Millrose Properties (NYSE:MRP) Stock Price Up 0% – Time to Buy?

Millrose Properties, Inc. (NYSE:MRP) shares rose 0% during trading on Monday . The stock traded as high as $26.20 and last traded at $25.85. Approximately 785,364 shares traded hands during trading, a decline of 75% from the average daily volume of 3,203,922 shares. The stock had previously closed at $25.84.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MRP shares. Citigroup started coverage on Millrose Properties in a report on Monday, April 14th. They issued a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Millrose Properties in a research note on Thursday, February 27th. They set a “buy” rating and a $25.00 price target on the stock.

Millrose Properties Stock Performance

The business’s 50-day moving average is $24.02.

Millrose Properties Announces Dividend

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

Insiders Place Their Bets

In related news, Director Carlos A. Migoya acquired 3,458 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $22.45 per share, with a total value of $77,632.10. Following the completion of the transaction, the director now owns 10,106 shares in the company, valued at $226,879.70. This represents a 52.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Garett Rosenblum bought 5,900 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $22.84 per share, for a total transaction 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 trade represents a ∞ increase in their position. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Millrose Properties

A number of hedge funds and other institutional investors have recently modified their holdings of MRP. CENTRAL TRUST Co purchased a new position in Millrose Properties in the first quarter valued at $27,000. Allworth Financial LP purchased a new position in shares of Millrose Properties in the 1st quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Millrose Properties during the 1st quarter worth about $37,000. Penserra Capital Management LLC purchased a new stake in Millrose Properties during the first quarter worth approximately $62,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in Millrose Properties in the first quarter valued at approximately $66,000.

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.