Originally published on Best Stocks Category: best stocks to buy nowInnovative Industrial Properties, Inc. (NYSE: IIPR) shares have earned an average recommendation of “Moderate Buy” from the nine brokerages following the stock, as reported by Bloomberg Ratings. This rating was given to the stock by Bloomberg Ratings. Only two analysts think that the stock should be kept, while the other four think it should be bought. The average price estimate for the next 12 months that brokers that updated their coverage on the stock within the past year have set for the stock is $166.67.Several papers written by research analysts have concentrated on IIPR. StockNews.com modified its recommendation for Innovative Industrial Properties from “sell” to “hold” in a report on the company’s market performance that was issued on Friday, November 11. Piper Jaffray lowered their price target on Innovative Industrial Properties from $135.00 to $117.00 and gave the company an “overweight” rating in a research report published on Friday, October 7. The price target that Craig Hallum has set for Innovative Industrial Properties has been increased to $140.00, as stated in a research report published on November 16. Roth Capital lowered its price objective on Innovative Industrial Properties from $190.00 to $170.00 in a research report that was published on Wednesday, November 9. Finally, in a research report published on Monday, September 19, Compass Point raised their price objective for Innovative Industrial Properties from $100.00 to $175.00 and upgraded the company from a “neutral” rating to a “buy” recommendation.Several significant investors bought and sold business stock during the most recent period. The Teachers Retirement System of Kentucky invested about $665,000 in purchasing a new interest in Innovative Industrial Properties during the third quarter of this fiscal year. Sunbelt Securities Inc. reported a 76.1% increase in its shares of Innovative Industrial Properties after the company’s third-quarter earnings report. As a result of the acquisition of an additional 4,317 shares over the time frame in question, Sunbelt Securities Inc. now holds a total of 9,993 shares of the company’s stock, which has a value of $884,000. The California State Teachers Retirement System bought an additional 3.5% of Innovative Industrial Properties during the third quarter to bolster its holdings in the company. The California State Teachers Retirement System now owns 35,036 shares of the company’s stock after purchasing an additional 1,199 shares. The value of the system’s holdings in the company’s stock is approximately $3,101.00. The percentage of Innovative Industrial Properties in which Montchanin Asset Management LLC has a holding climbed by 3.6% during the third quarter. After making further purchases during the time frame in question, Montchanin Asset Management LLC now holds 6,355 shares of the company’s stock, which are currently valued at $562,000; at the end of the third quarter, Liberty One Investment Management LLC made a new investment in Innovative Industrial Properties by purchasing a position there for close to $119,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.The opening price of the NYSE IIPR on Wednesday was $117.38. The price of Innovative Industrial Properties has ranged from a low of $87.47 to a high of $270.86 over the past 52 weeks. The company’s simple moving average for the past 50 days is $100.07, and the simple moving average for the past 200 days is $106.16. There is 0.15 debt to equity, 24.10 for the quick ratio, 24.10 for the current ratio, and 24.10 for the quick ratio. The company has a price-to-earnings ratio of 22.57, and its beta value is 1.59. The market capitalization of the company is $3.28 billion.The financial results for Innovative Industrial Properties (NYSE: IIPR) were released on November 2. Earnings per share for the firm came in at $1.32 for the quarter, which was $0.60 less than the consensus estimate of $1.92. The net margin for Innovative Industrial Properties was 53.43 percent, and the company’s return on equity was 7.92 percent. The revenue for the quarter came in at $70.88 million, which is significantly more than the forecast of $68.60 million that was widely circulated. The current fiscal year is expected to result in Innovative Industrial Properties generating earnings of $7.71 per share for its shareholders.In addition, the corporation announced and distributed a quarterly dividend on October 14, a Friday. On Friday, October 1, dividends of $1.80 per share were distributed to stockholders on record as of the previous Friday, September 30. This translates to a dividend payment of $7.20 per year, which results in a dividend yield of 6.13%. The previous quarterly dividend that Innovative Industrial Properties paid out was $1.75, representing an increase from that amount. The ex-dividend date was September 29, which was a Thursday. At the moment, Innovative Industrial Properties has a dividend payout ratio (DPR) of 138.46%.Innovative Industrial Properties, Inc. is a Maryland-based corporation specializing in acquiring, owning, and managing specialized properties. These properties are leased to seasoned, state-licensed cannabis operators for their regulated medical-use cannabis facilities by Innovative Industrial Properties, Inc. Innovative Industrial Properties, Inc. made the decision to start being taxed as a real estate investment trust beginning with the fiscal year that concluded on December 31, 2017, and this decision took effect immediately.