Why Marijuana Stock Innovative Industrial (IIPR) Fell 16% in August [The Motley Fool]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: The Motley Fool
Why Marijuana Stock Innovative Industrial (IIPR) Fell 16% in August This dividend-paying cannabis stock is up more than 96% in 2019, making last month's pullback just a bump in the road. Shares of Innovative Industrial Properties ( NYSE:IIPR ) declined 15.6% in August, according to data from S&P Global Market Intelligence . The stock's return was also negative 15.6%, since no dividends were paid during the month. The San Diego-based company is a real estate investment trust (REIT) focused on properties used for growing and processing cannabis in U.S. states where marijuana is legal for medical use. For context, the S&P 500 , including dividends, fell 1.6% last month. We can attribute Innovative Industrial stock's poor performance in August to weakness in the overall cannabis sector rather than to any company-specific news. Last month, for instance, shares of Canadian growers Canopy Growth , Aurora Cannabis , and Cronos -- the three biggest cannabis grower stocks by market cap -- drop
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IIPR
News
- Innovative Industrial Properties, Inc. (NYSE: IIPR) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $70.00 price target on the stock, down previously from $118.00.MarketBeat
- The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law ViolationsAccesswire
- Innovative Industrial Properties, Inc. Is Being Investigated For Securities Fraud And Investors With Losses Are Urged To Contact Kehoe Law Firm, P.C. - IIPR Accesswire
- Innovative Industrial Properties, Inc. (NYSE: IIPR) was downgraded by analysts at Compass Point from a "buy" rating to a "neutral" rating. They now have a $78.00 price target on the stock, down previously from $125.00.MarketBeat
- Innovative Industrial Properties Reports Default by PharmaCann on All Leases [Yahoo! Finance]Yahoo! Finance
IIPR
Earnings
- 11/6/24 - Miss
IIPR
Sec Filings
- 12/20/24 - Form 8-K
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- IIPR's page on the SEC website