Originally published on Best Stocks Category: best stocks to buy now The equity analysts at Roth Capital decreased their target price for Innovative Industrial Properties (NYSE: IIPR) from $190.00 to $170.00 in a research report given to clients and investors on Wednesday. The target price suggested by Roth Capital indicates a potential gain 59.21% higher than the most recent price at which the stock was traded.Analysts from a wide variety of firms have recently been examining the company’s share price. Piper Sandler rated Innovative Industrial Properties as “overweight” in a research report released on Friday, October 7, and dropped their target price on company shares from $135.00 to $117.00. Piper Sandler’s report was published on the company’s website. The company was the focus of the study. The rating for Innovative Industrial Properties shares that were previously listed on StockNews.com as “hold” has been changed to a “sell” rating in a research report published on Thursday, November 3, by StockNews.com. In a research note published on Friday, July 15, BTIG Research reported that they have lowered their “buy” rating on shares of Innovative Industrial Properties from $290.00 to $248.00 and that they have lowered their price target on those shares from $290.00 to $248.00. In a research note published on Tuesday, July 19, JMP Securities lowered their “market outperformed” rating on shares of Innovative Industrial Properties from $190.00 to $150.00 and decreased their price target on those shares from $190.00 to $150.00. These moves came after JMP Securities lowered their price target on those shares from $190.00 to $150.00. TheStreet lowered their recommendation on shares of Innovative Industrial Properties from a “b-” rating to a “c+” rating in a research report published on Monday, July 25. The report was on “Innovative Industrial Properties.” There are currently five research analysts in favor of purchasing the stock, one in favor of keeping the stock, and one in favor of selling the stock. According to Bloomberg, the company’s stock is currently rated as having a consensus rating of “Moderate Buy,” It also has an average price objective of $164.17.Wednesday marked the first day of trading for the NYSE: IIPR, which opened for $106.78. This corporation has a price-to-earnings ratio of 20.93, a beta value of 1.59, and a market capitalization of $2.99 billion. The stock’s simple moving average over the past 50 days is $95.84, and its simple moving average over the past 200 days is $108.53. The ratio of debt to equity is 0.15, which results in a quick ratio of 55.21, a current ratio of 24.10, and a debt-to-equity ratio of 0.15. The quick ratio is the most important of these three ratios. Over the past 52 weeks, the price of Innovative Industrial Properties has fluctuated between $87.47 and $288.02, reaching a low of $87.47 and a high of $288.02.Recently, hedge funds have been very active, engaging in both the purchase and sale of shares of the companies in which they invest. During the first three months of 2018, State Street Corporation was able to amass an additional 14.8% of innovative industrial properties as a percentage of its total property holdings. Following the acquisition of an additional 189,733 shares during the most recent quarter, the total number of shares that State Street Corp. owns is now 1,468,375. These shares have a value of $304,125,000. Vanguard Group Inc. made a 4.7% increase in the proportion of its portfolio comprised of innovative industrial properties over the first quarter. Following the acquisition of 179,840 shares during the period in question, Vanguard Group Inc. now possesses a total of 3,989,218 shares of the company’s stock. The current market price for these shares is $819,386,000. The amount of $15,047,000 was invested in Innovative Industrial Properties by Captrust Financial Advisors during the second quarter of the year. Finally, BlackRock Inc. increased the proportion of innovative industrial properties that it held by 2.1% over the first three months of 2018. BlackRock Inc. now holds 4,381,568 shares of the company’s stock following the acquisition of an additional 88,787 shares during the period in question. The stock is currently estimated to be worth $899,975,000. Peregrine Capital Management LLC spent $9,677,000 during the second quarter to acquire a new interest in Innovative Industrial Properties. This acquisition was made possible thanks to the sale of an existing interest. This concludes the news, but it isn’t the least important part. Institutional investors and hedge funds collectively hold a stake in the company equal to 76.07% of the total number of shares outstanding.Innovative Industrial Properties, Inc. is a company with its headquarters in Maryland that is devoted to acquiring, owning, and managing properties that are truly unique in some way. These properties are rented out to operators with the necessary knowledge and are licensed by the state to use them for their regulated cannabis facilities for medical use. Innovative Industrial Properties, Inc. concluded that it would be more beneficial to be taxed as a real estate investment trust beginning with the fiscal year ending on December 31, 2017, and continuing forward. This decision was made because Innovative Industrial Properties, Inc. concluded that it would be more advantageous for it to be taxed as a