted large institutional buying (e.g., Norges Bank's ~$101.8M new position and Vanguard's sizable stake increase).

Shares of Millrose Properties, Inc. (NYSE:MRP - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $36.1250.

Several research analysts have recently weighed in on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Millrose Properties in a research note on Thursday, January 22nd. Wall Street Zen upgraded Millrose Properties from a "hold" rating to a "buy" rating in a report on Saturday, April 4th.

Millrose Properties Stock Performance

Shares of MRP stock opened at $30.72 on Wednesday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 12.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.35 and a current ratio of 0.35. Millrose Properties has a one year low of $24.60 and a one year high of $36.00. The company's 50-day moving average is $29.78 and its 200 day moving average is $30.52.

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

Millrose Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a boost from Millrose Properties's previous quarterly dividend of $0.75. Millrose Properties's payout ratio is 124.59%.

Insider Activity at Millrose Properties

In related news, Director Matthew B. Gorson purchased 1,000 shares of Millrose Properties stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $30.66 per share, for a total transaction of $30,660.00. Following the completion of the purchase, the director directly owned 25,611 shares of the company's stock, valued at $785,233.26. The trade was a 4.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Millrose Properties

A number of large investors have recently made changes to their positions in MRP. Norges Bank purchased a new position in shares of Millrose Properties in the fourth quarter worth approximately $101,800,000. Vanguard Group Inc. grew its position in shares of Millrose Properties by 16.3% during the 4th quarter. Vanguard Group Inc. now owns 21,117,152 shares of the company's stock valued at $630,769,000 after acquiring an additional 2,960,066 shares during the period. Permian Investment Partners LP grew its position in shares of Millrose Properties by 116.4% during the 4th quarter. Permian Investment Partners LP now owns 3,794,312 shares of the company's stock valued at $113,336,000 after acquiring an additional 2,040,900 shares during the period. Blue Whale Capital LLP increased its stake in shares of Millrose Properties by 89.1% in the 3rd quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company's stock worth $76,199,000 after purchasing an additional 1,068,075 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Millrose Properties by 23.0% in the 4th quarter. State Street Corp now owns 5,080,719 shares of the company's stock worth $151,761,000 after purchasing an additional 950,421 shares in 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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