Innovative Industrial Properties: Very Close To A Buy, But Be Patient


  • Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT.
  • The recent King Garden debacle also sent further shockwaves to an already hammered stock. But we believe most of IIPR's headwinds seem to be priced in, given its massive drawdown.
  • However, we have yet to observe constructive bottoming signals on its long-term charts. Therefore, we urge investors to be patient and not attempt to front-run the market.
  • We rate IIPR as a Hold for now. We are leaning increasingly bullish and will reassess our rating if we observe a robust consolidation zone moving forward.
  • I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

CBD Beautiful background green cannabis flowers.Cannabis Sativa Leaves On Dark - Medical Legal Marijuana.cbd oil - medical marijuana concept,alternative herb medicine.

IURII BUKHTA/iStock via Getty Images


Leading cannabis REIT, Innovative Industrial Properties, Inc. (NYSE:IIPR) has seen its stock getting massacred since it staged its double top bull trap (indicating the market decisively rejected further buying upside) in November 2021, in line with

IIPR revenue change % and AFFO/share change % consensus estimates

IIPR revenue change % and AFFO/share change % consensus estimates (S&P Cap IQ)

IIPR price chart (monthly)

IIPR price chart (monthly) (TradingView)

IIPR NTM valuation metrics

IIPR NTM valuation metrics (TIKR)

Do you want to buy only at the right entry points for your growth stocks?

We help you to pick lower-risk entry points, ensuring you are able to capitalize on them with a higher probability of success and profit on their next wave up. Your membership also includes:

  • 24/7 access to our model portfolios

  • Daily Tactical Market Analysis to sharpen your market awareness and avoid the emotional rollercoaster

  • Access to all our top stocks and earnings ideas

  • Access to all our charts with specific entry points

  • Real-time chatroom support

  • Real-time buy/sell/hedge alerts

Sign up now for a Risk-Free 14-Day free trial!

This article was written by

JR Research profile picture
Sifting through the ultimate growth stocks for your portfolio

JR research was featured as one of Seeking Alpha's leading contributors in 2022. See:

Unlock the key insights to growth investing with JR Research - led by founder and lead writer JR. Our dedicated team is focused on providing you with the clarity you need to make confident investment decisions.

Transform your investment strategy with our popular Investing Groups service. 

Ultimate Growth Investing specializes in a price action-based approach to uncovering the opportunities in growth and technology stocks, backed by actionable fundamental analysis. We believe price action is a leading indicator. 

Price action analysis is a powerful and versatile toolkit for the informed investor because it can be used to analyze any publicly traded security. As such, it offers investors with invaluable insights into understanding market behavior and sentiments. 

Plus, stay ahead of the game with our general stock analysis across a wide range of sectors and industries. 

Improve your returns and stay ahead of the curve with our short- to medium-term stock analysis. 

We not only identify long-term potential but also seize opportunities to profit from short-term market swings, using a combination of long and short set-ups. 

Join us and start seeing experiencing the quality of our service today.

My LinkedIn:

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (13)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.