Streetbeat News

IIPR

Innovative Industrial Properties, Inc.

https://www.innovativeindustrialproperties.com

Industry

REIT - Industrial

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Open

110.50

Mkt cap

Volume

600K

High

112.65

P/E Ratio

18.69

52-wk high

138.35

Low

105.17

Div yield

0.07

52-wk low

73.04

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

Piper Sandler analyst Alexander Goldfarb maintains a Neutral rating on Innovative Industrial Properties (NYSE:IIPR) and raises the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:10 pm

Innovative Industrial Properties, Inc. (NYSE:IIPR) reported its Q2 2024 financial results, highlighting a 4% revenue increase to $79.8 million, a 4.4% dividend boost to $1.90 per share, and portfolio expansions. The company maintains a strong balance sheet with $2.6 billion in assets and an 11% debt ratio.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:00 pm

Innovative Industrial Properties (NYSE:IIPR) reported Q2 2024 earnings per share of $2.29, beating the analyst estimate of $2.22 by 3.15%. The company also reported sales of $79.793 million, surpassing the estimate of $77.712 million by 2.68%. This represents a 4.36% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:38 pm

The article reports on the significant gainers and losers among cannabis stocks on August 5, 2024. Notable gainers include Greenlane Holdings (NASDAQ:GNLN) with a 675.28% increase, and notable losers include Heritage Cannabis Holding (OTC:HERTF) with a 33.33% decrease.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 8:30 pm

On August 2, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CordovaCann, CNBX Pharmaceuticals, Urban-gro, Zelira Therapeutics, Greenlane Holdings, Psychemedics, cbdMD, and others. Conversely, Elixinol Wellness, Affinor Growers, Pharmadrug, Kaya Holdings, 4Front Ventures, and several other stocks saw declines.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:30 pm

Cannabis stocks and ETFs saw significant movement following President Joe Biden's announcement that he will not seek re-election. Key stocks like Aurora Cannabis, Village Farms International, Tilray Brands, and SNDL experienced notable gains. Multi-state operators and cannabis ETFs also saw positive performance.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 10:12 pm

Cannabis stocks experienced significant volatility following President Joe Biden's announcement that he will not seek re-election. Some stocks surged while others plummeted, reflecting investor sentiment and market speculation about future regulatory changes. Cannabis ETFs also showed mixed performance, indicating cautious optimism among investors.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 6:12 pm

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