Innovative Industrial Properties Inc (IIPR)

[wiredawg]

Projections??? its expensive...pretty much a momentum play at this point. At today's closing its a paltry 1.82% divy, so no bargain there.

I think the main catalyst that's moving this is; its really the only legitimate MJ REIT player on the market (NYSE). First to market, no real competition and all that jazz. And the management team seems to be doing things right for now.

I was shocked when it blew past $60. Next earnings date is 29 Mar and I'm sure they will announce ex-divy date soon, also.

Personally, I do think its expensive at these levels. I do think we are due for even more pullback (just a technical point of view). I would not be surprise to see it pullback to $65. And that's still a bit expensive. But with IIPR I do think many are willing to pay a premium for this stock in today markets. Its got a great head-start in what it does. And if they report great earnings I would not be surprised if this touches $100 by summer.