Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) CEO David Sobelman bought 10,000 shares of Generation Income Properties stock in a transaction that occurred on Tuesday, December 13th. The stock was bought at an average cost of $4.99 per share, with a total value of $49,900.00. Following the completion of the purchase, the chief executive officer now owns 130,932 shares in the company, valued at approximately $653,350.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Generation Income Properties Stock Down 0.8 %
NASDAQ GIPR traded down $0.04 on Wednesday, reaching $4.96. The company had a trading volume of 2,786 shares, compared to its average volume of 17,227. The firm has a market capitalization of $12.39 million, a price-to-earnings ratio of -2.14 and a beta of -0.18. The company has a debt-to-equity ratio of 2.87, a quick ratio of 7.92 and a current ratio of 7.92. Generation Income Properties, Inc. has a 1-year low of $4.69 and a 1-year high of $7.85. The company's fifty day moving average is $5.06 and its 200-day moving average is $5.93.
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Generation Income Properties Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.039 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.47 annualized dividend and a yield of 9.44%. Generation Income Properties's dividend payout ratio (DPR) is presently -20.09%.
Institutional Investors Weigh In On Generation Income Properties
A hedge fund recently bought a new stake in Generation Income Properties stock. Virtu Financial LLC purchased a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,014 shares of the company's stock, valued at approximately $90,000. Virtu Financial LLC owned approximately 0.66% of Generation Income Properties at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.38% of the company's stock.
Analyst Upgrades and Downgrades
Separately, EF Hutton Acquisition Co. I reduced their target price on shares of Generation Income Properties from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, November 16th.
About Generation Income Properties
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Generation Income Properties (GIP) is a Real Estate Investment Trust based in Tampa, Florida that specializes in acquiring a diversified portfolio of high quality single tenant properties. Our portfolio consists of office, industrial and retail assets across the United States occupied by primarily investment grade credit tenants.
Further Reading
- Get a free copy of the StockNews.com research report on Generation Income Properties (GIPR)
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