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Friday, 01/06/2017 8:28:33 PM

Friday, January 06, 2017 8:28:33 PM

Post# of 513
$IIPR Quiet Period Will End on January 10th

https://baseballnewssource.com/markets/innovative-industrial-properties-incs-iipr-quiet-period-will-end-on-january-10th/329432.html

Innovative Industrial Properties’ (NASDAQ:IIPR) quiet period will end on Tuesday, January 10th. Innovative Industrial Properties had issued 3,350,000 shares in its IPO on December 1st. The total size of the offering was $67,000,000 based on an initial share price of $20.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Separately, Compass Point started coverage on Innovative Industrial Properties in a research note on Monday, December 12th. They set a “buy” rating and a $21.00 target price for the company.
Shares of Innovative Industrial Properties (NASDAQ:IIPR) opened at 18.83 on Thursday. The company’s 50-day moving average price is $17.61 and its 200 day moving average price is $17.61. The firm’s market cap is $9.57 million. Innovative Industrial Properties has a 1-year low of $15.45 and a 1-year high of $20.52.


In other news, Director Gary A. Kreitzer bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The shares were purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $500,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan D. Gold bought 200,600 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $4,012,000.00. Following the completion of the transaction, the insider now owns 300 shares in the company, valued at $6,000. The disclosure for this purchase can be found here.
Innovative Industrial Properties Company Profile
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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