Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 14,000 shares, an increase of 164.2% from the December 31st total of 5,300 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 1.1 days.
Insider Activity
In other Generation Income Properties news, CEO David Sobelman bought 10,000 shares of Generation Income Properties stock in a transaction that occurred on Tuesday, December 13th. The stock was acquired at an average cost of $4.99 per share, for a total transaction of $49,900.00. Following the completion of the transaction, the chief executive officer now directly owns 130,932 shares in the company, valued at $653,350.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.20% of the stock is owned by company insiders.
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Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Generation Income Properties stock. Virtu Financial LLC bought a new position in Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 quarter. 12.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, EF Hutton Acquisition Co. I dropped their price target on 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.
Generation Income Properties Trading Up 0.8 %
GIPR traded up $0.04 during midday trading on Thursday, reaching $5.09. 12,605 shares of the company's stock traded hands, compared to its average volume of 9,594. The firm has a fifty day moving average of $4.98 and a two-hundred day moving average of $5.59. The stock has a market capitalization of $12.71 million, a price-to-earnings ratio of -2.17 and a beta of -0.15. The company has a debt-to-equity ratio of 2.87, a current ratio of 7.92 and a quick ratio of 7.92. Generation Income Properties has a 52 week low of $4.66 and a 52 week high of $7.85.
Generation Income Properties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be given a dividend of $0.039 per share. This represents a $0.47 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date of this dividend is Tuesday, March 14th. Generation Income Properties's dividend payout ratio (DPR) is presently -20.09%.
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.
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