Free Trial

Millrose Properties (NYSE:MRP) Trading 0% Higher - Here's Why

Millrose Properties logo with Finance background

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.

Featured Stories

Should You Invest $1,000 in Millrose Properties Right Now?

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

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines