Innovative Industrial Properties Inc. (NYSE:IIPR) traded today at a new 52-week high of $236.92. Approximately 71,000 shares have changed hands today, as compared to an average 30-day volume of 186,000 shares.
In the past 52 weeks, Innovative Industrial Properties Inc. share prices are bracketed by a low of $108.50 and a high of $236.92 and is now at $233.37, 115% above that low price.
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.
Based on a current price of $233.37, Innovative Industrial Properties Inc. is currently 19.5% above its average consensus analyst price target of $187.85.
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