Innovative Industrial Properties Inc. (NYSE:IIPR) traded today at a new 52-week high of $248.40. This new high was reached on below average trading volume as 50,000 shares traded hands, while the average 30-day volume is approximately 156,000 shares.
Innovative Industrial Properties Inc. (NYSE:IIPR) is currently priced 21.2% above its average consensus analyst price target of $194.35.
Over the past year, Innovative Industrial Properties Inc. has traded in a range of $108.50 to $248.40 and is now at $246.68, 127% above that low.
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.
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