Generation Income Properties’ (GIPR) Hold Rating Reaffirmed at Maxim Group

Maxim Group reissued their hold rating on shares of Generation Income Properties (NASDAQ:GIPRFree Report) in a research report sent to investors on Thursday, Benzinga reports.

Generation Income Properties Stock Down 2.4 %

Shares of NASDAQ:GIPR opened at $4.43 on Thursday. The firm has a market capitalization of $24.01 million, a PE ratio of -1.72 and a beta of -0.06. 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 firm’s 50-day moving average is $4.05 and its two-hundred day moving average is $3.89.

Generation Income Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Saturday, June 15th will be issued a dividend of $0.039 per share. The ex-dividend date is Friday, June 14th. This represents a $0.47 dividend on an annualized basis and a yield of 10.56%. Generation Income Properties’s dividend payout ratio (DPR) is presently -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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