Generation Income Properties (NASDAQ:GIPR) Stock Price Down 1.5%

Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) dropped 1.5% during mid-day trading on Thursday . The stock traded as low as $6.31 and last traded at $6.31. Approximately 7,713 shares changed hands during trading, a decline of 55% from the average daily volume of 17,183 shares. The stock had previously closed at $6.40.

The company has a current ratio of 13.65, a quick ratio of 13.65 and a debt-to-equity ratio of 2.73. The firm has a 50-day simple moving average of $6.73 and a 200-day simple moving average of $6.79.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 10.28%.

A hedge fund recently bought a new stake in Generation Income Properties stock. Gator Capital Management LLC bought a new position in Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 62,000 shares of the company’s stock, valued at approximately $386,000. Gator Capital Management LLC owned about 2.87% of Generation Income Properties at the end of the most recent reporting period. Institutional investors and hedge funds own 3.79% of the company’s stock.

About Generation Income Properties (NASDAQ:GIPR)

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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