Millrose Properties (NYSE:MRP) Shares Up 7.5% – What’s Next?

Shares of Millrose Properties, Inc. (NYSE:MRP) shot up 7.5% on Wednesday . The stock traded as high as $26.17 and last traded at $26.06. 1,706,670 shares were traded during trading, a decline of 65% from the average session volume of 4,898,107 shares. The stock had previously closed at $24.24.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Millrose Properties in a research note on Thursday, February 27th. They set a “buy” rating and a $25.00 target price for the company.

Millrose Properties Stock Performance

Millrose Properties Announces Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, April 4th.

Insider Buying and Selling at Millrose Properties

In other news, Director Carlos A. Migoya acquired 3,458 shares of Millrose Properties stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $22.45 per share, with a total value of $77,632.10. Following the completion of the purchase, the director now owns 10,106 shares of the company’s stock, valued at $226,879.70. This represents a 52.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Garett Rosenblum acquired 5,900 shares of Millrose Properties stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $22.84 per share, with a total value of $134,756.00. Following the completion of the purchase, the insider now directly owns 5,900 shares of the company’s stock, valued at approximately $134,756. This represents a ∞ increase in their position. The disclosure for this purchase can be found here.

About Millrose Properties

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.