Millrose Properties, Inc. (NYSE:MRP) Director Purchases $211,800.00 in Stock

Millrose Properties, Inc. (NYSE:MRP) Director Matthew B. Gorson purchased 7,500 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $28.24 per share, with a total value 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 position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Millrose Properties Trading Down 0.3%

Shares of NYSE MRP traded down $0.08 during trading on Tuesday, reaching $28.62. 540,183 shares of the stock were exchanged, compared to its average volume of 2,894,959. The business’s 50-day moving average price is $24.99. Millrose Properties, Inc. has a twelve month low of $19.00 and a twelve month high of $28.90.

Millrose Properties (NYSE:MRP) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $82.70 million for the quarter.

Millrose Properties Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, April 4th.

Wall Street Analyst Weigh In

A number of brokerages have commented on MRP. Citigroup assumed coverage on Millrose Properties in a research note on Monday, April 14th. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group boosted their price target on Millrose Properties from $28.00 to $31.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MRP. CENTRAL TRUST Co acquired a new stake in shares of Millrose Properties in the 1st quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in Millrose Properties in the first quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in Millrose Properties during the first quarter valued at approximately $28,000. William B. Walkup & Associates Inc. acquired a new stake in Millrose Properties during the first quarter valued at approximately $29,000. Finally, Assetmark Inc. bought a new position in Millrose Properties during the 1st quarter worth approximately $34,000.

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.