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Innovative Industrial Properties, Inc. (NYSE:IIPR) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On November 5, Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on Innovative Industrial Properties, Inc. (NYSE:IIPR) to $44 from $43 while maintaining an Underweight rating, as reported by The Fly. The analyst continued to express caution regarding the company’s investment in privately held life science developer IQHQ, noting that both sectors are still facing challenges related to overcapacity.
In its third-quarter 2025 update, the company mentioned that it finalized its initial investment in IQHQ, a leading life science real estate platform that broadens IIP’s portfolio diversification and is expected to add meaningful earnings growth for shareholders.
Innovative Industrial Properties, Inc. (NYSE:IIPR) reported total revenue of $64.7 million for the third quarter, up 3% from the previous quarter. The increase was mainly driven by a $0.8 million payment received from the Gold Flora receivership and annual rent escalations across its property portfolio. The company also reported maintaining a strong financial position, with $2.7 billion in mostly unencumbered assets, around $80 million in liquidity, and a newly secured $100 million revolving credit facility to fund the IQHQ investment.
Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust (REIT) focused on acquiring, owning, and managing specialized industrial facilities leased to state-licensed operators in the regulated cannabis industry.
While we acknowledge the potential of IIPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Overlooked Dividend Stocks to Buy Right Now
Disclosure: None.
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