News headlines about Innovative Industrial Properties (NASDAQ:IIPR) have trended positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Innovative Industrial Properties earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8829577904991 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts recently weighed in on IIPR shares. Zacks Investment Research lowered shares of Innovative Industrial Properties from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Innovative Industrial Properties in a research note on Friday, October 20th.
Shares of Innovative Industrial Properties (NASDAQ IIPR) traded up $0.03 on Tuesday, hitting $19.69. 15,194 shares of the stock traded hands, compared to its average volume of 33,146. Innovative Industrial Properties has a 1-year low of $14.50 and a 1-year high of $20.52.
Innovative Industrial Properties (NASDAQ:IIPR) last announced its earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Innovative Industrial Properties had a negative net margin of 32.74% and a negative return on equity of 2.91%. The business had revenue of $1.56 million for the quarter.
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About Innovative Industrial Properties
Innovative Industrial Properties, Inc is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases.
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