IIPR - Wall Street Thinks This 10.7%-Yielding Dividend Stock Could Soar 68%
2023-06-02 05:50:00 ET
Blue moons. Four-leaf clovers. There are some things that you don't see very often.
I think ultra-high-yield dividend stocks that analysts expect to skyrocket should also be in that group. They're rare, but they do exist. Wall Street thinks this 10.7%-yielding dividend stock could soar 68% higher over the next 12 months.
Innovative Industrial Properties (NYSE: IIPR) ranks as the first -- and so far only -- real estate investment trust ( REIT ) focused on the U.S. cannabis industry to list its shares on the New York Stock Exchange. When it comes to providing real estate capital to U.S. cannabis operators, no rival comes close to Innovative Industrial Properties (IIP).
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Wall Street Thinks This 10.7%-Yielding Dividend Stock Could Soar 68%