Generation Income Properties (NASDAQ:GIPR) Rating Increased to Buy at Maxim Group

Generation Income Properties (NASDAQ:GIPR) was upgraded by stock analysts at Maxim Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a $5.00 target price on the stock. Maxim Group’s price objective suggests a potential upside of 31.58% from the stock’s current price.

Generation Income Properties Price Performance

Shares of NASDAQ GIPR opened at $3.80 on Wednesday. The business’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $3.84. The company has a market cap of $20.60 million, a PE ratio of -1.57 and a beta of -0.18. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 15.31. Generation Income Properties has a twelve month low of $2.90 and a twelve month high of $4.65.

Hedge Funds Weigh In On Generation Income Properties

An institutional investor recently bought a new position in Generation Income Properties stock. Stifel Financial Corp bought a new stake in Generation Income Properties, Inc. (NASDAQ:GIPR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,885 shares of the company’s stock, valued at approximately $71,000. Stifel Financial Corp owned about 0.68% of Generation Income Properties at the end of the most recent quarter. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Generation Income Properties Company Profile

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.