Millrose Properties, Inc. $MRP Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Millrose Properties, Inc. (NYSE:MRP) by 151.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,311 shares of the company’s stock after buying an additional 24,267 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Millrose Properties were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in Millrose Properties in the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 357 shares during the period. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 547 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Millrose Properties during the 1st quarter worth about $39,000. Finally, Advisors Asset Management Inc. purchased a new stake in Millrose Properties in the 1st quarter valued at about $45,000.

Analysts Set New Price Targets

Several brokerages have weighed in on MRP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Millrose Properties in a research note on Thursday, January 22nd. BTIG Research began coverage on shares of Millrose Properties in a report on Monday, December 1st. They issued a “buy” rating and a $35.00 price objective on the stock. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $36.13.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson purchased 1,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $30.66 per share, for a total transaction of $30,660.00. Following the completion of the purchase, the director directly owned 25,611 shares in the company, valued at approximately $785,233.26. The trade was a 4.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Millrose Properties Stock Performance

Shares of Millrose Properties stock opened at $29.56 on Wednesday. The stock has a market capitalization of $4.91 billion and a price-to-earnings ratio of 12.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50-day moving average of $30.56 and a 200 day moving average of $31.69. Millrose Properties, Inc. has a 12 month low of $21.02 and a 12 month high of $36.00.

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

Millrose Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Monday, January 5th. This is an increase from Millrose Properties’s previous quarterly dividend of $0.73. Millrose Properties’s payout ratio is currently 122.95%.

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.