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

Generation Income Properties (NASDAQ:GIPR) was upgraded by 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 price target on the stock. Maxim Group’s price objective indicates a potential upside of 31.93% from the company’s previous close.

Generation Income Properties Stock Performance

GIPR stock traded up $0.08 during trading hours on Wednesday, reaching $3.79. The stock had a trading volume of 21,402 shares, compared to its average volume of 31,287. The stock has a market capitalization of $20.54 million, a PE ratio of -1.57 and a beta of -0.18. The company has a debt-to-equity ratio of 15.31, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $3.84. Generation Income Properties has a fifty-two week low of $2.90 and a fifty-two week high of $4.65.

Hedge Funds 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 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,885 shares of the company’s stock, valued at approximately $71,000. Stifel Financial Corp owned 0.68% of Generation Income Properties as of its most recent SEC filing. Institutional investors and hedge funds own 20.72% of the company’s stock.

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.