Innovative Industrial Properties (IIPR) Insider Makes Significant Share Sale

10:21PM ET 3/18/2021 MT Newswires
A filing with the SEC today revealed a notable insider sale of Innovative Industrial Properties shares as -- Paul E Smithers, Director and Officer -- disposed of 6,000 shares in the company having a market value of approximately $1,179,000. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 28,029 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 34,029 shares and have averaged 8,507 shares per transaction over this time period.

Insiders at Innovative Industrial Properties have a higher number of buy/sell transactions than the 18-peer company average over the last 90-day period. The Specialized REITs peer group saw 19 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Innovative Industrial Properties insiders was also higher. Within the peer group there were 13,445 shares purchased and 46,744 shares sold with company insiders disposing of 1,753 shares on average.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.