|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's range||133.05 - 139.69|
|52-week range||121.03 - 288.02|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||30.62|
|Earnings date||22 Feb 2022 - 28 Feb 2022|
|Forward dividend & yield||7.00 (5.52%)|
|Ex-dividend date||30 Mar 2022|
|1y target est||242.71|
SAN DIEGO, May 16, 2022--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property comprising approximately 104,000 square feet of industrial space in Taunton, Massachusetts.
Innovative Industrial Properties (IIP) (NYSE: IIPR) is the top cannabis real estate investment trust, using sale-leaseback deals to acquire and rent industrial properties to existing, licensed medical marijuana operators. It's been one of the top-performing REITs of the past five years. Here's what investors need to know.
To get passive income from your investments, you'll need to pick companies that are both consistently profitable and competing in a niche that isn't changing very much over time. While passive income stocks often underperform the market because they tend to be slower-growing, there are a couple of opportunities out there that might not lose out by as much as some of their peers. Let's investigate two such passive income stocks that grow a little bit faster than the category's norm as a result of their work with companies in the cannabis industry.