CWA Asset Management Group LLC Invests $1.49 Million in Millrose Properties, Inc. $MRP

CWA Asset Management Group LLC purchased a new stake in shares of Millrose Properties, Inc. (NYSE:MRP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 49,701 shares of the company’s stock, valued at approximately $1,485,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRP. Baird Financial Group Inc. purchased a new position in Millrose Properties in the 1st quarter valued at about $224,000. Royal Bank of Canada purchased a new stake in shares of Millrose Properties during the first quarter worth about $1,508,000. Advisors Asset Management Inc. purchased a new stake in shares of Millrose Properties during the first quarter worth about $45,000. NewEdge Advisors LLC acquired a new position in shares of Millrose Properties in the first quarter worth about $39,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Millrose Properties in the first quarter worth about $18,093,000.

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Matthew B. Gorson acquired 1,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $30.66 per share, with a total value of $30,660.00. Following the completion of the acquisition, the director directly owned 25,611 shares in the company, valued at $785,233.26. This trade represents a 4.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Millrose Properties Trading Down 2.8%

Shares of NYSE MRP opened at $28.24 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $30.45 and its two-hundred day moving average price is $31.35. Millrose Properties, Inc. has a 52-week low of $21.64 and a 52-week high of $36.00. The stock has a market capitalization of $4.69 billion and a P/E ratio of 11.57.

Millrose Properties (NYSE:MRP) last issued its earnings results on Thursday, February 26th. The company reported $0.74 EPS 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 company had revenue of $189.50 million during the quarter.

Analysts Set New Price Targets

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

About Millrose Properties

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.