Positive Press Coverage Somewhat Unlikely to Impact Innovative Industrial Properties (IIPR) Share Price

Media headlines about Innovative Industrial Properties (NASDAQ:IIPR) have trended positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Innovative Industrial Properties earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.1300195499192 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Innovative Industrial Properties (NASDAQ IIPR) traded down 1.91% during trading on Friday, hitting $16.70. The stock had a trading volume of 16,914 shares. The firm has a 50-day moving average price of $17.02 and a 200 day moving average price of $17.30. Innovative Industrial Properties has a 52 week low of $14.50 and a 52 week high of $20.52. The company’s market capitalization is $58.47 million.

In other news, VP Brian J. Wolfe sold 4,737 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $17.56, for a total value of $83,181.72. Following the completion of the sale, the vice president now owns 17,712 shares of the company’s stock, valued at approximately $311,022.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders bought 1,300 shares of company stock valued at $22,435.

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About Innovative Industrial Properties

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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