Generation Income Properties (NASDAQ:GIPR) Upgraded by Maxim Group to Buy

Generation Income Properties (NASDAQ:GIPR) was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a $5.00 price target on the stock. Maxim Group’s price objective points to a potential upside of 31.93% from the stock’s previous close.

Generation Income Properties Price Performance

Shares of Generation Income Properties stock traded up $0.08 on Wednesday, reaching $3.79. The stock had a trading volume of 21,402 shares, compared to its average volume of 31,287. The business’s 50 day moving average is $3.58 and its two-hundred day moving average is $3.84. The company has a market cap of $20.54 million, a P/E ratio of -1.57 and a beta of -0.18. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 15.31. Generation Income Properties has a 1 year low of $2.90 and a 1 year high of $4.65.

Institutional Investors Weigh In On Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Stifel Financial Corp bought a new stake in Generation Income Properties, Inc. (NASDAQ:GIPR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,885 shares of the company’s stock, valued at approximately $71,000. Stifel Financial Corp owned approximately 0.68% of Generation Income Properties at the end of the most recent reporting period. 20.72% of the stock is owned by institutional investors.

About Generation Income Properties

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.