Millrose Properties, Inc. (NYSE:MRP) CTO Buys $70,850.00 in Stock

Millrose Properties, Inc. (NYSE:MRP - Get Free Report) CTO Adil Pasha acquired 2,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of $28.34 per share, for a total transaction of $70,850.00. Following the completion of the transaction, the chief technology officer now owns 2,500 shares in the company, valued at approximately $70,850. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Millrose Properties Price Performance

Shares of NYSE MRP traded down $0.33 during mid-day trading on Wednesday, reaching $27.54. The company had a trading volume of 680,100 shares, compared to its average volume of 2,770,524. The stock has a 50 day simple moving average of $25.57. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $28.99.

Millrose Properties (NYSE:MRP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $82.70 million for the quarter.

Millrose Properties Dividend Announcement

The company also recently declared a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, April 4th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Greenhaven Associates Inc. purchased a new position in shares of Millrose Properties during the first quarter worth approximately $209,111,000. GAMMA Investing LLC purchased a new position in shares of Millrose Properties during the first quarter worth approximately $1,784,000. Asset Management Advisors LLC purchased a new position in Millrose Properties during the 1st quarter worth $721,000. Rhumbline Advisers purchased a new position in Millrose Properties during the 1st quarter worth $7,441,000. Finally, Merit Financial Group LLC purchased a new position in Millrose Properties during the 1st quarter worth $552,000.

Analysts Set New Price Targets

MRP has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a research note on Thursday, May 15th.

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.