Millrose Properties (NYSE:MRP) Coverage Initiated at Citigroup

Equities researchers at Citigroup initiated coverage on shares of Millrose Properties (NYSE:MRP) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $30.00 price target on the stock. Citigroup’s price target indicates a potential upside of 28.87% from the stock’s current price.

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

Millrose Properties Price Performance

NYSE MRP opened at $23.28 on Monday. Millrose Properties has a 12 month low of $19.00 and a 12 month high of $27.07.

Insider Transactions at Millrose Properties

In related news, insider Garett Rosenblum purchased 5,900 shares of Millrose Properties stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $22.84 per share, with a total value of $134,756.00. Following the completion of the transaction, the insider now directly owns 5,900 shares in the company, valued at approximately $134,756. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlos A. Migoya purchased 3,458 shares of Millrose Properties stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $22.45 per share, with a total value of $77,632.10. Following the transaction, the director now owns 10,106 shares in the company, valued at $226,879.70. The trade was a 52.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Millrose Properties

A number of institutional investors have recently added to or reduced their stakes in MRP. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Millrose Properties during the 1st quarter worth $272,000. Merit Financial Group LLC acquired a new position in shares of Millrose Properties in the 1st quarter valued at about $552,000. Rhumbline Advisers purchased a new stake in Millrose Properties during the first quarter worth approximately $7,441,000. Asset Management Advisors LLC purchased a new position in Millrose Properties in the first quarter valued at about $721,000. Finally, GAMMA Investing LLC purchased a new position in shares of Millrose Properties in the first quarter valued at $1,784,000.

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.