5 Weed Stocks to Buy in 2022

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

Number of Hedge Fund Holders: 12     

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that runs medical-use cannabis facilities. The firm has paid a growing dividend to shareholders for the past four years. On December 15, it declared a quarterly dividend of $1.50 per share, in line with previous. The forward yield was 2.45%. 

Major hedge funds hold bullish positions in Innovative Industrial Properties, Inc. (NYSE:IIPR). At the end of the third quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $265 million in Innovative Industrial Properties, Inc. (NYSE:IIPR), compared to 15 in the preceding quarter worth $200 million.