SG Americas Securities LLC Invests $885,000 in Millrose Properties, Inc. $MRP

SG Americas Securities LLC bought a new position in shares of Millrose Properties, Inc. (NYSE:MRP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,328 shares of the company’s stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in Millrose Properties by 144.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 973 shares of the company’s stock valued at $28,000 after purchasing an additional 575 shares during the period. Salomon & Ludwin LLC bought a new stake in Millrose Properties in the third quarter valued at about $29,000. Farther Finance Advisors LLC lifted its position in shares of Millrose Properties by 95.0% in 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 during the last quarter. CX Institutional bought a new stake in shares of Millrose Properties in the 2nd quarter worth approximately $39,000. Finally, NewEdge Advisors LLC bought a new position in shares of Millrose Properties during the first quarter worth about $39,000.

Insider Buying and Selling

In related news, Director Patrick J. Bartels, Jr. acquired 7,500 shares of Millrose Properties stock in a transaction on Tuesday, October 28th. The stock was purchased at an average cost of $32.52 per share, with a total value of $243,900.00. Following the completion of the transaction, the director directly owned 30,660 shares in the company, valued at $997,063.20. This trade represents a 32.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew B. Gorson purchased 2,500 shares of the stock in a transaction on Wednesday, October 29th. The stock was bought at an average cost of $32.69 per share, for a total transaction of $81,725.00. Following the completion of the acquisition, the director owned 18,160 shares in the company, valued at approximately $593,650.40. This trade represents a 15.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 11,476 shares of company stock worth $373,264.

Millrose Properties Stock Up 1.4%

Shares of NYSE:MRP opened at $30.96 on Tuesday. The firm has a market cap of $5.14 billion and a P/E ratio of 18.21. Millrose Properties, Inc. has a 12 month low of $19.00 and a 12 month high of $36.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $30.50 and its two-hundred day moving average price is $31.72.

Millrose Properties (NYSE:MRP) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $179.26 million during the quarter.

Millrose Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 9.7%. This is an increase from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, January 5th. Millrose Properties’s payout ratio is currently 176.47%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MRP. BTIG Research started coverage on shares of Millrose Properties in a research note on Monday, December 1st. They set a “buy” rating and a $35.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citizens Jmp initiated coverage on shares of Millrose Properties in a research note on Wednesday, October 8th. They set a “mkt outperform” rating and a $40.00 target price on the stock. Citigroup boosted their price objective on shares of Millrose Properties from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, JMP Securities began coverage on shares of Millrose Properties in a report on Wednesday, October 8th. They set a “market outperform” rating and a $40.00 price target on the stock. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $36.90.

Millrose Properties 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.