Brokerages Set Millrose Properties, Inc. (NYSE:MRP) Target Price at $36.90

23 Jan 2026, 01:14 by Amy Steele · The Cerbat Gem

Shares of Millrose Properties, Inc. (NYSE:MRP – Get Free Report) have been assigned a consensus rating of “Buy” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $36.90.

Several equities research analysts have recently weighed in on the company. JMP Securities started coverage on Millrose Properties in a research report on Wednesday, October 8th. They issued a “market outperform” rating and a $40.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Millrose Properties in a research report on Wednesday, October 8th. Citigroup upped their price target on Millrose Properties from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Citizens Jmp assumed coverage on shares of Millrose Properties in a research report on Wednesday, October 8th. They issued a “mkt outperform” rating and a $40.00 price objective for the company. Finally, BTIG Research began coverage on shares of Millrose Properties in a research report on Monday, December 1st. They set a “buy” rating and a $35.00 target price on the stock.

View Our Latest Analysis on Millrose Properties

Insider Transactions at Millrose Properties

In other Millrose Properties news, Director Carlos A. Migoya purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $32.24 per share, for a total transaction of $32,240.00. Following the completion of the purchase, the director owned 16,766 shares in the company, valued at $540,535.84. The trade was a 6.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew B. Gorson acquired 2,500 shares of the stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $32.69 per share, with a total value of $81,725.00. Following the purchase, the director owned 18,160 shares in the company, valued at $593,650.40. This represents a 15.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 11,476 shares of company stock valued at $373,264.

Institutional Trading of Millrose Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in Millrose Properties by 8.7% during the 2nd quarter. State Street Corp now owns 4,173,660 shares of the company’s stock worth $118,991,000 after acquiring an additional 333,686 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Millrose Properties by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,939,771 shares of the company’s stock worth $98,806,000 after purchasing an additional 908,189 shares during the last quarter. Cannell & Spears LLC lifted its position in shares of Millrose Properties by 1.0% during the third quarter. Cannell & Spears LLC now owns 2,628,406 shares of the company’s stock worth $88,341,000 after purchasing an additional 25,151 shares during the last quarter. Blue Whale Capital LLP grew its stake in Millrose Properties by 89.1% in the third quarter. Blue Whale Capital LLP now owns 2,267,144 shares of the company’s stock worth $76,199,000 after purchasing an additional 1,068,075 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Millrose Properties by 2.1% in the second quarter. Geode Capital Management LLC now owns 2,208,793 shares of the company’s stock valued at $62,983,000 after buying an additional 44,506 shares during the last quarter.

Millrose Properties Stock Performance

Shares of MRP stock opened at $30.66 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.09 billion and a PE ratio of 18.04. The company’s fifty day simple moving average is $30.44 and its 200-day simple moving average is $31.73. Millrose Properties has a 52 week low of $19.00 and a 52 week high of $36.00.

Millrose Properties (NYSE:MRP – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $179.26 million during the quarter.

Millrose Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 9.8%. 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 dividend payout ratio is currently 176.47%.

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.