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Innovative Industrial Properties Inc IIPR

Alternate Symbol(s):  IIPR.P.A

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.


NYSE:IIPR - Post by User

Post by drbob512on Jun 23, 2020 5:38pm
95 Views
Post# 31183161

T.A. for IIPR for Tues:

T.A. for IIPR for Tues:IIPR today achieved the Golden Cross, a major Intermed Term bullish signal, whereby the 50dma crossed up over the 200dma. That doesnt mean the stock will automatically rise in the very ST cuz it isnt a ST signal & usually a stock has to rally pretty good in order to get high enough for the 50 to rise above the 200 so a breather can happen before the reinstating the uptrend. IIPR has a B rating & has consolidated betw 95 & 101 the past wk & could consolidate a bit longer, just like LVGO did before breaking out. Difference is when IIPR breaks above 101 & 108 resistance, it won't be a blue sky breakout cuz it traded many days from 100 to 139 since 2019; IIPR isnt close to ATH. Daily parabolic SAR is at 89, a must hold level. Volume has been very light past 2 sessions and narrow ranges too so very soon it will break out above 98 or below 95. Still waiting for DionyMed to be replaced by new tenant: a potential catalyst.
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