Millrose Properties, Inc. (NYSE:MRP - Get Free Report) traded up 0% during mid-day trading on Monday . The company traded as high as $26.20 and last traded at $25.85. 785,364 shares changed hands during trading, a decline of 75% from the average session volume of 3,203,922 shares. The stock had previously closed at $25.84.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. 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 objective for the company. Citigroup initiated coverage on shares of Millrose Properties in a research report on Monday, April 14th. They issued a "buy" rating and a $30.00 target price on the stock.
Check Out Our Latest Analysis on Millrose Properties
Millrose Properties Trading Down 2.5%
The business has a 50-day simple moving average of $24.27.
Millrose Properties Dividend Announcement
The firm 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.
Insider Buying and Selling
In other Millrose Properties news, insider Garett Rosenblum bought 5,900 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $22.84 per share, for a total transaction of $134,756.00. Following the transaction, the insider now directly owns 5,900 shares in the company, valued at $134,756. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carlos A. Migoya bought 3,458 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $22.45 per share, for a total transaction of $77,632.10. Following the transaction, the director now owns 10,106 shares in the company, valued at $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.
Hedge Funds Weigh In On Millrose Properties
A number of hedge funds have recently modified their holdings of MRP. CENTRAL TRUST Co purchased a new position in shares of Millrose Properties in the first quarter valued at about $27,000. Allworth Financial LP purchased a new position in shares of Millrose Properties in the first quarter valued at about $33,000. Assetmark Inc. purchased a new position in shares of Millrose Properties in the first quarter valued at about $34,000. Golden State Wealth Management LLC purchased a new position in shares of Millrose Properties in the first quarter valued at about $37,000. Finally, Advisors Preferred LLC purchased a new position in shares of Millrose Properties in the first quarter valued at about $43,000.
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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