<div id="readability-page-1"><p>JPMorgan Chase &amp; Co. raised its stake in shares of  Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) by 17.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 178,271 shares of the company's stock after buying an additional 27,115 shares during the period. JPMorgan Chase &amp; Co. owned about 0.64% of Innovative Industrial Properties worth $9,844,000 at the end of the most recent quarter.</p><ul><li>The only 2 cannabis companies you need to own</li></ul><p>Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in  Innovative Industrial Properties by 4.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 40,220 shares of the company's stock valued at $2,221,000 after acquiring an additional 1,720 shares during the period.  Intech Investment Management LLC raised its position in shares of  Innovative Industrial Properties by 11.3% in the second quarter. Intech Investment Management LLC now owns 50,542 shares of the company's stock worth $2,791,000 after acquiring an additional 5,111 shares during the period.  Police &amp; Firemen s Retirement System of New Jersey boosted its stake in shares of  Innovative Industrial Properties by 8.2% during the 2nd quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 6,491 shares of the company's stock worth $358,000 after acquiring an additional 491 shares in the last quarter.  Geode Capital Management LLC grew its position in shares of  Innovative Industrial Properties by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 72,505 shares of the company's stock valued at $4,011,000 after acquiring an additional 1,324 shares during the period.  Finally, Allworth Financial LP increased its stake in shares of  Innovative Industrial Properties by 3,578.3% in the 2nd quarter. Allworth Financial LP now owns 1,692 shares of the company's stock valued at $93,000 after purchasing an additional 1,646 shares in the last quarter. Hedge funds and other institutional investors own  70.58% of the company's stock. </p><h2>Insider Activity at Innovative Industrial Properties</h2><p>In related news, Chairman Alan D. Gold purchased 2,600 shares of the company's stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $49.09 per share, for a total transaction of $127,634.00. Following the completion of the transaction, the chairman directly owned 2,600 shares of the company's stock, valued at approximately $127,634. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this link. Also, CFO David Jon Smith acquired 600 shares of Innovative Industrial Properties stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of $45.90 per share, for a total transaction of $27,540.00. Following the transaction, the chief financial officer owned 600 shares of the company's stock, valued at $27,540. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 4,200 shares of company stock worth $201,434. Insiders own  2.00% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Will This New Development Mean A Big Rally In Cannabis Stocks?</li></ul><p>A number of research firms recently weighed in on IIPR. Piper Sandler upped their price target on Innovative Industrial Properties from $43.00 to $44.00 and gave the stock an &#34;underweight&#34; rating in a report on Wednesday, November 5th. Weiss Ratings raised shares of Innovative Industrial Properties from a &#34;sell (d+)&#34; rating to a &#34;hold (c-)&#34; rating in a report on Monday, December 1st. One equities research analyst  has rated the stock with a Buy rating, six have issued  a Hold rating and two have issued  a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of &#34;Reduce&#34; and a consensus price target of $78.50.</p><p><b>View Our Latest Report on Innovative Industrial Properties</b></p><h2>Innovative Industrial Properties Trading Down 0.3%</h2><ul><li>3 Growing Cannabis Stocks Ready To Bloom</li></ul><p>Shares of IIPR opened at $49.97 on Tuesday. Innovative Industrial Properties, Inc. has a 52-week low of $44.58 and a 52-week high of $109.33. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average is $51.48 and its two-hundred day moving average is $53.79. The stock has a market cap of $1.40 billion, a PE ratio of 11.84 and a beta of 1.50. </p><p>Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last issued its earnings results on Monday, November 3rd. The company reported $1.71 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.02). The business had revenue of $64.69 million during the quarter, compared to analyst estimates of $63.72 million. Innovative Industrial Properties had a net margin of 45.80% and a return on equity of 6.77%. Innovative Industrial Properties's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share.  Research analysts forecast that  Innovative Industrial Properties, Inc. will post 8.28 earnings per share for the current fiscal year. </p><h2>Innovative Industrial Properties Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Innovative Industrial Properties's dividend payout ratio (DPR) is 180.09%. </p><h2>Innovative Industrial Properties Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Innovative Industrial Properties</li><li>Which Wall Street Analysts are the Most Accurate?</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>3 Stocks Most Likely to Split in 2026</li><li>How to Calculate Return on Investment (ROI)</li><li>ChargePoint's Comeback Story: Why This EV Stock Is Charging Up Again</li></ul><p><strong>Want to see what other hedge funds are holding IIPR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlJUFI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlJUFI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Innovative Industrial Properties Right Now?</h2><p>Before you consider Innovative Industrial Properties, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innovative Industrial Properties wasn't on the list.</p><p>While Innovative Industrial Properties currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>JPMorgan Chase & Co. increased its stake in Innovative Industrial Properties by 17.9% in Q2, owning 178,271 shares worth $9.84 million. Other hedge funds also modified their holdings. Insiders bought 4,200 shares worth $201,434. Analysts have mixed ratings, with a consensus price target of $78.50. IIPR shares opened at $49.97, with a market cap of $1.40 billion.</p>

Innovative Industrial Properties, Inc. $IIPR Shares Bought by JPMorgan Chase & Co.