19,603 Shares in Millrose Properties, Inc. $MRP Bought by Dakota Wealth Management

Dakota Wealth Management acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,603 shares of the company’s stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MRP. Salomon & Ludwin LLC bought a new stake in shares of Millrose Properties in the 3rd quarter worth about $29,000. Smartleaf Asset Management LLC raised its position in Millrose Properties by 55.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $34,000 after purchasing an additional 357 shares during the period. Farther Finance Advisors LLC lifted its stake in Millrose Properties by 95.0% in the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $38,000 after purchasing an additional 547 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Millrose Properties in the first quarter worth about $39,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Millrose Properties during the first quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MRP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Millrose Properties in a report on Thursday, January 22nd. BTIG Research assumed coverage on Millrose Properties in a research note on Monday, December 1st. They issued a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Millrose Properties currently has an average rating of “Buy” and an average target price of $36.13.

Millrose Properties Price Performance

Shares of MRP stock opened at $31.11 on Friday. The stock’s 50-day moving average is $30.46 and its 200 day moving average is $31.80. Millrose Properties, Inc. has a 1-year low of $21.02 and a 1-year high of $36.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $5.16 billion and a P/E ratio of 18.30.

Millrose Properties (NYSE:MRP) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $189.50 million for the quarter.

Millrose Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.6%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, January 5th. Millrose Properties’s dividend payout ratio is presently 176.47%.

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.