28-Mar-2024
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Innovative Industrial Properties Declares First Quarter 2024 Dividends
Business Wire (Fri, 15-Mar 7:00 AM ET)
Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results
Business Wire (Mon, 26-Feb 4:49 PM ET)
Innovative Industrial Properties to Report 2023 Fourth Quarter and Year-End Results
Business Wire (Thu, 8-Feb 7:00 AM ET)
Innovative Industrial Properties Announces Tax Treatment of 2023 Distributions
Business Wire (Fri, 26-Jan 5:29 PM ET)
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Innovative Ind Props trades on the NYSE stock market under the symbol IIPR.
As of March 28, 2024, IIPR stock price declined to $103.54 with 227,140 million shares trading.
IIPR has a beta of 1.83, meaning it tends to be more sensitive to market movements. IIPR has a correlation of 0.39 to the broad based SPY ETF.
IIPR has a market cap of $2.90 billion. This is considered a Mid Cap stock.
In the last 3 years, IIPR stock traded as high as $288.02 and as low as $63.36.
The top ETF exchange traded funds that IIPR belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.
IIPR has outperformed the market in the last year with a price return of +48.6% while the SPY ETF gained +33.6%. However, in the short term, IIPR had mixed performance relative to the market. It has underperformed in the last 3 months, returning +5.2% vs +10.1% return in SPY. But in the last 2 weeks, IIPR shares have fared better than the market returning +7.9% compared to SPY +1.7%.
IIPR support price is $102.60 and resistance is $106.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIPR stock will trade within this expected range on the day.