IIPR's Stock Price Plunged 22% -- Is it Still a Buy?
Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT) that specializes in purchasing and leasing industrial space to medical marijuana operators, is one of the fastest-growing stocks within the REIT industry.
The company, which had an incredible run since it went public in late 2017, saw share prices grow 968% in just five years' time. But today's market volatility and growing concern over the federal legalization of marijuana have pushed share prices down 22% in 2022 at the time of this writing.
Is it still a buy?
Source Fool.com
