Millrose Properties (NYSE:MRP) Earns Buy Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Millrose Properties (NYSE:MRP) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

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

Millrose Properties Stock Down 1.3 %

Shares of MRP stock opened at $23.45 on Monday. Millrose Properties has a 12 month low of $19.00 and a 12 month high of $27.07.

Millrose Properties Dividend Announcement

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

Insider Buying and Selling

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 bought at an average price of $22.84 per share, with a total value of $134,756.00. Following the purchase, the insider now owns 5,900 shares of the company’s stock, valued at approximately $134,756. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carlos A. Migoya purchased 3,458 shares of the stock in a transaction on 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 purchase, the director now directly owns 10,106 shares of the company’s stock, valued at $226,879.70. The trade was a 52.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Institutional Trading of Millrose Properties

Several hedge funds and other institutional investors have recently bought and sold shares of MRP. GAMMA Investing LLC bought a new stake in Millrose Properties during the 1st quarter valued at $67,000. Fifth Third Bancorp bought a new stake in shares of Millrose Properties in the first quarter worth about $114,000. West Oak Capital LLC bought a new position in Millrose Properties during the 1st quarter valued at approximately $203,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Millrose Properties in the 1st quarter worth approximately $272,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Millrose Properties during the first quarter valued at approximately $377,000.

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.