Millrose Properties, Inc. (NYSE:MRP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The company traded as high as $28.95 and last traded at $28.94, with a volume of 97480 shares. The stock had previously closed at $28.61.
Specifically, Director Matthew B. Gorson purchased 7,500 shares of the firm's stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $28.24 per share, with a total value of $211,800.00. Following the completion of the acquisition, the director now owns 15,660 shares of the company's stock, valued at $442,238.40. The trade was a 91.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Analysts Set New Price Targets
Several analysts have commented on MRP shares. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They set a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group increased their target price on Millrose Properties from $28.00 to $31.50 and gave the company a "buy" rating in a report on Thursday, May 15th.
Get Our Latest Report on MRP
Millrose Properties Stock Performance
The firm's fifty day moving average price is $25.13.
Millrose Properties (NYSE:MRP - Get Free Report) last announced its quarterly earnings results 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 Announces Dividend
The business also recently announced a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, April 4th.
Hedge Funds Weigh In On Millrose Properties
Several hedge funds have recently bought and sold shares of MRP. CENTRAL TRUST Co purchased a new position in Millrose Properties in the 1st quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new position in Millrose Properties during the 1st quarter worth $114,000. Yousif Capital Management LLC purchased a new stake in Millrose Properties during the 1st quarter worth about $1,190,000. GAMMA Investing LLC purchased a new position in shares of Millrose Properties in the 1st quarter valued at about $1,784,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Millrose Properties during the first quarter worth about $1,433,000.
About Millrose Properties
(
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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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