Versor Investments LP Has $749,000 Stake in Innovative Industrial Properties, Inc. (NYSE:IIPR)

Versor Investments LP increased its position in shares of Innovative Industrial Properties, Inc. (NYSE:IIPRFree Report) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,431 shares of the company’s stock after purchasing an additional 1,520 shares during the period. Versor Investments LP’s holdings in Innovative Industrial Properties were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IIPR. Charles Schwab Investment Management Inc. lifted its holdings in shares of Innovative Industrial Properties by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 378,945 shares of the company’s stock worth $38,205,000 after buying an additional 15,445 shares in the last quarter. Northern Trust Corp boosted its holdings in Innovative Industrial Properties by 8.6% in the 3rd quarter. Northern Trust Corp now owns 358,166 shares of the company’s stock valued at $27,099,000 after purchasing an additional 28,403 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Innovative Industrial Properties during the 4th quarter worth approximately $14,952,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Innovative Industrial Properties by 187.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 108,195 shares of the company’s stock worth $8,186,000 after purchasing an additional 70,612 shares during the period. Finally, American Assets Capital Advisers LLC acquired a new stake in shares of Innovative Industrial Properties in the third quarter valued at approximately $7,347,000. 70.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on Innovative Industrial Properties from $85.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th.

Check Out Our Latest Stock Analysis on Innovative Industrial Properties

Innovative Industrial Properties Price Performance

IIPR stock traded down $0.38 during mid-day trading on Friday, hitting $104.43. The stock had a trading volume of 163,119 shares, compared to its average volume of 230,834. The firm has a fifty day simple moving average of $100.27 and a 200 day simple moving average of $92.93. Innovative Industrial Properties, Inc. has a 52 week low of $65.16 and a 52 week high of $111.71. The company has a current ratio of 14.27, a quick ratio of 14.22 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.94 billion, a P/E ratio of 18.32 and a beta of 1.48.

Innovative Industrial Properties (NYSE:IIPRGet Free Report) last issued its earnings results on Monday, February 26th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.62). Innovative Industrial Properties had a net margin of 53.07% and a return on equity of 8.46%. The business had revenue of $79.16 million during the quarter, compared to analyst estimates of $76.55 million. As a group, research analysts forecast that Innovative Industrial Properties, Inc. will post 8.49 EPS for the current year.

Innovative Industrial Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.82 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 6.97%. Innovative Industrial Properties’s dividend payout ratio (DPR) is currently 127.72%.

About Innovative Industrial Properties

(Free Report)

Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

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Institutional Ownership by Quarter for Innovative Industrial Properties (NYSE:IIPR)

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