Positive Media Coverage Somewhat Unlikely to Affect Innovative Industrial Properties (IIPR) Stock Price
Media stories about Innovative Industrial Properties (NASDAQ:IIPR) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Innovative Industrial Properties earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.8791966418383 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Innovative Industrial Properties Reports Q2 Results (talkmarkets.com)
- Innovative Industrial Properties’ (IIPR) CEO Paul Smithers on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Innovative Industrial Properties Inc : Investor Network: Innovative Industrial Properties Inc to Host Earnings Call (4-traders.com)
- Innovative Industrial Properties Reports Second Quarter 2017 Results (finance.yahoo.com)
Innovative Industrial Properties (NASDAQ:IIPR) traded up 1.56% during trading on Monday, hitting $17.60. 9,330 shares of the stock were exchanged. The stock has a 50 day moving average price of $17.03 and a 200-day moving average price of $17.36. Innovative Industrial Properties has a 12-month low of $14.50 and a 12-month high of $20.52. The firm’s market capitalization is $61.62 million.
In other news, VP Brian J. Wolfe sold 4,737 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $17.56, for a total transaction of $83,181.72. Following the completion of the sale, the vice president now directly owns 17,712 shares in the company, valued at $311,022.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have bought 800 shares of company stock valued at $13,843.
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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