Innovative Industrial PropertiesIIPR
Market Cap: $3.42B
About: 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.
Employees: 22
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
34% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 35
26% more call options, than puts
Call options by funds: $54.6M | Put options by funds: $43.2M
3% more funds holding
Funds holding: 371 [Q1] → 383 (+12) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 121
5% more capital invested
Capital invested by funds: $2.05B [Q1] → $2.15B (+$98.7M) [Q2]
0.85% less ownership
Funds ownership: 70.16% [Q1] → 69.31% (-0.85%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target | 1%downside $120 | Neutral Maintained | 9 Aug 2024 |
Roth MKM Scott Fortune 45% 1-year accuracy 5 / 11 met price target | 16%upside $140 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 9 articles about IIPR published over the past 30 days