Morsa Images. 68 per share on April 14, 2022. 80x, respectively. The stock has traded between $167. . This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. 48 so far today. Innovative Industrial Properties, Inc. 51%), the only real estate investment trust. 61 on the stock market today. Financial Health criteria checks 4/6. 11x, lower than its 3Y pre-pandemic mean of 13. T. Tilray ( TLRY ): The company is seeing. 02 Innovative Industrial Properties FFO of $2. 00 and a low estimate of. By buying indoor cultivation space from marijuana companies. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. Mike Tyson will be joining our lineup in our Cannabis Event. 33% from the previous trading session. 1% yield is indeed a reward for investors seeking the highest income potential. com - September 15 at 10:19 AM. Innovative Industrial Properties (IIPR-1. Volume today is elevated. marketbeat. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 5. Future criteria checks 0/6. 94 SMG Scotts Miracle-Gro $70. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Year-to-date, shares of IIPR stock have dropped by 59. IIPR earnings call for the period ending June 30, 2023. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. Share your ideas and get valuable insights from the community of like minded traders and investors. 78. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. Fortinet stock tumbled 16. 6% dividend yield. In the 1st quarter of 2020, IIPR generated $21. 14. The worsening macroeconomics. The stock outpaced the S&P 500's daily. 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. Also, its 2022 AFFO was $234 million, or $8. Image source: The Motley Fool. cannabis sector. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 6% in Innovative Industrial Properties, Inc. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. If more cannabis businesses. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. 42. Key Points. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. Shares of UnitedHealth Group ( UNH 0. (NYSE: IIPR) a real estate company focused on the U. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. 0 and an annual dividend yield of 10. is a real estate investment trust. Innovative Industrial Properties. Find the latest Innovative Industrial Properties, Inc. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Today's Change (-1. NYSE: IIPR Innovative Industrial Properties. Innovative Industrial Properties (IIPR 0. In its latest quarter, IIPR delivered 5. 2022. ” The news caused Industrial Properties, Inc. 32. May. Turning to the calls side of the option chain, the call contract at the $100. 12 per share, beating the Zacks Consensus Estimate of $1. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. Meanwhile, in early spring it raised. 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. Analysts anticipate more growth. 8M respectively. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. The current dividend yield for Innovative Industrial Properties is 8. 60%). It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. 50. Hexo Stock Chart. 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. The cannabis landlord company Cannabis is being legalized steadily across the U. 05 to $1. Read what investors need to know about IIPR here. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ET after. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 00 +3. The stock's a buy even with slower growth. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. finance. Prices are already falling and it’s only going to get worse. 9% per annum. 22, but there could still be a solid upside left in the stock. But the bottom might finally be in for this small-cap REIT. IIPR paid a quarterly dividend of $1. 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. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 94MStock Price Forecast. 75 -2. 51%), the only real estate investment trust. 12 on volume of 167,616 shares. A second reliable ultra-high-yield dividend stock that stands out as a no-brainer buy in September is cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR-3. 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. These three cannabis stocks could eventually rally to higher highs. But it also invests in shares of public companies. 08 intraday, briefly clearing a 221. IIPR has rewarded shareholders with a rapidly growing dividend. Innovative Industrial Properties ( IIPR 0. 75% move from the prior day. 000000; an Industry Subrating of Low; a. 84% YTD and -74. IIPR bounced up in November 2021, along with the. 54. 00. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. If the stock offerings are prudently managed this is a $200. Innovative Industrial Properties has a total shareholder equity of $1. 5 million on this revenue, an increase of 248% from net income of $3. 03% move from the prior day. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 75 on April 14, representing a 17% increase over Q4-21. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. (IIPR-0. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. 34 -1. I wrote this article myself, and. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. 99. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. The stock outpaced the S&P 500's daily loss of 0. 99 in the latest trading session, marking a -1. What happened. A submerged stock price doesn't necessarily mean a company is a bargain, however. 12. The recent price decline of 3. 4%. IIPR has dropped around 20% in the last 12 months, compared to the broader REIT sector, which is up around 3% over the same time. During 2021 and year-to-date, IIP did not issue any shares of common stock under its “at-the-market” equity offering program, and as of February 23, 2022, had. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 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. 5% loss. And, if the stock price does fall, the short-seller would profit. IIPR stock, innovative industrial properties is a REIT with significant upside potential. 9% sequentially and has returned 17% overall. 07, or 3. 00 to $179. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. 00, with the highest IIPR stock price forecast at $95. 7 attached. This is a business that started from zero only a few years ago. The Motley Fool. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. They first came onto my radar back in 2020. 45 per diluted. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. 73%. Shares of UnitedHealth Group ( UNH 0. The recent price decline of 3. Besides, the duo will partner on the development of 324,000. This lower stock price might have also set up new investors for outsize returns. Shares of Innovative Industrial Properties (IIPR) have gained 0. 00, with a high estimate of 179. Innovative Industrial Properties (IIPR) closed at $74. 15 in Dec 1, 2016. Share prices are down 30% from November 2021 highs despite the company. comInnovative Industrial Properties, Inc. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. A submerged stock price doesn't necessarily mean a company is a bargain, however. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. 51%) (As of 11/21/2023 ET) Today's Range $79. Johnson & Johnson ( JNJ 0. 42% from the previous closing price of $185. 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. S. Innovative Industrial Properties's earnings are forecast to decline at 0. View the latest Innovative Industrial Properties Inc. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Having been one of the top performing stocks in the NYSE over the past five years, today IIPR trades as if it were a boring REITInnovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. . 45 per diluted. 26. 56% (not including any dividends or dividend reinvestments). Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 48, or 2. Mar 19, 2020. I wrote this article myself, and it. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. Its share prices grew by 307% from its IPO in late 2016 to. 97x and NTM Price/FFO Per Share of 13. 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. Down an incredible 61% this year, it has. 14(0. In detail, IIPR is acquiring approximately 92. 42. 00. May. The first incredible growth stock you'll be kicking yourself for not buying during the Nasdaq bear market drop is social media company Pinterest (PINS 0. 52%) Q2 2023 Earnings Call. Shares rose as high as 222. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. IIPR is down over 30% from its peak. 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. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. 00% Series A Cumulative. (IIPR) stock news and headlines to help you in your trading and investing decisions. 80%) looks like a promising stock to buy. Get the latest Innovative Industrial Properties, Inc. 1% move from the previous day. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. S. According to my calculations, there is a growth potential of 22. IBD cautions against buying stocks in a market correction. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 15, your return over the last 6 years would have been 311. 7% and that's expected to grow by about 10. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 2 analysts, 0 (0%) are recommending IIPR as a Strong Buy, 0 (0%) are recommending IIPR as a Buy, 2 (100%) are recommending IIPR as a Hold, 0 (0%) are recommending IIPR as a Sell, and 0 (0%) are recommending IIPR as a Strong Sell. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. In fact, since bottoming out in June, the REIT popped from about $64 to $82. by Zacks Equity Research Published on October 12,2023. 6% in January, according to data provided by S&P. The stock is on sale. 32, and AFFO rose from $1. 5%. In detail, IIPR is acquiring approximately 92. com - September 15 at 10:19 AM. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. falling by 79%. Summary. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. As of June 30, 2022, we owned 111 properties comprising an. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 12. 26, up sequentially from $2. IIPR's share prices have grown over 1,100% in just five years. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Image. 01 and. 54 $79. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Innovative Industrial Properties (IIPR) closed at $164. Still, it. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. Innovative Industrial Properties, Inc. May 18, 2023 at 12:00 PM · 4 min read. Technical analysis forecast for Innovative Industrial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. 9% per annum. m. EPS is expected to decline by 1. I watched the stock fall from nearly $300 to a. August 3, 2022 at 7:55 PM · 3 min read. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. 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. IIPR earned $5. 7%, and it occasionally disburses special dividends to return excess cash to investors. In their. 8% so far, to 108. 6% to. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. The recent King Garden debacle. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 09 on volume of 513,934 shares. 7%Innovative Industrial Properties (IIPR) closed at $197. 32, marking a +0. 83%) stock has been struggling mightily this year. is a real estate investment trust. Sep. 80 per share, reflecting an increase of 25% over dividends. m. Innovative Industrial Properties (IIPR) $71. As a result, IIPR’s normalized FFO was $49. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 83 1. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 18 from the previous closing price of $79. 40%) -$1. Innovative Industrial Properties (IIPR) $71. 06 billion this year, to be followed by a leap to $1. 00, or 16%, Over Prior Twelve Months. com users lately. IIPR has had tremendous growth as the cannabis industry has grown. At. Full. 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. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. In the latest trading session. 04. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. The REIT owns a diversified portfolio of properties that cater to cannabis producers. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 83%). It operates through the following geographical segments: Arizona, California, Colorado, Florida. 20. 67 (2. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. 15 per Common Share Declared in Last Twelve Months, Up $1. Innovative Industrial Properties, Inc. S. 89 at the end of this 3-month period. The stock is down more than 50% from its November 2021 high. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. 8 per share that represents a 9. 07% while the S&P 500 has risen 0. Shares are offering a tempting 6. 11% while IIPR is lower by -59. Despite the fact that Innovative Industrial Properties, Inc. 36, or -0. m. 73% from the previous trading session. Redeem. 86% move from the previous day. 67 in the latest trading session, marking a +1. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. The trust's dividend pay-out. 00 strike price has a current bid of $18. 75 in the latest trading session, marking a -0. 07 beats by $0. Innovative Industrial Properties, Inc. Find out why IIPR stock is a Hold. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. 75 to $4. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 87 per diluted share, in Q1. Find the latest Innovative Industrial Properties, Inc. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 18, Innovative Industrial Properties ( IIPR 3. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 44 and paid out $7. 15%) At close: 04:00PM EST. In 2021, IIPR grew revenue by 75% and AFFO. According to several analysts, the 7. Its stock is still down sharply from its peak, but has also tripled from its nadir at the end of 2022 on signs of an economic rebound and that a deep recession is likely to be averted. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. The safety that IIP's stock once offered investors is long gone. I last covered IIPR in August, where I rated the stock a buy on account of the 7. cannabis. If an investor was to purchase shares of IIPR stock at the current price. stock was issued. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 02, marking a -1. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. (IIPR) NYSE - NYSE Delayed Price. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. Innovative Industrial Properties Inc (IIPR) stock is down 0. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. Innovative Industrial Properties ( IIPR -2. ". 8% of its value on the day. 30 so far today. I discuss my thought process for REITs and trying to predict the future based on the past and present. Earnings per share increased from $1. 42.