5 Best CBD Stocks To Invest In

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In this article, we discuss the 5 best CBD stocks to invest in. If you want to read our comprehensive analysis of these stocks and the current market situation, go directly to 10 Best CBD Stocks To Invest In.

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

Number Of Hedge Fund Holders: 15

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a self-advised Maryland corporation that focuses on the acquisition, ownership and management of specialized industrial properties leased to operators for their regulated medical-use cannabis facilities. On March 14, it declared a quarterly dividend of $1.75 per share, an increase from the previous dividend amount of $1.50.

Craig-Hallum analyst Eric Des Lauriers upgraded Innovative Industrial Properties, Inc. (NYSE:IIPR) to Buy from Hold with a $175 price target on May 9. According to the analyst, an April short report drove sharp recent underperformance versus peers, with shares now trading at a rare discount versus competitors. In the five times this has happened in the last three years, Innovative Industrial Properties, Inc. (NYSE:IIPR) has outperformed peers by 76%-126% in each of the subsequent 12-month periods.

Major hedge funds hold bullish positions in Innovative Industrial Properties, Inc. (NYSE:IIPR). At the end of the first quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $311.4 million in Innovative Industrial Properties, Inc. (NYSE:IIPR), compared to 13 in the preceding quarter worth $273.7 million.

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