|Bid||255.00 x 1000|
|Ask||256.47 x 1200|
|Day's range||252.68 - 260.11|
|52-week range||112.25 - 260.11|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||63.71|
|Earnings date||02 Nov 2021 - 08 Nov 2021|
|Forward dividend & yield||6.00 (2.44%)|
|Ex-dividend date||29 Sept 2021|
|1y target est||257.71|
To earn $1,000 in dividend income on a $10,000 investment, you need one of two things: a high-yielding stock or some patience. Innovative Industrial doubled sales last quarter to $48.9 million, and with profit margins of more than 50%, investors can be confident the company's profit will only get stronger as its business expands.
The ups and downs in the marijuana sector make investors skeptical to invest in pot stocks. This makes it easier for Innovative Industrial Properties (NYSE: IIPR) to attract investors by allowing them unconventional access to the cannabis sector. It is a real estate investment trust that provides real estate solutions to medical cannabis companies.
SAN DIEGO, October 19, 2021--Innovative Industrial Properties, Inc. ("IIP") (NYSE: IIPR) today announced that its operating partnership, IIP Operating Partnership, LP, has completed its exchange offer for its unregistered 5.50% Senior Notes due 2026. These notes were originally issued on May 25, 2021 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, in an aggregate principal amount of $300,000,000. The terms of the new series of notes are