JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Rachel Presa, the General Counsel and Secretary of Millrose Properties , Inc. (NYSE:MRP), recently acquired shares in the company, according to a recent SEC filing. The $3.7 billion market cap company currently shows a "GOOD" financial health score according to InvestingPro data. On March 3, Presa purchased a total of 992 shares of Millrose Properties’ Class A Common Stock, with the transactions valued at approximately $22,620. The shares were bought at prices ranging from $22.7873 to $22.83 per share, near the stock’s current trading price of $22.24. InvestingPro analysis indicates the stock is currently in overbought territory, with notably high price volatility. Following these acquisitions, Presa now directly owns 992 shares of the company. InvestingPro subscribers can access 5 additional key insights about MRP’s market position and financial outlook.
In other recent news, Goldman Sachs has initiated coverage on Millrose Properties with a Buy rating and set a 12-month price target of $25. This target suggests a potential total return of approximately 21%, factoring in an anticipated forward twelve-month dividend yield of 10%. The analyst firm forecasts that Millrose Properties will experience an average earnings per share and funds from operations growth of 11% annually from 2025 through 2027. This growth is expected to be driven by strategic leverage use to acquire more land sites, leading to additional option contracts. Currently, Millrose Properties’ primary customer is Lennar (NYSE:LEN), a major home construction company. However, the company’s future growth is anticipated to rely on securing more land site acquisitions and option contracts with other homebuilders. Goldman Sachs believes that as Millrose Properties continues to demonstrate reliable cash flow and grows through land acquisitions, the market will more accurately recognize its value.
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