5 Best CBD Stocks To Buy Now

3. Innovative Industrial Properties, Inc. (NYSE:IIPR)

Number of Hedge Fund Holders: 16      

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that runs medical-use cannabis facilities. On November 13, investment advisory Compass Point maintained a Neutral rating on Innovative Industrial Properties, Inc. (NYSE:IIPR) stock and lowered the price target to $85 from $95. 

At the end of the third quarter of 2023, 16 hedge funds in the database of Insider Monkey held stakes worth $127 million in Innovative Industrial Properties, Inc. (NYSE:IIPR), the same as in the preceding quarter worth $122 million.