Innovative Industrial Properties Stock News

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Shares of Innovative Industrial Properties, Inc. (NYSE:IIPR) have been given a consensus rating of Buy by the nine research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the []

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2021 dividend of $1.50 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share. Additionally,

Avitas Wealth Management LLC grew its stake in Innovative Industrial Properties, Inc. (NYSE:IIPR) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,682 shares of the companys stock after buying an additional 178 shares during the quarter. Avitas Wealth Management []

Cannabis REIT Innovative Industrial Properties, Inc. (NYSE: IIPR ) confirmed Tuesday that it has completed the $72.7 million acquisition of a portfolio of 27 properties in Colorado, Pennsylvania and North Dakota that are 100% leased for use as regulated cannabis dispensing, processing and/or cultivation facilities. This transaction represents an outstanding addition to our portfolio, and we are thrilled to continue to expand on our long-term real estate partnerships with Columbia Carem, Curaleaf and LivWell, in addition to welcoming Kaya Cannabis and Schwazze to our tenant roster, Paul Smithers , president and CEO of IIP stated. The purchase of Full story available on Benzinga.com

Innovative Industrial's (IIPR) expansion efforts are likely to help the REIT capitalize on the solid opportunities in its markets and boost its top line.

Innovative Industrial Properties has experienced rapid growth since their IPO in 2016. Their tenant base is well diversified among cannabis operators and across the country.

SAN DIEGO--(BUSINESS WIRE)---- $IIPR #Dividendstocks--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a portfolio of 27 properties in Colorado, Pennsylvania and North Dakota that are 100% leased for use as regulated cannabis dispensing, processing and/or cultivation facilities. The aggregate purchase price for the portfolio was approximatel

Private Advisor Group LLC grew its position in shares of Innovative Industrial Properties, Inc. (NYSE:IIPR) by 19.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,458 shares of the company’s stock after buying an additional 240 shares during the quarter. […]

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Analysts forecast that Innovative Industrial Properties, Inc. (NYSE:IIPR) will report earnings of $1.92 per share for the current quarter, Zacks reports. Two analysts have made estimates for Innovative Industrial Properties earnings. Innovative Industrial Properties reported earnings per share of $1.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 48.8%. []