Generation Income Properties (NASDAQ:GIPR) Trading 2.6% Higher

Generation Income Properties, Inc. (NASDAQ:GIPR) traded up 2.6% during trading on Thursday . The company traded as high as $4.00 and last traded at $4.00. 29,436 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 32,285 shares. The stock had previously closed at $3.90.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of Generation Income Properties from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, April 17th.

Generation Income Properties Stock Performance

The stock has a market cap of $21.68 million, a PE ratio of -1.65 and a beta of -0.17. The business’s fifty day moving average price is $3.71 and its 200-day moving average price is $3.82. The company has a debt-to-equity ratio of 15.31, a quick ratio of 1.91 and a current ratio of 1.91.

Generation Income Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be issued a $0.039 dividend. This represents a $0.47 annualized dividend and a dividend yield of 11.70%. The ex-dividend date of this dividend is Tuesday, May 14th. Generation Income Properties’s payout ratio is currently -19.42%.

About Generation Income Properties

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.