Innovative Industrial Properties, Inc. (IIPR) Reaches $36.65 52-Week High; Vertex One Asset Management Upped Transalta (TAC) Stake

May 27, 2018 - By Linda Rogers

TransAlta Corporation (NYSE:TAC) Logo

Vertex One Asset Management Inc increased Transalta Corp (TAC) stake by 6.74% reported in 2017Q4 SEC filing. Vertex One Asset Management Inc acquired 98,000 shares as Transalta Corp (TAC)’s stock declined 6.09%. The Vertex One Asset Management Inc holds 1.55 million shares with $9.20 million value, up from 1.45 million last quarter. Transalta Corp now has $1.46 billion valuation. The stock decreased 1.44% or $0.075 during the last trading session, reaching $5.125. About 23,438 shares traded. TransAlta Corporation (NYSE:TAC) has declined 6.09% since May 27, 2017 and is downtrending. It has underperformed by 17.64% the S&P500.

The stock of Innovative Industrial Properties, Inc. (NYSE:IIPR) hit a new 52-week high and has $39.22 target or 7.00% above today’s $36.65 share price. The 7 months bullish chart indicates low risk for the $248.56 million company. The 1-year high was reported on May, 27 by Barchart.com. If the $39.22 price target is reached, the company will be worth $17.40 million more. The stock increased 1.98% or $0.71 during the last trading session, reaching $36.65. About 243,351 shares traded or 109.51% up from the average. Innovative Industrial Properties, Inc. (NYSE:IIPR) has risen 57.05% since May 27, 2017 and is uptrending. It has outperformed by 45.50% the S&P500.

Vertex One Asset Management Inc decreased Restaurant Brands Intl Inc stake by 210,000 shares to 235,288 valued at $14.47 million in 2017Q4. It also reduced Vantage Energy Acquisition stake by 50,000 shares and now owns 190,000 shares. Federal Str Acquisition Corp was reduced too.

More important recent TransAlta Corporation (NYSE:TAC) news were published by: Seekingalpha.com which released: “TransAlta Corporation 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For May 25, 2018”, Seekingalpha.com published: “TransAlta’s (TAC) CEO Dawn Farrell on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018. More interesting news about TransAlta Corporation (NYSE:TAC) was released by: Fool.ca and their article: “The Lucky 7” with publication date: May 17, 2018.

Among 6 analysts covering TransAlta (NYSE:TAC), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. TransAlta had 12 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 23. The stock of TransAlta Corporation (NYSE:TAC) has “Sector Perform” rating given on Friday, February 19 by RBC Capital Markets. BMO Capital Markets upgraded the stock to “Market Perform” rating in Monday, August 24 report. The rating was maintained by RBC Capital Markets on Monday, November 2 with “Underperform”. The firm has “Sector Underperform” rating given on Tuesday, August 25 by IBC. National Bank Canada downgraded TransAlta Corporation (NYSE:TAC) on Monday, February 13 to “Sector Perform” rating. BMO Capital Markets downgraded it to “Market Perform” rating and $5 target in Monday, January 18 report. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Monday, November 7 report. The stock of TransAlta Corporation (NYSE:TAC) has “Underperform” rating given on Wednesday, May 4 by RBC Capital Markets. BMO Capital Markets downgraded TransAlta Corporation (NYSE:TAC) on Thursday, January 14 to “Market Perform” rating.

More notable recent Innovative Industrial Properties, Inc. (NYSE:IIPR) news were published by: Seekingalpha.com which released: “Innovative Industrial Properties: Betting On Medical Cannabis” on May 25, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: Dow Falls Over 100 Points; Cara Therapeutics Shares Spike Higher” published on May 23, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Open Lower; Target Earnings Miss Views” on May 23, 2018. More interesting news about Innovative Industrial Properties, Inc. (NYSE:IIPR) were released by: Benzinga.com and their article: “Marijuana Stocks” published on May 25, 2018 as well as Fool.com‘s news article titled: “This “Innovative” Pot Stock Just Reported a Profit and Declared a Dividend” with publication date: May 22, 2018.

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