Millrose Properties (NYSE:MRP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Millrose Properties (NYSE:MRP) had its price target raised by equities research analysts at The Goldman Sachs Group from $28.00 to $31.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 10.26% from the stock’s current price.

Separately, Citigroup began coverage on shares of Millrose Properties in a research report on Monday, April 14th. They issued a “buy” rating and a $30.00 price objective for the company.

Millrose Properties Price Performance

NYSE MRP opened at $28.57 on Thursday. Millrose Properties has a fifty-two week low of $19.00 and a fifty-two week high of $28.90. The business has a 50 day moving average of $24.85.

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

Insider Buying and Selling at Millrose Properties

In other news, insider Garett Rosenblum acquired 5,900 shares of the 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 acquisition, the insider now directly owns 5,900 shares in the company, valued at $134,756. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carlos A. Migoya acquired 3,458 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $22.45 per share, for a total transaction of $77,632.10. Following the purchase, the director now directly 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 disclosure for this purchase can be found here.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in Millrose Properties during the first quarter worth $27,000. Fifth Third Bancorp acquired a new stake in shares of Millrose Properties during the first quarter worth $114,000. Yousif Capital Management LLC acquired a new stake in shares of Millrose Properties during the first quarter worth $1,190,000. GAMMA Investing LLC bought a new position in shares of Millrose Properties in the 1st quarter worth about $1,784,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Millrose Properties in the 1st quarter valued at about $1,433,000.

Millrose Properties Company Profile

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.