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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 09, 2020 1:05am
129 Views
Post# 31860798

T.A. for IIPR fkr Friday;

T.A. for IIPR fkr Friday;IIPR consolidated on Friday after spiking up the 2 days prior, while stochastics & RSI are starting ro ger overbought but can stay overbought for a while. The stock price is parabolic though as it remains above the upper Bollinger Band & can't stay above it very long. Doesnt mean it cant do a Bollinger Band walk up for a while which would mean much higher prices ahead. OTOH there is a gap below, @ 136 1/2 to 140 that could fill but not guaranteed. It will fill if it gets to low 140's. IIPR is very volatile, not just for a REIT, but for any stock. So it could go above ATH of 160-ish to high 160's or drop sharply to fill the gap, or could consolidate above the gap prior to another runup. In any case, it probably will not stay above the upper BB very long cuz it's too parabolic. Oh, btw, IIPR no longer needs a secondary offering (which would cause a temporary drop in price), as it has just filed for a $500M ATM. It will be declaring its next dividend at the end of December.
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