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

Millrose Properties, Inc. (NYSE:MRP) announced a — dividend on Monday, March 17th, Wall Street Journal reports. Stockholders 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 Up 10.6 %

Shares of NYSE:MRP traded up $2.33 during trading on Tuesday, reaching $24.33. The stock had a trading volume of 5,626,000 shares, compared to its average volume of 5,016,525. Millrose Properties has a 1-year low of $19.00 and a 1-year high of $27.07.

Insiders Place Their Bets

In related news, Director Carlos A. Migoya acquired 3,458 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $22.45 per share, with a total value of $77,632.10. Following the completion of the purchase, the director now owns 10,106 shares of the company’s stock, valued at approximately $226,879.70. This represents a 52.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Garett Rosenblum acquired 5,900 shares of the stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $22.84 per share, for a total transaction of $134,756.00. Following the purchase, the insider now directly owns 5,900 shares of the company’s stock, valued at $134,756. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

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

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.