22,234 Shares in Innovative Industrial Properties, Inc. (NYSE:IIPR) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new stake in Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,234 shares of the company's stock, valued at approximately $1,482,000. Capital Fund Management S.A. owned 0.08% of Innovative Industrial Properties as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new position in shares of Innovative Industrial Properties in the 4th quarter valued at $27,000. Compass Financial Services Inc purchased a new stake in shares of Innovative Industrial Properties during the fourth quarter worth about $32,000. Smartleaf Asset Management LLC boosted its stake in Innovative Industrial Properties by 182.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 646 shares of the company's stock worth $43,000 after buying an additional 417 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Innovative Industrial Properties during the 4th quarter valued at $50,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Innovative Industrial Properties during the 4th quarter worth approximately $57,000. 70.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IIPR has been the subject of several research reports. Alliance Global Partners lowered shares of Innovative Industrial Properties from a "strong-buy" rating to a "hold" rating in a report on Monday, December 23rd. Compass Point restated a "sell" rating and set a $50.00 price target (down from $60.00) on shares of Innovative Industrial Properties in a report on Monday, March 31st. Industrial Alliance Securities reissued a "neutral" rating on shares of Innovative Industrial Properties in a report on Tuesday, April 1st. BTIG Research lowered shares of Innovative Industrial Properties from a "buy" rating to a "neutral" rating in a research report on Monday, December 23rd. Finally, Roth Mkm lowered their target price on shares of Innovative Industrial Properties from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Innovative Industrial Properties presently has an average rating of "Hold" and a consensus price target of $83.00.

Innovative Industrial Properties Stock Down 2.1 %

Innovative Industrial Properties stock traded down $1.11 during mid-day trading on Monday, reaching $50.50. The stock had a trading volume of 26,763 shares, compared to its average volume of 270,139. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.11 and a beta of 1.59. The company has a 50-day moving average price of $63.72 and a two-hundred day moving average price of $85.58. Innovative Industrial Properties, Inc. has a one year low of $45.44 and a one year high of $138.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.22 EPS for the quarter, hitting analysts' consensus estimates of $2.22. The company had revenue of $76.74 million for the quarter, compared to analysts' expectations of $76.21 million. Innovative Industrial Properties had a return on equity of 8.39% and a net margin of 52.40%. On average, analysts expect that Innovative Industrial Properties, Inc. will post 8.28 EPS for the current fiscal year.

Innovative Industrial Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 15.05%. The ex-dividend date of this dividend was Monday, March 31st. Innovative Industrial Properties's dividend payout ratio is currently 137.43%.

Insiders Place Their Bets

In other news, Director David Stecher sold 7,599 shares of Innovative Industrial Properties stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $70.55, for a total value of $536,109.45. Following the sale, the director now directly owns 1,346 shares of the company's stock, valued at $94,960.30. The trade was a 84.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company's stock.

About Innovative Industrial Properties

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.