Elo Mutual Pension Insurance Co Makes New Investment in Millrose Properties, Inc. $MRP

Elo Mutual Pension Insurance Co purchased a new stake in Millrose Properties, Inc. (NYSE:MRP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,862 shares of the company’s stock, valued at approximately $634,000.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in Millrose Properties by 9.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,506 shares of the company’s stock valued at $119,000 after buying an additional 317 shares in the last quarter. Horiko Capital Management LLC boosted its holdings in Millrose Properties by 2.1% in the second quarter. Horiko Capital Management LLC now owns 15,732 shares of the company’s stock worth $451,000 after acquiring an additional 323 shares in the last quarter. Amalgamated Bank boosted its holdings in Millrose Properties by 0.9% in the third quarter. Amalgamated Bank now owns 36,731 shares of the company’s stock worth $1,235,000 after acquiring an additional 334 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Millrose Properties by 0.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 125,165 shares of the company’s stock valued at $4,007,000 after acquiring an additional 338 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 357 shares during the period.

Analysts Set New Price Targets

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

Millrose Properties Stock Performance

Shares of MRP opened at $29.81 on Friday. The stock has a 50 day moving average of $30.57 and a 200 day moving average of $31.75. The company has a market capitalization of $4.95 billion and a price-to-earnings ratio of 12.22. Millrose Properties, Inc. has a 12 month low of $21.02 and a 12 month high of $36.00. The company has a current ratio of 0.35, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36.

Millrose Properties (NYSE:MRP) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Millrose Properties had a return on equity of 6.90% and a net margin of 67.42%.The business had revenue of $189.50 million for the quarter.

Millrose Properties Increases Dividend

The business also recently disclosed 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 yield of 10.1%. This is a boost from Millrose Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, January 5th. Millrose Properties’s dividend payout ratio is 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.