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-0.000198886237072355 -0.000795544948289561 0.00119331742243441 0.00447494033412891 0.00696101829753384 0.00696101829753384 0.00696101829753384 0.00696101829753384
Stock impact report

Innovative Industrial: Why I Am Downgrading It [Seeking Alpha]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Seeking Alpha
IIPR remains attractively valued, trading below tangible book (0.74x) and at 7x projected AFFO, but tenant financial health and maturing debt are risks. The 15.2% dividend yield is unsustainably high, with the payout exceeding AFFO; a cut may be likely and ultimately beneficial. IIPR preferred stock appears relatively safer and potentially attractive versus the common, given recent selloff and volume spike. Looking for a helping hand in the market? Members of 420 Investor get exclusive ideas and guidance to navigate any climate. Learn More » hiphoto40/iStock via Getty Images I reiterated my Strong Buy on Innovative Industrial Properties, Inc. ( IIPR ) in December, and it is slightly lower now, but I am downgrading it to Hold. I continue to view it as a More on my IG service 420 Investor launched in 2013, just ahead of Colorado legalizing for adult-use. We have moved the service to Seeking Alpha. Historically, we have provided great coverage of the sector with model port Show less Read more
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