Millrose Properties, Inc. (NYSE:MRP) Plans — Dividend of $0.38

Millrose Properties, Inc. (NYSE:MRP) declared a — dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.38 per share on Tuesday, April 15th. The ex-dividend date is Friday, April 4th.

Millrose Properties Price Performance

Shares of NYSE:MRP traded up $2.33 during trading on Tuesday, reaching $24.33. 5,625,947 shares of the company traded hands, compared to its average volume of 5,016,522. Millrose Properties has a 1-year low of $19.00 and a 1-year high of $27.07.

Insider Buying and Selling at Millrose Properties

In other Millrose Properties news, Director Carlos A. Migoya acquired 3,458 shares of Millrose Properties stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $22.45 per share, with a total value of $77,632.10. Following the purchase, the director now owns 10,106 shares in the company, valued at approximately $226,879.70. This trade represents a 52.02 % 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 the SEC website. Also, insider Garett Rosenblum acquired 5,900 shares of Millrose Properties stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $22.84 per share, with a total value of $134,756.00. Following the purchase, the insider now owns 5,900 shares in the company, valued at $134,756. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Analysts Set New Price Targets

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

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.