Millrose Properties (NYSE:MRP) Stock Price Up 7.5% - What's Next?

Millrose Properties, Inc. (NYSE:MRP - Get Free Report) shares rose 7.5% during mid-day trading on Wednesday . The stock traded as high as $26.17 and last traded at $26.06. Approximately 1,706,670 shares were traded during trading, a decline of 65% from the average daily volume of 4,898,107 shares. The stock had previously closed at $24.24.

Analyst Upgrades and Downgrades

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

Millrose Properties Price Performance

Millrose Properties Announces Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, April 4th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, April 4th.

Insider Transactions at Millrose Properties

In other news, insider Garett Rosenblum bought 5,900 shares of Millrose Properties stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $22.84 per share, with a total value of $134,756.00. Following the completion of the transaction, the insider now owns 5,900 shares in the company, valued at approximately $134,756. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carlos A. Migoya purchased 3,458 shares of the business'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 completion of the acquisition, the director now directly owns 10,106 shares of the company's stock, valued at $226,879.70. This represents a 52.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Remove Ads

About Millrose Properties

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.