Joel Isaacson & Co. LLC held its stake in shares of Innovative Industrial Properties Inc (NASDAQ:IIPR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Innovative Industrial Properties were worth $201,000 at the end of the most recent quarter.

Shares of Innovative Industrial Properties Inc (NASDAQ IIPR) opened at 17.69 on Thursday. Innovative Industrial Properties Inc has a one year low of $15.45 and a one year high of $20.52. The stock’s market capitalization is $62.37 million. The company’s 50-day moving average price is $17.02 and its 200 day moving average price is $17.37.

Innovative Industrial Properties (NASDAQ:IIPR) last released its quarterly earnings results on Wednesday, May 10th. The company reported ($0.18) EPS for the quarter. The company had revenue of $1.33 million during the quarter. Innovative Industrial Properties had a negative return on equity of 3.92% and a negative net margin of 44.60%.

The business also recently declared a special dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 28th.

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In related news, VP Brian J. Wolfe sold 4,737 shares of Innovative Industrial Properties 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 transaction, the vice president now owns 17,712 shares in the company, valued at $311,022.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders purchased 800 shares of company stock valued at $13,843.

Innovative Industrial Properties Company Profile

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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