Investors Purchase High Volume of Millrose Properties Put Options (NYSE:MRP)

Millrose Properties, Inc. (NYSE:MRP) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 2,281 put options on the company. This represents an increase of 805% compared to the typical volume of 252 put options.

Insiders Place Their Bets

In related news, Director Carlos A. Migoya purchased 3,458 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $22.45 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Garett Rosenblum purchased 5,900 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $22.84 per share, for a total transaction of $134,756.00. Following the acquisition, the insider now directly owns 5,900 shares of the company’s stock, valued at $134,756. This represents a ∞ increase in their position. The disclosure for this purchase can be found here.

Millrose Properties Stock Performance

MRP stock traded up $0.90 during mid-day trading on Wednesday, reaching $25.14. 517,798 shares of the stock traded hands, compared to its average volume of 4,856,344. Millrose Properties has a 52 week low of $19.00 and a 52 week high of $27.07.

Millrose Properties Dividend Announcement

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

Analysts Set New Price Targets

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

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.