Wall Street Zen Downgrades Millrose Properties (NYSE:MRP) to Hold

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

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Millrose Properties in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Millrose Properties presently has an average rating of "Buy" and a consensus price target of $36.13.

Millrose Properties Stock Performance

MRP stock opened at $26.98 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The business's fifty day simple moving average is $29.61 and its two-hundred day simple moving average is $30.43. Millrose Properties has a twelve month low of $25.22 and a twelve month high of $36.00. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 9.67 and a beta of 0.59.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.03). The company had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The company's revenue was up 135.7% compared to the same quarter last year.

Insider Activity

In other news, Director Matthew B. Gorson purchased 1,000 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $30.66 per share, with a total value of $30,660.00. Following the transaction, the director owned 25,611 shares of the company's stock, valued at $785,233.26. This represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Millrose Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in MRP. Sound Income Strategies LLC bought a new position in shares of Millrose Properties during the 4th quarter worth $29,000. Root Financial Partners LLC grew its position in shares of Millrose Properties by 3,090.6% during the 4th quarter. Root Financial Partners LLC now owns 1,021 shares of the company's stock worth $30,000 after buying an additional 989 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Millrose Properties by 55.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company's stock worth $34,000 after buying an additional 357 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Millrose Properties by 95.0% during the 3rd 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. Finally, NewEdge Advisors LLC bought a new position in shares of Millrose Properties during the 1st quarter worth $39,000.

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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