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NYSE:IIPR

Innovative Industrial Properties (IIPR) Stock Price, News & Analysis

Innovative Industrial Properties logo
$45.84 -0.26 (-0.56%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$46.00 +0.16 (+0.35%)
As of 08/8/2025 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Innovative Industrial Properties Stock (NYSE:IIPR)

Key Stats

Today's Range
$45.50
$46.54
50-Day Range
$45.84
$59.01
52-Week Range
$45.44
$138.35
Volume
604,363 shs
Average Volume
312,100 shs
Market Capitalization
$1.28 billion
P/E Ratio
9.92
Dividend Yield
16.58%
Price Target
$78.67
Consensus Rating
Hold

Company Overview

Innovative Industrial Properties Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
84th Percentile Overall Score

IIPR MarketRank™: 

Innovative Industrial Properties scored higher than 84% of companies evaluated by MarketBeat, and ranked 320th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Innovative Industrial Properties are expected to grow by 6.76% in the coming year, from $8.28 to $8.84 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Innovative Industrial Properties is 9.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 27.90.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Innovative Industrial Properties is 9.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.64.

  • Price to Book Value per Share Ratio

    Innovative Industrial Properties has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    6.32% of the outstanding shares of Innovative Industrial Properties have been sold short.
  • Short Interest Ratio / Days to Cover

    Innovative Industrial Properties has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Innovative Industrial Properties has recently decreased by 1.67%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Innovative Industrial Properties is a leading dividend payer. It pays a dividend yield of 16.49%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Innovative Industrial Properties has only been increasing its dividend for 4 years.

  • Dividend Coverage

    The dividend payout ratio of Innovative Industrial Properties is 146.15%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Innovative Industrial Properties will have a dividend payout ratio of 85.97% in the coming year. This indicates that Innovative Industrial Properties may not be able to sustain their current dividend.

  • Read more about Innovative Industrial Properties' dividend.
  • Percentage of Shares Shorted

    6.32% of the outstanding shares of Innovative Industrial Properties have been sold short.
  • Short Interest Ratio / Days to Cover

    Innovative Industrial Properties has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Innovative Industrial Properties has recently decreased by 1.67%, indicating that investor sentiment is improving.
  • News Sentiment

    Innovative Industrial Properties has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Innovative Industrial Properties this week, compared to 11 articles on an average week.
  • Search Interest

    42 people have searched for IIPR on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Innovative Industrial Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Innovative Industrial Properties insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of Innovative Industrial Properties is held by insiders.

  • Percentage Held by Institutions

    70.58% of the stock of Innovative Industrial Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Innovative Industrial Properties' insider trading history.
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IIPR Stock News Headlines

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- Related Stocks: NYSE:IIPR,
See More Headlines

IIPR Stock Analysis - Frequently Asked Questions

Innovative Industrial Properties' stock was trading at $66.64 on January 1st, 2025. Since then, IIPR shares have decreased by 31.2% and is now trading at $45.84.

Innovative Industrial Properties, Inc. (NYSE:IIPR) posted its quarterly earnings results on Wednesday, August, 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.03. The company's quarterly revenue was down 21.2% on a year-over-year basis.
Read the conference call transcript
.

Innovative Industrial Properties (IIPR) raised $176 million in an initial public offering on Thursday, December 1st 2016. The company issued 8,800,000 shares at $20.00 per share. Ladenburg Thalmann and Compass Point served as the underwriters for the IPO.

Innovative Industrial Properties' top institutional investors include Bank of New York Mellon Corp (1.27%), Geode Capital Management LLC (0.26%), Koa Wealth Management LLC (0.24%) and TrueWealth Advisors LLC (0.22%). Insiders that own company stock include Alan D Gold and David Stecher.
View institutional ownership trends
.

Shares of IIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Innovative Industrial Properties investors own include Mesa Air Group (MESA), BMO Capital Markets (), Stifel Nicolaus (), Wunderlich (), Standpoint Research (), Duncan Williams () and Soleil Securities ().

Company Calendar

Record date for 7/15 Dividend
6/30/2025
Ex-Dividend for 7/15 Dividend
6/30/2025
Dividend Payable
7/15/2025
Last Earnings
8/06/2025
Today
8/09/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
REIT - EQTY TRUST - OTHER
Sub-Industry
Cannabis
Current Symbol
NYSE:IIPR
Previous Symbol
NASDAQ:IIPR
CIK
1677576
Fax
N/A
Employees
20
Year Founded
N/A

Price Target and Rating

High Price Target
$130.00
Low Price Target
$45.00
Potential Upside/Downside
+71.6%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

EPS (Trailing Twelve Months)
$5.20
Trailing P/E Ratio
9.92
Forward P/E Ratio
5.54
P/E Growth
N/A
Net Income
$161.66 million
Net Margins
47.71%
Pretax Margin
47.71%
Return on Equity
7.26%
Return on Assets
5.83%

Debt

Debt-to-Equity Ratio
0.16
Current Ratio
10.30
Quick Ratio
10.73

Sales & Book Value

Annual Sales
$308.52 million
Price / Sales
4.16
Cash Flow
$8.20 per share
Price / Cash Flow
5.59
Book Value
$65.82 per share
Price / Book
0.70

Miscellaneous

Outstanding Shares
28,010,000
Free Float
27,451,000
Market Cap
$1.28 billion
Optionable
Optionable
Beta
1.65
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This page (NYSE:IIPR) was last updated on 8/9/2025 by MarketBeat.com Staff
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