IIPR trade ideas
IIPR one last push IIPR has been one of the best performing REIT's over the last 24 months. Its peak high was a 700% move from the 2017 bottom and currently is at a 400% return not including dividends.
Structurally a crash cycle looks to be forming but there are many months that need to play out before this can be confirmed. I am looking to see one last thrust in IIPR to retest resistance in the $110-$120 range before a potential drawdown below $50.
Fundamentally the catalyst for a large drop in price would likley come from the passing of safe banking regulations in the canabis industry. Currently, companies in this sector cannot open bank accounts which puts a strain on cash management and the use of leverage with banks. As a result IIPR has benefited from large scale "sale/leaseback" transactions with these corporations looking to inject liquidity into their operations by selling real estate holdings and leasing them back at a premium.
However.... this strategy will slow down tremendously once banking regulations are passed. Why? Simply put, companies will be able to establish lines of credit, loans and mortgages with banks at lower cost.
IIPR: Innovative Industrial Properties The San Diego-based company is a real estate investment trust (REIT) specializing in properties used for growing and processing cannabis in U.S. states where medical marijuana is legal.
While Innovative Industrial's stock has been dragged down over the last few months by sector weakness, the fast-growing company continues to post great quarterly numbers. In the second quarter, its revenue soared 155% year over year to $8.28 million, earnings per share (EPS) jumped 76% to $0.30, and adjusted funds from operations (FFO) per share -- a key profitability metric for REITs -- surged 90% to $0.59.
Innovative Industrial Properties (NYSE:IIPR) is back to doing what it does best: purchase facilities that can be used to grow and process cannabis, lease them to state-licensed operators, and pass the profits on to investors.
The real estate investment trust (REIT) completed a sale-leaseback deal with multistate dispensary company PharmaCann on Oct. 30. IIP paid $18 million plus transaction costs for a 48,000-square-foot industrial property in Dwight, Illinois. The REIT immediately entered into a triple-net lease with PharmaCann, which will continue to use the facility for cannabis cultivation and processing.
IIPR will also reimburse PharmaCann for up to $7 million in tenant improvements. PharmaCann intends to use the funds to expand the property by about 18,000 square feet as it seeks to double its production capacity. The deal is the fifth time IIP has acquired a property from, and leased it back to, PharmaCann.
Market Cap 845.75m
Eneterprise Value 948.99
Way undervalued
Dividend Yield 4.08%
P/E FY 39x
P/B 2.9x
EPS 2020 79.4% YoY estimate.
Price Target 140$ near 100% potential paying solid dividend.
MACD showing bullish momentum BUY
RSI breaking above downtrend line BUY
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IIPR, That Was a Good CallI liked this one better than CGC/ACB because you never know what surprises they have stashed away. They could of have made some kind of big announcement. IIPR, what do they have to announce? They are already 100% leased
same idea as CGCStrong support area within falling wedge and oversold conditions. Looking for a retrace here to test prior highs before resuming the downtrend
superb buying opportunityFalling wedge with the Long term RSI bottoming out several times. nice buying opportunity here. Future sell targets around 100$. Will be adjusted as it happens
Great low risk entry point in IIPR ShortIIPR is offering today what we call a low risk entry point allowing us to be up 4% intraday on our short position.
Nice Hold. Go With The TrendNot much to add to that statement really. It's just that simple ironically. You are never in complete control, so all you can really do is that which is most probable.
It looks like it is even capable of breaking $70. All the news seems to be priced in at this point, and it's trading at multiples significantly higher than it's industry peers. The price to sales is ridiculous.
Also, judging by the uptick we saw this morning, and the sudden sell off that followed, it looks like the underwriters may still have shares to sell from that at the market offering, but we will have to wait until their next earnings report to confirm that.
Nice Hold; Go With The Trend..Not much else to add to that statement really...It's really just that simple. You are never in full control, all you can do is what is most probable
It looks like it could even break $70. Also, the price action this morning suggests that the underwriters have not fully exhausted this at the market offering, but we will have to wait for their next earnings report to confirm that one
One of The Most Overvalued Companies On The ExchangeIt looks like the bubble has popped for good this time, and with the SAFE banking act being the talk of the town, people might not be so keen to invest in this special situations REIT. Once that bill gets passed, the special situation won't be all that special anymore.
IIPR, you should have sold more shares like the rest of your industry peers!
The trend looks great too. Forget those fib lines, they were on the chart before this trade idea, but my phone won't let me remove them for some reason right now. No access to a desktop at the moment
USMJ Sept 15 CURA CWEB TRUL OH CL MMEN IAN HARV GTII ACRG IIPRUS MJ names are in a variety of setups with CWEB standing out as the strongest, IAN and MMEN standing out as the weakest, and every other chart somewhere in between.
IIPR Ebb and flow? Kinda drafting this idea. Might expand on it.
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MJ ETF at the bottom but still needs time to turn. LOST A TON in the last 5 days. LIKE 20%. VERY good price for this but A LOT of MJ stocks are at CRAZY discounts. TLRY CGC CRON NEPT! This has not fallen like them.
... Is money shifting from ETF back to individual names.... Most names seem to be turning a corner at the bottom MAYBE. Not confirmed yet.
WATCH THIS MONDAY for oversold bounce REGARDLESS, but be ready for even LOWER. It can always go lower.
This could be an ebb and flow thing. The ETF goes higher while individual names fall then it changes back. No holding this but maybe short after a bounce if individual names continue up.
Does have a dividend.
US MJ Bulls keeping eyes on hourly chartsWatching for bulls to lose hourly uptrend to indicate daily consolidation underway, and watching name sin hourly downtrends to break resistance levels to tells us the daily higher lows are in. The Canadian names all haver largely the same setup across the sector, while the US names are more of a mixed bag of different setups.
CURA CWEB TRUL OH CL MMEN IAN HARV GTII ACRG.U IIPR
IIPR and the scenario of the 200DMAPrice is Heading towards the 200 DMA
i wonder if it can hold or be ignored
"just 4 the study"
