Top 5 High Dividend Stocks To Buy According To Analysts

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

Upside Potential as of May 4: 78.6%
Average Price Target Based on Analyst Ratings: $122.3
Dividend Yield as of May 4: 10.5%

An American real estate investment trust company, Innovative Industrial Properties, Inc. (NYSE:IIPR) initiated its dividend policy in 2017 and has raised its dividends every year since then. The company offers a quarterly dividend of $1.80 per share and has a dividend yield of 10.5%, as of May 4. It is among the best dividend stocks on our list.

In April, UBS maintained a Buy rating on Innovative Industrial Properties, Inc. (NYSE:IIPR) with a $15 price target, highlighting the stock’s valuation.

At the end of December 2022, 14 hedge funds owned stakes in Innovative Industrial Properties, Inc. (NYSE:IIPR), up from 12 in the previous quarter, according to Insider Monkey’s database. The collective value of these stakes is roughly $300 million.

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