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Innovative Industrial Properties Inc IIPR

Alternate Symbol(s):  IIPR.PR.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. The Company acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 108 properties comprising 9.0 million square feet (including 722,000 rentable square feet under development/redevelopment) in 19 states, including 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 Operating Partnership, LP, Innovative Industrial Properties, LP, IIPR, Inc. and IIP-GP 2 LLC.


NYSE:IIPR - Post by User

Post by drbob512on Jul 09, 2020 8:16pm
123 Views
Post# 31248882

T.A. for IIPR Thurs:

T.A. for IIPR Thurs:IIPR was down another 2% to close @ 89 3/4, & closed weak 3 days in a row. Parabolic SAR @ 96.63 so still negative as is the daily stochastic @ 38% iirc, crossed down & may be headed for oversold condition @ 25% or lower, like it reached a couple wks ago. Support @ 85 needs to hold for bulls as 90 support failed. Still rated B & ST trend Down by Swingtradebot. Volume was light once again, as bears keep the ST pressure on bit not a rout by them so far. IIPR is at risk of making a lower high (101 then 97) & lower low if price falls below 85.42, but the latter isnt doomed to occur; as stock is close to oversold conditions on dailies, while weekly technical signals remain mostly positive.
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