Darren Richman Buys 195,000 Shares of Millrose Properties (NYSE:MRP) Stock

by · The Cerbat Gem

Millrose Properties, Inc. (NYSE:MRP – Get Free Report) insider Darren Richman bought 195,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $27.31 per share, with a total value of $5,325,450.00. Following the completion of the transaction, the insider directly owned 416,000 shares of the company’s stock, valued at approximately $11,360,960. This represents a 88.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Darren Richman also recently made the following trade(s):

  • On Monday, May 11th, Darren Richman bought 40,000 shares of Millrose Properties stock. The stock was acquired at an average cost of $27.31 per share, with a total value of $1,092,400.00.

Millrose Properties Stock Up 1.7%

MRP stock traded up $0.45 during trading hours on Wednesday, hitting $27.05. The company’s stock had a trading volume of 532,363 shares, compared to its average volume of 1,398,073. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.17 billion, a PE ratio of 9.69 and a beta of 0.59. Millrose Properties, Inc. has a 12 month low of $26.30 and a 12 month high of $36.00. The stock has a 50 day moving average price of $29.36 and a two-hundred day moving average price of $30.30.

Millrose Properties (NYSE:MRP – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The business had revenue of $194.93 million during the quarter. Millrose Properties had a return on equity of 7.90% and a net margin of 64.96%.The firm’s quarterly revenue was up 135.7% compared to the same quarter last year.

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $3.04 annualized dividend and a dividend yield of 11.2%. This is an increase from Millrose Properties’s previous quarterly dividend of $0.75. Millrose Properties’s payout ratio is currently 108.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MRP shares. Weiss Ratings downgraded shares of Millrose Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen downgraded shares of Millrose Properties from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $36.13.

Check Out Our Latest Analysis on Millrose Properties

Hedge Funds Weigh In On Millrose Properties

Large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its stake in Millrose Properties by 1,371.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 438,705 shares of the company’s stock valued at $14,745,000 after purchasing an additional 408,885 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Millrose Properties during the 3rd quarter valued at $6,029,000. Hodges Capital Management Inc. raised its stake in Millrose Properties by 180.0% during the 3rd quarter. Hodges Capital Management Inc. now owns 80,722 shares of the company’s stock valued at $2,713,000 after purchasing an additional 51,892 shares during the last quarter. Gabelli Funds LLC raised its stake in Millrose Properties by 34.9% during the 3rd quarter. Gabelli Funds LLC now owns 524,366 shares of the company’s stock valued at $17,624,000 after purchasing an additional 135,523 shares during the last quarter. Finally, First Dallas Securities Inc. raised its stake in Millrose Properties by 62.0% during the 3rd quarter. First Dallas Securities Inc. now owns 92,299 shares of the company’s stock valued at $3,102,000 after purchasing an additional 35,319 shares during the last quarter.

About Millrose Properties

(Get Free Report)

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.

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