(IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. So, it is worth exploring what lies ahead for the stock. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 84 and $174. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. If you had invested in Innovative Industrial Properties stock at $19. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. finance. Meanwhile, in early spring it raised. And if a dividend cut does happen, then an even greater sell-off. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Find out before anyone else which stock is going to shoot up. T. 45 per diluted. 38%), it's easy to get complacent. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. The company in April. 75 a share -- giving the stock a dividend yield of 5. Based on its current numbers, IIP looks like. 13%). The stock is on sale. 77% move from the previous day. IIPR buys properties and leases them to. This. This development will increase its costs and impact its. Innovative Industrial Properties ( IIPR 0. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. IIPR's avg. The company's annualized yield currently comes in at 2. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 00 +3. IIPR has risen $0. 75% move from the prior day. President Biden's recent move to decriminalize federal convictions of simple marijuana possession likely helped spur a liftoff in IIPR stock, as short interest as a percentage of its float reached. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 00 and a low estimate of. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 3%. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. Stock Price Forecast. Among that is what has Innovative Industrial Properties (NYSE: IIPR) stock falling, why hydrogen stocks are heading lower, as well as what’s behind the rally of United Maritime Corporation. IIPR had held up fairly well in past few days and 1-2 weeks, having dropped a little and much less compared to growth stocks. 6% per annum while its annual revenue is expected to grow at 2. ET by Max A. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. IIPR earnings call for the period ending June 30, 2023. The stock pays a dividend, currently with a forward yield of nearly 0. This rating change. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 18. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 45 per diluted. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. 13%). Currency in USD. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. We think falling share prices and deteriorating financials amongst IIPR’s borrowers should cause investors to reprice IIPR’s shares, given the mounting risks to its long-term loan book. 01 and. 03% move from the prior day. (NYSE: IIPR) a real estate company focused on the U. In the latest trading session. The main competitors of Innovative Industrial Properties include Urban Edge Properties (UE), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Claros Mortgage Trust (CMTG), Forestar Group (FOR), Getty Realty (GTY), Armada Hoffler Properties (AHH), Ellington Financial (EFC), Hudson Pacific Properties (HPP), and FRP. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Innovative Industrial Properties's earnings are forecast to decline at 0. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. Fed I invested in IIPR at a fortunate moment (in 2019 at roughly same price as current stock price) and was lucky enough to get out in time (sold in Nov. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. (IIPR) stock is trading at $189. The recent price decline of 3. 57% move from the prior day. Innovative Industrial Properties has plunged by -31. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. The consensus among . According to a filing with the U. 22 (-1. yahoo. It has also. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. I could see IIPR trading at 15x forward AFFO, representing a stock price of $120 per share - but note that there is a wide range of fair value for the stock considering the high growth potential. 15%. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Innovative Industrial Properties, Inc. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. The company in April. 17%). NYSE: IIPR Innovative Industrial Properties. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Over the past year the S&P 500 is down -14. May. 73 in the next year. Volume today is elevated. 5 million. Cannabis. Johnson & Johnson ( JNJ 0. 5%. IIPR has since increased its dividend by 2. 94%. The stock's a buy even with slower growth. 10 in dividends, for a dividend payout ratio of 84%. 32, marking a +0. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. The stock prices of its tenants have plunged. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. 84% YTD and -74. 46%. Summary. In detail, IIPR is acquiring approximately 92. 8M respectively. Innovative Industrial Properties has a total shareholder equity of $1. Honestly, stocks like this one really remind me of what Peter Lynch said about. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. 4% in August, according to data from S&P Global Market Intelligence. 5% in dividends. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 34 -1. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 07, or 3. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. . ". 13%) has an incredible track record of not only paying but raising its dividend. KLH49/iStock via Getty Images. See more132% Rule Breakers High-growth Stocks 239% Free Article IIPR's Stock Price Plunged 22% -- Is it Still a Buy? By Liz Brumer-Smith – Mar 22, 2022 at 8:13AM. The stock is trading at a low price-to-earnings ratio and offers a dividend yield above 6%, but the cannabis industry is not immune to volatility. 00 and a low estimate of. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. 8%. 78. S. 03 (-1. The company is set to announce its earnings results on August 7. Full. IIPR's selloff has continued and shares have nearly been cut in half YTD. 11% while IIPR is lower by -59. I wrote this article myself. Do Wall Street analysts like Innovative Industrial Properties more than its competitors?The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 7% on Friday and is 19. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. . Series A stock information by Barron's. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. But IIPR is no longer the only publicly traded REIT in the medical marijuana. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. 32. The stock has traded between $88. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. . Get the latest Innovative Industrial Properties Inc (IIPR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment. S. 3%. The Motley Fool. 5% per year. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. 6% yield. That kind of growth rate is similar to what traditional net lease peers report in the. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. The worsening macroeconomics. 94M Why are analysts so bullish on IIPR stock? The company continues to report double-digit revenue and earnings growth, a raft of new acquisitions, and a high dividend yield. I wrote this article myself. Plus the mkt is like a falling knife. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 32, and AFFO rose from $1. 7%, and it occasionally disburses special dividends to return excess cash to investors. 62 at zenith of its stock price in next year following your. 36 $125. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 28 in the latest trading session, marking a -1. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties, Inc. Aug 03, 2023, 1:00 p. The safety that IIP's stock once offered investors is long gone. Its dividend has increased for five straight years as well. The stock was hit by a scathing short-seller report last month. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 73%. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 30 and could see higher highs. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. IIPR TTM Dividend yield % consensus estimates (S&P Cap IQ) As a result, its forward dividend yields continue to look highly attractive, given the security of its payout ratios, within management's. 56. 38 in the latest trading session, marking a +0. A submerged stock price doesn't necessarily mean a company is a bargain, however. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 8% of its value on the day. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Get powerful stock screeners & detailed portfolio analysis. 's (NYSE:IIPR) value has dropped 5. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. The Dow Jones. 0%. by Zacks Equity Research Published on October 12,2023. falling by 79%. is a real estate investment trust. But then things turned south. Its 2022 revenue of $276 million was up 35% versus 2021. And make no. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 56% (not including any dividends or dividend reinvestments). 9B and total debt of $300. 4% dividend hike. 11% in terms of adjusted FFO per share. Image source: The Motley Fool. 48%), referring to the cannabis company as a "marijuana bank" as. Learn more on IIPR's analyst rating history. Although recessionary fears are. Find out why IIPR stock is a Hold. 86% move from the previous day. 18. 2021 and Feb. Analyst’s Disclosure: I/we have a beneficial long position in the shares of BX, IIPR, O, OHI, AND STAG either through stock ownership, options, or other derivatives. 4%. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. The company, which specializes in. 001 per share, 50,000,000 shares authorized: 9. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. On average, they predict the company's stock price to reach $2. Join the Conversation! Build your trading network; Follow your favorite assets. 90 -0. If the stock offerings are prudently managed this is a $200. IIPR is lower by -$0. 08% from the previous trading session. IIPR Innovative Industrial is falling or rising technical reasons . 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. The company has engaged in an aggressive growth plan over the last couple of years, but has recently stalled due to higher interest rates in the macro environment. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. According to a filing with the U. Innovative Industrial Properties, Inc. Shares are dirt cheap at a price/FFO of 10. 50 to $137. Full. The vast. 35%) stock jumped 14. Still, it. The share price for Innovative Industrial Properties ( IIPR -3. At the. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. 9. The analyst also reduced the stock's price target from $24. Some analyst estimates for the stock seem to be outdated. Innovative Industrial Properties (IIPR 0. Shares have tumbled 56% year-to-date. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. com - September 13 at 4:17 AM. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. At. (IIPR) stock to fall significantly during trading on April 15, 2022. The stock is trading at a low price-to. 05 and $188. Cannabis stocks have fallen sharply in the past several years. In our opinion, the award seems reasonable. 80x, respectively. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. What happened. 7%Innovative Industrial Properties ( IIPR 0. 44%, not including the 9. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 5% this week, after issuing shares and reporting a capital markets update. With the broader market falling, cannabis stocks took a bigger hit in 2022 due to the lack of progress toward federal legalization in the U. 07, revenue of $76. Half of the ratings on the mutual fund company are sells. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Zacks Equity Research. I wrote this article myself, and it expresses my. Hexo has cut jobs and tried to shrink costs and lower its debt burden. On average, they are forecasting that the company's top line will rise to $1. IIPR At A Glance (IIPR) A core strength of Innovative is that they are far and away the largest of companies in this space with a market cap of over $2 billion and enterprise value approaching $2. (IIP), the first and only real estate company on the New York Stock. Complete Innovative Industrial Properties Inc. 15. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. As of June 30, 2022, we owned 111 properties comprising an. kmatija. A value trap is a stock or other investment that appears to be cheaply priced because it has been trading at low valuation metrics, such as multiples in terms of price to earnings (P/E), price to. 44 so far today. There aren't many REITs that fit. IIPR is an exciting stock that some believe has significant upside. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. Key Points. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. is a real estate investment trust. Among. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Share your opinion and gain insight from other stock traders and investors. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. IIPR has risen $0. 00, or 16%, Over Prior Twelve Months. Currency in. View the latest Innovative Industrial Properties Inc. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 89%. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Year-to-date, shares of IIPR stock have dropped by 59. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 42% from the previous closing price of $185. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 94 SMG Scotts Miracle-Gro $70. Innovative Industrial Properties ( IIPR 1. 2%, while the Industrial REITs industry saw earnings growing at 24. 08 intraday, briefly clearing a 221. 48%) are down by more than a third from its peak (in late 2021). 00 strike price has a current bid of $18. The REIT owns a diversified portfolio of properties that cater to cannabis producers. 15%) At close: 04:00PM EST. . 7% from the previous trading session. 07 beats by $0. IIPR has fallen -$0. 3% annually. The Broker Recommendations chart displays the recommendations made by brokerage firms and are not a recommendation to buy or sell a share, but instead indicate of how the broker thinks the company. Mar 19, 2020. Hexo Stock Chart. Over the last four quarters. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. Innovative Industrial Properties, Inc. IIPR has rewarded shareholders with a rapidly growing dividend. Innovative Industrial Properties ( IIPR -2. IIPR stock fell 6% to 207 after hours in the stock market today. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. Mar 19, 2020. EPS is expected to decline by 1. Read what investors need to know about IIPR here. 00 and the lowest IIPR stock price forecast at $85. 00% Series A Cumulative. 1% YOY growth in AFFO per share to $2. And, if the stock price does fall, the short-seller would profit. 01 in the past 12. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. 4B and $440. IIPR has plunged by -31. P. Tobacco and alcohol tend to do well in times of recession or. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. 1% and Real Estate Select Sector SPDR ETF falling 11. 7x price/FFO. 12. IIPR grew its dividend by roughly 40% in 2018, 186% in 2019, 24% in 2020, and 21% thus far in 2021 (IIPR recently declared a $1. 55, moving +1. On Jan. 9. 18% move from the prior day. 80 per Common Share Contributes to Aggregate of $7. (IIPR) NYSE - NYSE Delayed Price. The company then paid a quarterly dividend of $1. Future criteria checks 0/6. Sometimes the price moves, both higher and lower, can be dramatic. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. This suggests a possible upside of 38. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. The market has been avoiding cannabis stocks because of excess supply in. 61 on the stock market today. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. 68%) has had a wild year.