Millrose Properties, Inc. (NYSE:MRP - Get Free Report) shares gapped up before the market opened on Tuesday following a dividend announcement from the company. The stock had previously closed at $22.00, but opened at $22.90. Millrose Properties shares last traded at $23.82, with a volume of 593,167 shares traded.
The newly announced dividend which will be paid on Tuesday, April 15th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, April 4th.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group began coverage on Millrose Properties in a report on Thursday, February 27th. They set a "buy" rating and a $25.00 price objective on the stock.
View Our Latest Stock Analysis on MRP
Millrose Properties Stock Performance
Insider Activity
In other Millrose Properties news, Director Carlos A. Migoya acquired 3,458 shares of Millrose Properties stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $22.45 per share, with a total value of $77,632.10. Following the purchase, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Garett Rosenblum acquired 5,900 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $22.84 per share, with a total value of $134,756.00. Following the completion of the transaction, the insider now directly owns 5,900 shares in the company, valued at approximately $134,756. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here.
Millrose Properties Company Profile
(
Get Free Report)
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.
Further Reading
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