Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 12,200 shares, a growth of 100.0% from the April 15th total of 6,100 shares. Based on an average daily volume of 16,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are short sold.
Shares of NASDAQ:GIPR traded down $0.03 during trading on Friday, hitting $6.69. The company had a trading volume of 20,582 shares, compared to its average volume of 21,615. Generation Income Properties has a one year low of $5.75 and a one year high of $10.25. The company has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $6.85. The company has a debt-to-equity ratio of 2.12, a current ratio of 33.94 and a quick ratio of 33.94.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Tuesday, June 14th.
About Generation Income Properties (Get Rating)
Generation Income Properties (GIP) is a Real Estate Investment Trust based in Tampa, Florida that specializes in acquiring a diversified portfolio of high quality single tenant properties. Our portfolio consists of office, industrial and retail assets across the United States occupied by primarily investment grade credit tenants.
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