Millrose Properties, Inc. (NYSE:MRP - Get Free Report) reached a new 52-week high on Wednesday after an insider bought additional shares in the company. The stock traded as high as $28.95 and last traded at $28.94, with a volume of 97480 shares trading hands. The stock had previously closed at $28.61.
Specifically, Director Matthew B. Gorson purchased 7,500 shares of Millrose Properties stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the completion of the transaction, the director now owns 15,660 shares in the company, valued at $442,238.40. This trade represents a 91.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Analyst Ratings Changes
Several brokerages have commented on MRP. The Goldman Sachs Group raised their target price on Millrose Properties from $28.00 to $31.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Citigroup began coverage on shares of Millrose Properties in a report on Monday, April 14th. They issued a "buy" rating and a $30.00 price target on the stock.
Get Our Latest Stock Analysis on MRP
Millrose Properties Stock Performance
The company's 50-day simple moving average is $25.45.
Millrose Properties (NYSE:MRP - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The company had revenue of $82.70 million during the quarter.
Millrose Properties Dividend Announcement
The company also recently announced a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were given a $0.38 dividend. The ex-dividend date was Friday, April 4th.
Institutional Trading of Millrose Properties
Several hedge funds and other institutional investors have recently bought and sold shares of MRP. CENTRAL TRUST Co purchased a new position in Millrose Properties in the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Millrose Properties during the first quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Millrose Properties in the first quarter worth approximately $28,000. William B. Walkup & Associates Inc. purchased a new position in shares of Millrose Properties in the first quarter worth $29,000. Finally, Allworth Financial LP purchased a new position in shares of Millrose Properties in the first quarter worth $33,000.
About Millrose Properties
(
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.
Recommended Stories
Before you consider Millrose Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Millrose Properties wasn't on the list.
While Millrose Properties currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
