ewsba.se
Written by Jonathan Ponciano for The Motley Fool->
Waterfall Asset Management bought 219,984 shares of MRP in the first quarter; the transaction value was estimated at $6.62 million based on average first-quarter pricing.
Meanwhile, the quarter-end position value rose by $5.96 million, reflecting both share additions and price movement.
The transaction equaled 3.7% of 13F reportable assets under management (AUM).
Waterfall Asset Management increased its stake in Millrose Properties (NYSE:MRP), adding 219,984 shares in the first quarter, an estimated $6.62 million trade based on quarterly average pricing, according to a May 8, 2026, SEC filing.
According to a May 8, 2026, SEC filing, Waterfall Asset Management bought 219,984 additional shares of Millrose Properties during the first quarter. The estimated transaction value was $6.62 million based on the average closing price from January through March 2026. The position’s quarter-end value increased by $5.96 million, a figure that includes both the share purchases and stock price changes during the period.
Millrose Properties, Inc. delivers a differentiated platform for residential land banking, enabling homebuilders to expand controlled land positions with minimal upfront capital. The company's model creates stable, recurring income streams backed by residential real estate, historically accessible only to institutional investors. With a focus on capital efficiency and innovative land acquisition, Millrose positions itself as a strategic partner for both builders and investors seeking exposure to residential real estate markets.
This buy ultimately looks like a fairly direct bet that homebuilders will keep outsourcing land risk instead of loading more inventory onto their own balance sheets. That matters because Millrose is positioned right in the middle of that shift, giving builders access to homesites while preserving capital in an environment where margins remain under pressure.The company’s latest quarter showed that demand is still moving in the right direction. Millrose expanded its builder network to 17 counterparties, including a new top-10 national homebuilder, while redeploying nearly $989 million into land acquisitions and development funding during the quarter.And financially, the business is scaling quickly. First-quarter revenue more than doubled year over year to $194.9 million, while net income reached $122.9 million, or $0.74 per share.For long-term investors, the bigger question is whether Millrose can keep expanding beyond Lennar while maintaining yields above 9%. Waterfall’s buy seems to suggest it’s bullish.
Before you buy stock in Millrose Properties, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Millrose Properties wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of May 10, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends AvalonBay Communities. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This data feed is not available at this time.