Millrose Properties, Inc. (NYSE:MRP – Get 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.
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
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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