Millrose Properties (NYSE:MRP) Given New $31.50 Price Target at The Goldman Sachs Group

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

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

Millrose Properties Stock Performance

Millrose Properties stock opened at $28.64 on Thursday. Millrose Properties has a 1-year low of $19.00 and a 1-year high of $28.90. The firm has a fifty day simple moving average of $24.70.

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

Millrose Properties Announces Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, April 4th.

Insider Buying and Selling

In related news, Director Carlos A. Migoya acquired 3,458 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at approximately $226,879.70. This represents a 52.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Garett Rosenblum acquired 5,900 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $22.84 per share, with a total value of $134,756.00. Following the acquisition, 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.

Hedge Funds Weigh In On Millrose Properties

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in shares of Millrose Properties in the first quarter worth about $488,156,000. Brave Warrior Advisors LLC purchased a new position in shares of Millrose Properties in the first quarter worth about $210,988,000. Greenhaven Associates Inc. purchased a new position in shares of Millrose Properties in the first quarter worth about $209,111,000. The Manufacturers Life Insurance Company purchased a new position in shares of Millrose Properties in the first quarter worth about $84,773,000. Finally, Wellington Management Group LLP purchased a new position in shares of Millrose Properties in the first quarter worth about $75,729,000.

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.