Compass Point upgraded its rating of Innovative Ind Props IIPR to Buy with a price target of $175.00, changing its price target from $100.00 to $175.00.
Shares of Innovative Ind Props are trading up 9.53% over the last 24 hours, at $100.18 per share.
A move to $175.00 would account for a 74.69% increase from the current share price.
About Innovative Ind Props
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
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