Generation Income Properties (NASDAQ:GIPR) Receives “Hold” Rating from Maxim Group

Maxim Group reissued their hold rating on shares of Generation Income Properties (NASDAQ:GIPRFree Report) in a research note released on Thursday morning, Benzinga reports.

Generation Income Properties Trading Down 2.4 %

Shares of NASDAQ GIPR opened at $4.43 on Thursday. The business has a fifty day moving average price of $4.05 and a 200 day moving average price of $3.89. Generation Income Properties has a 1-year low of $2.90 and a 1-year high of $4.64. The company has a debt-to-equity ratio of 5.05, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $24.01 million, a P/E ratio of -1.72 and a beta of -0.06.

Generation Income Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be given a $0.039 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date of this dividend is Friday, June 14th. Generation Income Properties’s payout ratio is currently -18.29%.

About Generation Income Properties

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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.

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