Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) CEO David Sobelman purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $1.79 per share, for a total transaction of $17,900.00. Following the acquisition, the chief executive officer now owns 163,798 shares in the company, valued at $293,198.42. This trade represents a 6.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Generation Income Properties Stock Performance
NASDAQ:GIPR opened at $1.86 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. The company’s fifty day moving average price is $2.02 and its 200-day moving average price is $2.92. Generation Income Properties, Inc. has a 1-year low of $1.72 and a 1-year high of $4.64.
Institutional Trading of Generation Income Properties
A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC purchased a new position in Generation Income Properties, Inc. (NASDAQ:GIPR – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned approximately 0.53% of Generation Income Properties as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.
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