Maxim Group analyst Michael Diana reiterated a Buy rating on Generation Income Properties (GIPR – Research Report) yesterday and set a price target of $11.00. The company’s shares closed last Wednesday at $6.80, close to its 52-week low of $6.65.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 17.5% and a 57.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Manhattan Bridge Capital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Generation Income Properties with a $11.00 average price target.
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Based on Generation Income Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $877.6K and GAAP net loss of $282.6K. In comparison, last year the company had a net profit of $0.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GIPR in relation to earlier this year.
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Generation Income Properties Inc is an internally managed company with the objective to acquire and own, directly or jointly, real estate investments focused on retail, office and industrial net lease properties located in several United States cities.
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