IIPR Trade-Idea

IIPR Trade-Idea

 San Diego-based Innovative Industrial Properties provides real estate capital for the medical-use cannabis industry. According to the company’s website, its strategy “is to act as a source of capital to these licensed medical-use cannabis growers by acquiring and leasing back their real estate locations.” The REIT has a 2.8% annualized yield. Read more here

 

Last 4qtrs eps; +119%,+153%,+270%,+289%. Sales last 4qtrrs; +613%,+114%,+157%,+152%. The stock has formed a cup & handle, it has tightened up last few days, it printed an inside day yesterday. I have an interest in $IIPR for a trade if and only if it can get through yesterday high ($51.27).

#IBDPartner

 

By |2018-12-13T14:07:46+00:00December 13, 2018 2:06 pm|

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