Maxim Group upgraded shares of Generation Income Properties (NASDAQ:GIPR – Free Report) from a hold rating to a buy rating in a report published on Wednesday morning, Benzinga reports. They currently have $5.00 price objective on the stock.
Generation Income Properties Stock Up 2.2 %
Shares of Generation Income Properties stock opened at $3.79 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 15.31. The business’s 50 day simple moving average is $3.59 and its two-hundred day simple moving average is $3.84. Generation Income Properties has a one year low of $2.90 and a one year high of $4.65.
Generation Income Properties Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.039 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.47 dividend on an annualized basis and a yield of 12.35%. Generation Income Properties’s dividend payout ratio (DPR) is currently -19.42%.
Hedge Funds Weigh In On Generation Income Properties
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.
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