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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 Nov 04, 2020 8:02pm
130 Views
Post# 31839917

T.A. for IIPR Wed:

T.A. for IIPR Wed:Daily stochastic is strongly crossed up @ 60% & Parabolic SAR turned bullish today by dropping below stock price, to 112, well below price of 133, so bulls have taken control. Also, after mkt close today, IIPR had blowout ER, which was one of the best IIPR has ever had. No Conf Call for this ER as their policy is to have Conf Calls after 2nd & 4th qtr repts. ATH of 139 1/2 is very likely to be tested in Nov and eventually (in late Nov or Dec ?) a blue sky breakout will take this to at least 150/sh. Then in late Dec a dividend hike will very likely occur. Other disruptive growth stocks that might be in rally mode are: IIPR CRWD FVRR U TDOC DOCU & growth stocks: AAPL AMZN GOOG FB. Buy dips may work for high relative strength stocks.
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