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IIPR

Innovative Industrial Properties

$188.78 /

+6.52 (+3.58%)

08:37
12/18/20
12/18
08:37
12/18/20
08:37

Innovative Industrial price target raised to $220 from $180 at Compass Point

Compass Point analyst Merrill Ross raised the firm's price target on Innovative Industrial Properties to $220 from $180 and keeps a Buy rating on the shares. The stock now trades at a 20% premium to current estimated net asset value, Ross tells investors in a research note. The recent election ballot initiatives created a "green wave" that now allows medical cannabis use in 36 states, up from 33 previously, and adult use in 15 states, up from 11 previously, the analyst points out. Innovative Industrial provides capital to the regulated cannabis industry that remains largely unbankable, says Ross.

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IIPR Innovative Industrial Properties
$188.78 /

+6.52 (+3.58%)

11/09/20 Craig-Hallum
Innovative Industrial Properties price target raised to $170 from $125 at Craig-Hallum
11/06/20 JMP Securities
Innovative Industrial Properties price target raised to $185 from $140 at JMP Securities
11/05/20 Roth Capital
Innovative Industrial Properties price target raised to $160 from $150 at Roth Capital
09/18/20 Roth Capital
Innovative Industrial Properties price target raised to $150 from $125 at Roth Capital

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