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Down 15%, Is Innovative Industrial Properties a Buy?

TheMotleyFool

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Down 15%, Is Innovative Industrial Properties a Buy?Photo, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png

The marijuana industry is not currently popular with investors, to put it mildly. That's having a knock-on effect with cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR). Despite being a consistently profitable company that doesn't actually grow or sell any weed itself, Innovative is being punished like its peers; its share price is down by over 15% so far this young year.

A submerged stock price doesn't necessarily mean a company is a bargain, however. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid.

Image source: Getty Images.

Source Fool.com

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