Millrose Properties (NYSE:MRP) Price Target Raised to $31.50

Millrose Properties (NYSE:MRP) had its price objective increased by The Goldman Sachs Group from $28.00 to $31.50 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

Millrose Properties Trading Down 0.2%

Shares of NYSE:MRP opened at $28.57 on Thursday. The business has a 50 day moving average price of $24.85. Millrose Properties has a 52-week low of $19.00 and a 52-week high of $28.90.

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

Millrose Properties Announces Dividend

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

Insider Buying and Selling

In other news, insider Garett Rosenblum acquired 5,900 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $22.84 per share, with a total value of $134,756.00. Following the transaction, the insider now directly owns 5,900 shares in the company, valued at approximately $134,756. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carlos A. Migoya bought 3,458 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $22.45 per share, with a total value of $77,632.10. Following the transaction, 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 Investors Weigh In On Millrose Properties

Several institutional investors have recently bought and sold shares of MRP. Vanguard Group Inc. acquired a new stake in shares of Millrose Properties in the 1st quarter worth $488,156,000. Brave Warrior Advisors LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $210,988,000. Greenhaven Associates Inc. acquired a new position in shares of Millrose Properties during the first quarter valued at about $209,111,000. The Manufacturers Life Insurance Company purchased a new position in shares of Millrose Properties in the 1st quarter valued at approximately $84,773,000. Finally, Wellington Management Group LLP acquired a new stake in Millrose Properties in the 1st quarter worth approximately $75,729,000.

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.