Gilman Hill Asset Management just threw a Molotov cocktail into the dividend-income sector by hoarding $7.9 million worth of Millrose Properties (MRP) shares. This isn’t just a “strategic move”-it’s a full-blown ambush of the REIT landscape, and the market is either laughing or screaming, depending on who you ask.
What Happened
Connecticut’s finest, Gilman Hill, filed with the SEC a third-quarter pounce on 235,475 shares of Millrose, now valued at $7.9 million. This addition swells their equity portfolio to 231 positions, but let’s not mistake this for diversification-it’s a surgical strike. The real question isn’t *why* they bought, but *how* they didn’t see this coming sooner.
What Else to Know
This stake? It’s 1.2% of their $638.7 million reportable AUM. Trivial? Hardly. In a world where institutional players are still licking their wounds from crypto’s collapse, Gilman Hill is betting on a REIT that smells like a 5.7% dividend yield and a business model that’s less “investing” and more “land hoarding with a side of profit.”
Their top holdings? A smorgasbord of high-yield survivors:
- NYSE:VZ: $11.9 million (1.9% of AUM)
- NYSE:O: $11.6 million (1.8% of AUM)
- NASDAQ:SBRA: $11.3 million (1.8% of AUM)
- NYSE:SWK: $11.2 million (1.7% of AUM)
- NYSE:HTGC: $11 million (1.7% of AUM)
But let’s not forget the star of this circus: Millrose Properties. Its shares are now trading at $31.91, a 45% leap since its February spinoff from Lennar. That’s not just a rally-it’s a full-frontal assault on the S&P’s 9.5% gain. The stock is dancing on a tightrope strung between greed and giddiness, and investors are holding their breath like it’s the final scene of a horror movie.
Company Overview
| Metric | Value |
|---|---|
| Market Capitalization | $5.3 billion |
| Revenue (TTM) | $231.7 million |
| Net Income (TTM) | $48.1 million |
| Dividend Yield | 5.7% |
Company Snapshot
- Millrose operates HOPP’R, a platform where homebuilders can bank land without pawning their firstborn. It’s the REIT version of a casino: low risk, high reward, and everyone’s playing with someone else’s money.
- The company’s income streams? Residential real estate-backed, but don’t call it “safe.” Call it a rigged wheel of fortune where the house always wins-and the investors grin like maniacs while losing their shirts.
- Primary customers? Homebuilders looking to avoid capital expenditures and investors craving income. It’s a love triangle between profit, paranoia, and the American Dream, and Millrose is the jealous ex who won’t let go.
Millrose’s HOPP’R model is the capitalist equivalent of a hallucinogenic rollercoaster. Homebuilders secure land with minimal capital outlay, and investors get to sip dividend cocktails while the real estate market burns in the background. It’s a capital-efficient scam wrapped in a REIT, and somehow, it’s working.
Foolish Take
Gilman Hill’s $7.9 million bet on Millrose isn’t just about dividends-it’s about survival. In a market where everyone’s chasing yield like it’s the last bottle of wine in a desert, Millrose is the oasis. The fund’s portfolio is a Frankenstein’s monster of Realty Income (O), Hercules Capital (HTGC), and now, a healthy dose of Millrose’s land banking madness. It’s a recipe for chaos, but chaos with a 5.7% yield and a stock that’s up 45% since its IPO.
Millrose’s Q3 numbers? $179.3 million in revenue and $105.1 million in net income. That’s not just growth-it’s a nuclear explosion in a financial suit. But let’s not get ahead of ourselves. The housing market is a ticking time bomb, and Millrose is dancing on the fuse. For long-term investors, this is a Faustian bargain: high yield, high risk, and a boardroom full of people who probably shouldn’t be allowed near a calculator.
Gilman Hill’s move is a masterstroke of activist investing. They’re not just buying shares-they’re buying influence, stability, and a seat at the table where the real money is made. And if Millrose’s model collapses under the weight of its own ambition? Well, that’s a problem for the next guy. For now, it’s a 5.7% yield and a stock that’s riding the wave like it owns the damn ocean.
Glossary
Assets Under Management (AUM): The alchemy of AUM-turning investor dollars into portfolios that either sparkle or burn.
13F Reportable Assets: The SEC’s way of saying, “We’re watching you, Wall Street.”
Dividend Yield: The sweet, sweet poison of capitalism.
Residential Land Banking: Buying land like it’s a discount store for future subdivisions.
Capital-Efficient: A fancy way of saying, “We’re skimming profits without breaking a sweat.”
REIT: Real Estate Investment Trusts-because who doesn’t want to own property without the hassle of toilets that leak?
Millrose Properties is a circus, and Gilman Hill just bought the ringmaster’s ticket. The show is on, and the popcorn is burning. 🚀
Read More
- ETH PREDICTION. ETH cryptocurrency
- Gold Rate Forecast
- ETH GBP PREDICTION. ETH cryptocurrency
- Ethereum Devs Unveil Kohaku: The Ultimate Privacy and Security Solution for Wallets!
- Sailing the Seas of Risk: Carnival vs. Royal Caribbean
- Quantum’s Share Dilemma
- Quantum AI Stocks: A Watchful Gaze
- Bybit Gets First Crypto Exchange License in UAE! Big News for Crypto Fans
- The Surging Phantom of Plug Power: A Fool’s Gold in Hydrogen?
- Brent Oil Forecast
2025-10-15 21:34