Millrose Properties (NYSE:MRP) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Millrose Properties (NYSE:MRP) from a "hold" to a "buy"; the stock's analyst consensus is currently a Buy with an average price target of $36.13.
• Shares recently traded near $27.64 with a market cap of $4.59 billion and a P/E of 11.33, and the company reported quarterly EPS of $0.74 on $189.5 million in revenue, meeting estimates.
• Director Matthew B. Gorson purchased 1,000 shares at an average price of $30.66 on March 5, increasing his stake by about 4.06%.

Millrose Properties (NYSE:MRP - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Millrose Properties in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Millrose Properties currently has an average rating of "Buy" and an average price target of $36.13.

Millrose Properties Stock Performance

Shares of MRP opened at $27.64 on Friday. The company has a market cap of $4.59 billion, a PE ratio of 11.33 and a beta of 0.34. The firm has a 50-day moving average of $29.97 and a 200-day moving average of $30.95. Millrose Properties has a one year low of $21.64 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.35 and a quick ratio of 0.35.

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, meeting the consensus estimate 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%.

Insider Transactions at Millrose Properties

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

Hedge Funds Weigh In On Millrose Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC bought a new stake in Millrose Properties in the 3rd quarter valued at about $29,000. Sound Income Strategies LLC acquired a new stake in shares of Millrose Properties in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Millrose Properties by 55.8% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company's stock valued at $34,000 after buying an additional 357 shares during the period. Root Financial Partners LLC boosted its stake in shares of Millrose Properties by 3,090.6% in 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. Finally, Farther Finance Advisors LLC grew its position in Millrose Properties by 95.0% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company's stock worth $38,000 after buying an additional 547 shares in the last quarter.

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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