20 Mid-Cap Stocks Insiders Were Buying in Q1 2025

3. Millrose Properties, Inc. (NYSE:MRP)

Market Cap: $3.89 billion

Millrose acquires and develops residential land, then sells finished homesites to homebuilders through option contracts, supporting their asset-light strategies while continuously reinvesting capital into new land acquisitions.

On February 7, Lennar Corporation (NYSE:LEN) completed the spin-off of Millrose Properties, distributing approximately 80% of Millrose’s stock to its shareholders. Lennar stockholders received one share of Millrose stock for every two shares they owned, with special handling for fractional shares.

Following the spin-off, Millrose Properties has completed its $900 million acquisition of around 24,000 homesites from Rausch Coleman Homes and signed option agreements with Lennar for all of them. The deal was funded with Millrose’s cash on hand, and the company still has about $1.3 billion in available credit.

On March 17, Millrose Properties announced its first dividend of $65 million, or $0.38 per share, to be paid on April 15, 2025, to shareholders of record as of April 4. This pro-rated “stub” dividend covers the period from its February 7 spin-off from Lennar through March 31 and equates to $0.65 per share on a full quarterly basis.

In February and March, six insiders, including the company’s COO, acquired a total of $6.52 million worth of Millrose Properties shares at an average price of $22.70 per share. Since the February spin-off, Millrose Properties shares have gained 6.65%, trading at $23.40.

According to MarketBeat, two analysts rate Millrose Properties stock as a “Strong Buy”, with an average price target of $27.50.