Millrose Properties, Inc. (NYSE:MRP) to Issue — Dividend of $0.38

Millrose Properties, Inc. (NYSE:MRP) declared a — dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, April 4th will be paid a dividend of 0.38 per share on Tuesday, April 15th. The ex-dividend date is Friday, April 4th.

Millrose Properties Stock Performance

Shares of Millrose Properties stock traded up $2.33 on Tuesday, reaching $24.33. The company’s stock had a trading volume of 5,626,000 shares, compared to its average volume of 5,016,525. Millrose Properties has a 52-week low of $19.00 and a 52-week high of $27.07.

Insider Activity

In other Millrose Properties news, insider Garett Rosenblum acquired 5,900 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $22.84 per share, for a total transaction of $134,756.00. Following the completion of the transaction, the insider now directly owns 5,900 shares of the company’s stock, valued at $134,756. This 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 through the SEC website. Also, Director Carlos A. Migoya acquired 3,458 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $226,879.70. This represents a 52.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Wall Street Analyst Weigh In

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

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.