Millrose Properties, Inc. (NYSE:MRP – Get Free Report) gapped up before the market opened on Tuesday after the company announced a dividend. The stock had previously closed at $22.00, but opened at $22.90. Millrose Properties shares last traded at $23.82, with a volume of 593,167 shares trading hands.
The newly announced dividend which will be paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, April 4th.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group assumed coverage on Millrose Properties in a report on Thursday, February 27th. They set a “buy” rating and a $25.00 target price on the stock.
Millrose Properties Stock Up 5.0 %
Insider Transactions at Millrose Properties
In other Millrose Properties news, Director Carlos A. Migoya acquired 3,458 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $22.45 per share, for a total transaction of $77,632.10. Following the completion of the acquisition, the director now owns 10,106 shares in the company, valued at $226,879.70. This trade represents a 52.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Garett Rosenblum bought 5,900 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $134,756. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.
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.
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