Millrose Properties (NYSE:MRP) Now Covered by Citigroup

Equities researchers at Citigroup started coverage on shares of Millrose Properties (NYSE:MRP - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set a "buy" rating and a $30.00 price target on the stock. Citigroup's price objective would indicate a potential upside of 25.37% from the company's previous close.

Separately, The Goldman Sachs Group assumed coverage on shares of Millrose Properties in a research report on Thursday, February 27th. They set a "buy" rating and a $25.00 price target for the company.

Millrose Properties Stock Up 2.3 %

MRP stock traded up $0.53 during midday trading on Monday, hitting $23.93. The stock had a trading volume of 884,715 shares, compared to its average volume of 3,719,428. The stock's 50-day moving average price is $23.68. Millrose Properties has a 52-week low of $19.00 and a 52-week high of $27.07.

Insider Buying and Selling

In other news, Director Carlos A. Migoya acquired 3,458 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $22.45 per share, for a total transaction of $77,632.10. Following the acquisition, the director now directly owns 10,106 shares in the company, valued at approximately $226,879.70. The trade was a 52.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Garett Rosenblum bought 5,900 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $22.84 per share, for a total transaction of $134,756.00. Following the completion of the purchase, the insider now owns 5,900 shares in the company, valued at approximately $134,756. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co purchased a new stake in shares of Millrose Properties during the 1st quarter valued at about $27,000. QRG Capital Management Inc. purchased a new stake in Millrose Properties in the first quarter worth approximately $1,348,000. Wealth Enhancement Advisory Services LLC bought a new stake in Millrose Properties in the 1st quarter worth approximately $3,223,000. Salem Investment Counselors Inc. purchased a new stake in Millrose Properties during the 1st quarter valued at $1,952,000. Finally, West Oak Capital LLC bought a new position in shares of Millrose Properties during the 1st quarter valued at $203,000.

Millrose Properties Company Profile

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.