Millrose Properties, Inc. $MRP Shares Sold by Choreo LLC

Choreo LLC decreased its stake in shares of Millrose Properties, Inc. (NYSE:MRP) by 56.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,956 shares of the company’s stock after selling 19,733 shares during the quarter. Choreo LLC’s holdings in Millrose Properties were worth $503,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Millrose Properties by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,869 shares of the company’s stock worth $3,020,000 after acquiring an additional 3,029 shares during the last quarter. US Bancorp DE grew its holdings in shares of Millrose Properties by 179.3% in the third quarter. US Bancorp DE now owns 9,775 shares of the company’s stock valued at $329,000 after purchasing an additional 6,275 shares during the period. TD Asset Management Inc increased its position in Millrose Properties by 132.7% during the third quarter. TD Asset Management Inc now owns 31,331 shares of the company’s stock worth $1,053,000 after purchasing an additional 17,869 shares during the last quarter. Dakota Wealth Management acquired a new stake in Millrose Properties during the third quarter worth about $659,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Millrose Properties during the third quarter worth about $1,037,000.

Analyst Upgrades and Downgrades

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

Millrose Properties Stock Performance

Shares of MRP stock opened at $30.65 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.35. The firm has a market cap of $5.09 billion and a P/E ratio of 12.56. The firm’s 50 day moving average price is $30.58 and its 200-day moving average price is $31.77. Millrose Properties, Inc. has a one year low of $21.02 and a one year high of $36.00.

Millrose Properties (NYSE:MRP) last posted 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. The firm had revenue of $189.50 million for the quarter. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.

Millrose Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 9.8%. This is a positive change from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties’s payout ratio is presently 122.95%.

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.