Renaissance Technologies LLC Invests $117,000 in Generation Income Properties, Inc. (NASDAQ:GIPR)

Renaissance Technologies LLC bought a new position in Generation Income Properties, Inc. (NASDAQ:GIPR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 & Exchange Commission.

Generation Income Properties Trading Up 3.0 %

Shares of GIPR stock opened at $2.05 on Monday. The business has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $3.30. Generation Income Properties, Inc. has a 12-month low of $1.93 and a 12-month high of $4.64. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 6.53. The firm has a market cap of $11.12 million, a P/E ratio of -0.80 and a beta of -0.13.

Generation Income Properties (NASDAQ:GIPR) last released its earnings results on Thursday, August 15th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.06. Generation Income Properties had a negative return on equity of 106.37% and a negative net margin of 89.09%. The company had revenue of $2.26 million during the quarter.

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.