Millrose Properties (NYSE:MRP) Shares Gap Up Following Dividend Announcement

Millrose Properties, Inc. (NYSE:MRPGet Free Report) gapped up prior to trading on Tuesday after the company announced a dividend. 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 changing hands.

The newly announced dividend which will be paid on Tuesday, April 15th. Investors of record on Friday, April 4th will be paid a $0.38 dividend. The ex-dividend date is Friday, April 4th.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on Millrose Properties

Millrose Properties Stock Performance

Insider Buying and Selling

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

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