In a report released today, Aaron Hecht from JMP Securities reiterated a Hold rating on Innovative Industrial Properties (IIPR – Research Report). The company’s shares closed yesterday at $105.30.
Hecht covers the Real Estate sector, focusing on stocks such as Sun Communities, LTC Properties, and Sabra Healthcare REIT. According to TipRanks, Hecht has an average return of 2.7% and a 51.91% success rate on recommended stocks.
In addition to JMP Securities, Innovative Industrial Properties also received a Hold from Piper Sandler’s Alexander Goldfarb in a report issued on May 9. However, on May 8, BTIG maintained a Buy rating on Innovative Industrial Properties (NYSE: IIPR).
IIPR market cap is currently $2.96B and has a P/E ratio of 18.32.
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Innovative Industrial Properties (IIPR) Company Description:
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
