For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 12 per share, beating the Zacks Consensus Estimate of $1. 72%. Also, its 2022 AFFO was $234 million, or $8. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it. 6% to. 04%. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 37 50-Day Range $69. 2. Story continues. is a real estate investment trust. Hexo Stock Chart. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. I wrote this article myself, and it. Subscribe Now See Plans & Pricing. 50 to $137. com users lately. Innovative Industrial Properties Inc (IIPR) stock is down 0. Like most other stocks in today's bear market, pessimism surrounding the economy and. 75 +0. ET. IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. IIPR runs the risk of becoming a battleground income stock like Medical Properties Trust where near-perpetual issues with tenants reflect itself as forever angst around the payouts and a falling. IIPR has rewarded shareholders with a rapidly growing dividend. (IIPR) 22 Comments Juxtaposed Ideas 8. 10%) were lower by as much as 17. 75% move from the prior day. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. IIPR earnings call for the period ending June 30, 2023. Summary. 6% in January, according to. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 87 per diluted share, in Q1. Discover historical prices for IIPR stock on Yahoo Finance. Tilray ( TLRY ): The company is seeing. The stock lost almost 6. 26, 2020 at 4:29 p. As a result of the defaults, IIPR stock is down more than 20% since mid-January. Innovative Industrial Properties, Inc. The trend seems to continue down , but. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. The company is set to announce its earnings results on August 7. 5M, which brings its debt-to-equity ratio to 15. S. The stock has traded between $181. finance. Innovative Industrial Properties ( IIPR 0. So, it is worth exploring what lies ahead for the stock. As one of the leading owners of industrial real estate leased to state. Q1 2023 Cash Dividend of $1. comInnovative Industrial Properties, Inc. 7% on Friday and is 19. IIPR has risen $0. Series A stock information by Barron's. Find out before anyone else which stock is going to shoot up. 5%, and it has net margins of 54. 95 so far today. Today's Range $78. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. While income investors may be. 16 billion for 2024. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. 84% YTD and -74. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 82% move from the prior day. The cannabis landlord company Cannabis is being legalized steadily across the U. 46M beats by $2. 00, or 16%, Over Prior Twelve Months. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. Specifically, Exxon Mobil (NYSE: XOM) is down 5. Half of the ratings on the mutual fund company are sells. Shares of UnitedHealth Group ( UNH 0. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. IIPR earned $5. 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. Cannabis stocks have fallen sharply in the past several years. Innovative Industrial Properties, Inc. 5% this week, after issuing shares and reporting a capital markets update. 42. A stock is considered to be oversold if the RSI reading falls below 30. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Like most other stocks in today's bear market, pessimism surrounding the economy and. 10 in dividends, for a dividend payout ratio of 84%. A bad year for investors in Innovative Industrial Properties ( IIPR -3. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 15 in Dec 1, 2016. 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. 35%) stock jumped 14. 52%) Q2 2023 Earnings Call. 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. 1 million in revenue, up 210% from the 1st quarter in 2019. Summary. 3% to access that capital. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 3% from the stock's current price. 1%, which is absurd when you consider the dividend growth track record and potential future. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. Prices are already falling and it’s only going to get worse. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. I wrote this article myself, and it expresses my. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. Yet, with shares. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. 45 per diluted. If the stock offerings are prudently managed this is a $200. In the latest trading session. 00 per share), 600,000 shares. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, AFCG, PW either through stock ownership, options, or other derivatives. Unlike competitors, Innovative Industrial Properties has a competitive moat. 47 from the previous closing price of $92. However, short sellers have. 5 million on this revenue, an increase of 248% from net income of $3. 9% Cum. 7%Innovative Industrial Properties ( IIPR 0. What happened. 52%) and AFC Gamma (AFCG-0. yahoo. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. 53 and $74. At. 4% in August, according to data from S&P Global Market Intelligence. This change lagged the S&P 500's daily gain of 1. 75 on April 14, representing a 17% increase over Q4-21. Check out why I'm neutral on IIPR stock. Find the latest Innovative Industrial Properties, Inc. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Learn more on IIPR's dividend yield history. Elsewhere. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. So why is Innovative Industrial Properties' stock falling? Investors have a. The stock is down more than 50% from its November 2021 high. 4% on the day. The share price for Innovative Industrial Properties ( IIPR -3. I don't think it's in trouble at all, and I'd go further and say it's a fine stock for any investor to consider buying. Summary. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. This is almost twice the S&P 500. 02% from the previous closing price of $175. 46%. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. IIPR is lower by -$0. m. Meanwhile it can turn around and put that money to work getting a 16% annual return. 7%-Yielding Dividend Stock Could Soar 68%. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. IIPR has rewarded shareholders with a rapidly growing dividend. IIPR has posted truly impressive growth since it went public back in 2016. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 94MStock Price Forecast. 62 at zenith of its stock price in next year following your. 04. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 26, 2020 at 4:29 p. 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. Its EPS Rating is a worst-possible 1. The company then paid a quarterly dividend of $1. So far 111,495 shares have traded compared to average volume of 204,355 shares. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 8% of its value on the day. 10%) is. Strong dividend paying companies in the US market. Zacks Equity Research. 36, or -0. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. EPS is expected to decline by 1. May. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. IIPR's avg. 6% per annum while its annual revenue is expected to grow at 2. is a real estate investment trust. Innovative Industrial Properties (IIPR-1. 89%. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. 73%) Q2 2023 Earnings Call. 91x and 23. IIPR Stock Valuation and Price Target Unlike most NNN REITs, IIPR has delivered rapid growth more resembling a tech company than a real estate landlord. Out of . So what. If an investor was to purchase shares of IIPR stock at the current price. The. The share price for Innovative Industrial Properties ( IIPR -3. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Find out why IIPR stock is a Hold. 83 1. Based on its current numbers, IIP looks like. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. The stock fell as much as 17. 4. The stock outpaced the S&P 500's daily loss of 0. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 14. Innovative Industrial Properties, Inc. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 89%. 57% move from the prior day. ET after. 's ( NYSE:IIPR ) stock may have disappointed. ” The news caused Industrial Properties, Inc. IIPR can go out and issue tons of new stock and pay just 2. By Aaron Missere. In detail, IIPR is acquiring approximately 92. 90 -0. 30 and could see higher highs. KLH49/iStock via Getty Images. has led Innovative Industrial Properties ( IIPR. The stock prices of its tenants have plunged. 65 -1. Late last week, another shareholder filed suit in Maryland against cannabis real estate investment trust Innovative Industrial Properties (IIP) (NYSE: IIPR) for failing to be truthful to investors about its business dealings with Kings Garden. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 95 per share. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. Hexo stock has a weak 3 Composite Rating. 00. 7% in the last week insiders who sold US$6. Hexo Stock Chart. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. 1% move from the previous day. (IIPR) stock news and headlines to help you in your trading and investing decisions. Aug 03, 2023, 1:00 p. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 8%. 8% in late trading Tuesday after closing up 2. Innovative Industrial Properties ( IIPR -2. I expect the IIPR stock price to move higher after months of falling. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. The Motley Fool. 99 $89. 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 +3. In the latest trading session. (NYSE: IIPR) a real estate company focused on the U. 99 in the latest trading session, marking a -1. 68 +5. But the bottom might finally be in for this small-cap REIT. Fears over this REIT's future aren't as serious as many investors think. 17%). According to a filing with the U. IIPR stock has become an investor favorite recently. Since our last article, the stock price has declined by as much as 21%. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Data by YCharts. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. Innovative Industrial Properties, Inc. 00 strike price has a current bid of $18. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. IBD cautions against buying stocks in a market correction. 9. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 07% while the S&P 500 has risen 0. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 51 during the height of the pandemic sell-off; 184 days above $75. With a. The safety that IIP's stock once offered investors is long gone. As of June 30, 2022, we owned 111 properties comprising an. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. 18 on volume of 249,380 shares. IIPR paid a quarterly dividend of $1. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. The current dividend yield for Innovative Industrial Properties is 8. View real-time IIPR. May. 51%), the only real estate investment trust. Earnings per share increased from $1. I wrote this article myself. May 4, 2023 at 12:00 PM · 4 min read. Find the latest Innovative Industrial Properties, Inc. Here's why the stock's a winner that you might regret not buying more of when you had the chance. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. 6% to. ". 6% in Innovative Industrial Properties, Inc. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, REFI either through stock ownership, options, or other derivatives. 56% (not including any dividends or dividend reinvestments). This compares to FFO of [email protected] on volume of 167,616 shares. IIPR bounced up in November 2021, along with the. 18% move from the prior day. Follow. In the 1st quarter of 2020, IIPR generated $21. 08% from the previous trading session. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 3 million in cash. 15%. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. In fact, since bottoming out in June, the REIT popped from about $64 to $82. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 02 Innovative Industrial Properties FFO of $2. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. 87 per diluted share, in Q1. m. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 12. IIPR Innovative Industrial Properties $75. 83% as of 11:57 AM on Friday, Jan 20. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. The stock is on sale. There are still. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. Innovative Industrial Properties has plunged by -31. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. IIPR data by YCharts. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. IIPR shares are down 63% YTD and could fall further if higher. Morsa Images. Shares have tumbled 56% year-to-date. View the latest Innovative Industrial Properties Inc. Join the Conversation! Build your trading network; Follow your favorite assets. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 92% at $100. View the latest Innovative Industrial Properties Inc. $2B. 2W 10W 9M. 68%) has had a wild year. 00. 25 $80. 36, or -0. 07, revenue of $76. 28 in the latest trading session, marking a -1. 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. Given the current short-term trend, the stock is expected to fall -9. 97x and NTM Price/FFO Per Share of 13. Innovative Industrial Properties, Inc. 1 million, or $1. 5% over the past four weeks to close the last trading session at $71. m. A submerged stock price doesn't necessarily mean a company is a bargain, however. IIPR Stock Valuation. 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. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. Learn more about Innovative Industrial Properties Inc’s (IIPR) stock grades for Value, Growth and Momentum and determine whether this REITs - Specialized stock meets your investment needs. 06 from the previous closing price of $92. 80%) collapsed by more than 14. 24%) ranked as one of the hottest cannabis stocks in the industry.