|Bid||0.00 x 1200|
|Ask||100.00 x 1200|
|Day's range||93.01 - 97.64|
|52-week range||87.47 - 288.02|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||19.19|
|Earnings date||01 Nov 2022 - 07 Nov 2022|
|Forward dividend & yield||7.20 (7.90%)|
|Ex-dividend date||29 Sept 2022|
|1y target est||161.83|
Innovative Industrial Properties (NYSE: IIPR) is the first publicly traded company on the New York Stock Exchange to provide capital to cannabis companies through leasebacks. Operating as a real estate investment trust (REIT), it provides capital to companies that usually can't get traditional financing because of federal laws regarding cannabis.
These supercharged income stocks, with yields ranging from 8% to 9.3%, are ripe for the picking by opportunistic investors.
Few industries can match the long-term growth catalysts of the cannabis industry. And these two companies are the most established landlords in the industry.