NEW YORK, NY / ACCESSWIRE / December 23, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIPR" or the "Company") (NYSE:IIPR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK CITY, NY / ACCESSWIRE / December 23, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Innovative Industrial Properties, Inc. ("IIPR" or "the Company") (NYSE:IIPR). Investors who purchased IIPR securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/IIPR.
LOS ANGELES, CA / ACCESSWIRE / December 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.
LOS ANGELES, CA / ACCESSWIRE / December 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.
IIPR's share have traded down since our last report, but we remain bearish due to its stretched valuation, which values the portfolio at a premium to higher qualty industrial REITs. While tenant credit quality has improved significantly, the SAFER Banking Act poses a risk to IIPR's business model and premium valuation. We maintain our Sell rating for the common shares, but upgrade the preferred shares to a Hold on valuation and falling rates.
Piper Sandler downgraded Innovative Industrial Properties to Underweight from Neutral with a price target of $70, down from $118, after the company announced PharmaCann defaulted on its obligations to pay December rent under six of its 11 leases. PharmaCann is Innovative's largest tenant, the analyst tells investors in a research note. The firm says that while Innovative's Q4 results should not be impacted as security deposits covered December rent, 17% delinquent rents is "concerning for the future." The default further displays need for consolidation the industry as there is too much capacity, contends Piper. Shares of Innovative Industrial are down 23%, or $21.73, to $73.88 in afternoon trading.
Piper Sandler downgraded Innovative Industrial Properties to Underweight from Neutral with a price target of $70, down from $118.
LOS ANGELES, CA / ACCESSWIRE / December 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.
Shares of Innovative Industrial Properties (IIPR -20.78%), the country's leading cannabis real estate investment trust (REIT), were taking a dive today after it announced that PharmaCann, one of its biggest tenants, was defaulting on all 11 of its leases.
PHILADELPHIA, PA / ACCESSWIRE / December 20, 2024 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Innovative Industrial Properties, Inc. ("Innovative Industrial" or "IIPR") (NYSE:IIPR) for potential violations of securities laws.
LOS ANGELES, CA / ACCESSWIRE / December 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.
LOS ANGELES, CA / ACCESSWIRE / December 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.