Millrose Properties Target of Unusually High Options Trading (NYSE:MRP)

Millrose Properties, Inc. (NYSE:MRP) was the target of some unusual options trading activity on Wednesday. Investors bought 2,281 put options on the company. This is an increase of 805% compared to the typical volume of 252 put options.

Millrose Properties Stock Down 2.2 %

Millrose Properties stock traded down $0.56 during mid-day trading on Thursday, hitting $24.83. The stock had a trading volume of 598,483 shares, compared to its average volume of 4,790,751. Millrose Properties has a one year low of $19.00 and a one year high of $27.07.

Millrose Properties Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, April 4th will be paid a $0.38 dividend. The ex-dividend date is Friday, April 4th.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Millrose Properties in a report on Thursday, February 27th. They issued a “buy” rating and a $25.00 target price for the company.

Insider Buying and Selling at Millrose Properties

In related news, insider Garett Rosenblum acquired 5,900 shares of Millrose Properties stock in a transaction dated Monday, March 3rd. The stock was purchased 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 approximately $134,756. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carlos A. Migoya bought 3,458 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost 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 position. The disclosure for this purchase can be found here.

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.