Generation Income Properties (NASDAQ:GIPR) Trading Up 0.2% After Dividend Announcement

Generation Income Properties, Inc. (NASDAQ:GIPRGet Free Report) shot up 0.2% during mid-day trading on Monday after the company announced a dividend. The company traded as high as $4.53 and last traded at $4.47. 24,779 shares were traded during trading, a decline of 20% from the average session volume of 31,119 shares. The stock had previously closed at $4.46.

The newly announced dividend which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be given 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 10.40%. Generation Income Properties’s payout ratio is presently -17.90%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on Generation Income Properties

Generation Income Properties Price Performance

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 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $3.89. The company has a market cap of $24.40 million, a price-to-earnings ratio of -1.75 and a beta of -0.06.

Generation Income Properties Company Profile

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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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