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Wall Street Thinks This 10.7%-Yielding Dividend Stock Could Soar 68%

Keith Speights, The Motley Fool
·3-min read
Wall Street Thinks This 10.7%-Yielding Dividend Stock Could Soar 68%

Innovative Industrial Properties (NYSE: IIPR) ranks as the first -- and so far only -- real estate investment trust (REIT) focused on the U.S. cannabis industry to list its shares on the New York Stock Exchange. When it comes to providing real estate capital to U.S. cannabis operators, no rival comes close to Innovative Industrial Properties (IIP). IIP leases these properties to cannabis operators, and the resulting payments have allowed the REIT to pay an attractive dividend and increase it by 620% over the last five years.

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