EF Hutton analyst Gaurav Mehta reiterated a Buy rating on Generation Income Properties (GIPR – Research Report) today and set a price target of $6.00. The company’s shares closed today at $4.50.
Mehta covers the Financial sector, focusing on stocks such as Creative Media, CTO Realty Growth, and Gladstone Commercial. According to TipRanks, Mehta has an average return of 0.5% and a 46.85% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Generation Income Properties with a $6.00 average price target.
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Based on Generation Income Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.33 million and a GAAP net loss of $1.32 million. In comparison, last year the company earned a revenue of $1.18 million and had a GAAP net loss of $580.53 thousand
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Generation Income Properties Inc is an internally managed company with the objective to acquire and own, directly or jointly, real estate investments focused on retail, office and industrial net lease properties located in several United States cities.
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