Generation Income Properties (NASDAQ:GIPR) Upgraded at Maxim Group

Maxim Group upgraded shares of Generation Income Properties (NASDAQ:GIPR) from a hold rating to a buy rating in a research report report published on Wednesday, Benzinga reports. The firm currently has $5.00 price target on the stock.

Generation Income Properties Price Performance

Shares of Generation Income Properties stock opened at $3.75 on Wednesday. The company has a debt-to-equity ratio of 15.31, a current ratio of 1.91 and a quick ratio of 1.91. Generation Income Properties has a one year low of $2.90 and a one year high of $4.65. The business’s 50 day simple moving average is $3.60 and its two-hundred day simple moving average is $3.83. The stock has a market capitalization of $20.33 million, a P/E ratio of -1.55 and a beta of -0.18.

Generation Income Properties Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.039 per share. The ex-dividend date is Friday, April 12th. This represents a $0.47 annualized dividend and a yield of 12.48%. Generation Income Properties’s payout ratio is currently -19.42%.

Hedge Funds Weigh In On Generation Income Properties

An institutional investor recently bought a new position in Generation Income Properties stock. Stifel Financial Corp bought a new position in Generation Income Properties, Inc. (NASDAQ:GIPR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,885 shares of the company’s stock, valued at approximately $71,000. Stifel Financial Corp owned about 0.68% of Generation Income Properties at the end of the most recent reporting period. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Generation Income Properties Company Profile

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.