西格瑪規劃公司增持創新工業地產公司(紐約證券交易所代碼：IIPR)

Sigma Planning Corp grew its holdings in shares of Innovative Industrial Properties, Inc. (NYSE:IIPR – Get Rating) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,653 shares of the company's stock after buying an additional 170 shares during the quarter. Sigma Planning Corp's holdings in Innovative Industrial Properties were worth $1,161,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IIPR. Royal Bank of Canada raised its position in shares of Innovative Industrial Properties by 41.9% during the 3rd quarter. Royal Bank of Canada now owns 13,853 shares of the company's stock valued at $3,202,000 after acquiring an additional 4,092 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Innovative Industrial Properties by 16.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,837 shares of the company's stock valued at $1,349,000 after acquiring an additional 840 shares in the last quarter. IFP Advisors Inc raised its position in shares of Innovative Industrial Properties by 18.0% during the 4th quarter. IFP Advisors Inc now owns 1,324 shares of the company's stock valued at $349,000 after acquiring an additional 202 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Innovative Industrial Properties by 11.1% during the 4th quarter. Wedbush Securities Inc. now owns 4,590 shares of the company's stock valued at $1,207,000 after acquiring an additional 458 shares in the last quarter. Finally, Advance Capital Management Inc. acquired a new stake in shares of Innovative Industrial Properties during the 4th quarter valued at approximately $210,000. Institutional investors own 66.91% of the company's stock.

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Several equities research analysts have weighed in on IIPR shares. JMP Securities dropped their target price on Innovative Industrial Properties from $300.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday, June 2nd. StockNews.com started coverage on Innovative Industrial Properties in a research report on Thursday, March 31st. They issued a "hold" rating on the stock. Craig Hallum raised Innovative Industrial Properties from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Monday, May 9th. Piper Sandler dropped their target price on Innovative Industrial Properties to $160.00 in a research report on Monday. Finally, BTIG Research reaffirmed a "buy" rating and issued a $290.00 target price on shares of Innovative Industrial Properties in a research report on Friday, April 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Innovative Industrial Properties currently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

Shares of IIPR opened at $111.94 on Tuesday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 23.18 and a beta of 1.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 28.15 and a current ratio of 28.15. Innovative Industrial Properties, Inc. has a one year low of $107.00 and a one year high of $288.02. The stock's fifty day moving average is $128.69 and its 200-day moving average is $175.34.

Innovative Industrial Properties (NYSE:IIPR – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.91 by ($0.59). The business had revenue of $64.50 million for the quarter, compared to analyst estimates of $63.19 million. Innovative Industrial Properties had a net margin of 54.43% and a return on equity of 7.91%. Innovative Industrial Properties's revenue for the quarter was up 50.4% on a year-over-year basis. During the same period last year, the business posted $1.47 earnings per share. Analysts forecast that Innovative Industrial Properties, Inc. will post 7.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Wednesday, June 29th. Innovative Industrial Properties's dividend payout ratio (DPR) is 144.93%.

About Innovative Industrial Properties (Get Rating)

Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

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