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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:IIPR

Innovative Industrial Properties Stock Forecast, Price & News

$189.30
-0.47 (-0.25 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$181.60
Now: $189.30
$190.89
50-Day Range
$147.66
MA: $174.73
$197.64
52-Week Range
$40.21
Now: $189.30
$199.35
Volume515,300 shs
Average Volume583,360 shs
Market Capitalization$4.20 billion
P/E Ratio61.26
Dividend Yield2.62%
Beta1.52
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Innovative Industrial Properties logo

MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

245th out of 1,704 stocks

Real Estate Industry

6th out of 59 stocks

Analyst Opinion: 2.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate
Sub-IndustryCannabis
SectorFinance
Previous SymbolNASDAQ:IIPR
CUSIPN/A
Phone858-997-3332
Employees14

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$44.67 million
Cash Flow$1.89 per share
Book Value$33.27 per share

Profitability

Net Income$23.48 million

Miscellaneous

Market Cap$4.20 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableNot Optionable
$189.30
-0.47 (-0.25 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

How has Innovative Industrial Properties' stock been impacted by Coronavirus (COVID-19)?

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 146.0% and is now trading at $189.30.
View which stocks have been most impacted by COVID-19
.

Is Innovative Industrial Properties a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Innovative Industrial Properties?

Wall Street analysts have given Innovative Industrial Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Innovative Industrial Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Innovative Industrial Properties
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) issued its earnings results on Wednesday, November, 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $34.33 million for the quarter, compared to analyst estimates of $28.25 million. Innovative Industrial Properties had a net margin of 55.71% and a return on equity of 6.05%.
View Innovative Industrial Properties' earnings history
.

How often does Innovative Industrial Properties pay dividends? What is the dividend yield for Innovative Industrial Properties?

Innovative Industrial Properties declared a quarterly dividend on Monday, December 14th. Stockholders of record on Thursday, December 31st will be paid a dividend of $1.24 per share on Friday, January 15th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, December 30th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $1.17.
View Innovative Industrial Properties' dividend history
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $4.96 per share and currently has a dividend yield of 2.62%. Innovative Industrial Properties has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 151.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 62.39% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

What price target have analysts set for IIPR?

7 analysts have issued 1-year target prices for Innovative Industrial Properties' shares. Their forecasts range from $104.00 to $250.00. On average, they anticipate Innovative Industrial Properties' share price to reach $186.71 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for Innovative Industrial Properties
or view Wall Street analyst' top-rated stocks.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,800,000 shares, an increase of 42.9% from the December 15th total of 1,260,000 shares. Based on an average daily trading volume, of 479,300 shares, the short-interest ratio is currently 3.8 days.
View Innovative Industrial Properties' Short Interest
.

Who are some of Innovative Industrial Properties' key competitors?

What other stocks do shareholders of Innovative Industrial Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), AbbVie (ABBV), PayPal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and The Walt Disney (DIS).

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the following people:
  • Mr. Alan D. Gold, Exec. Chairman (Age 60, Pay $1.96M)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 63, Pay $808.4k)
  • Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 49, Pay $478.4k)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 44, Pay $468.4k)
  • Mr. Andy Bui, Controller
  • Mr. Ben Regin, Director of Investments & Fin.

When did Innovative Industrial Properties IPO?

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

What is Innovative Industrial Properties' stock symbol?

Innovative Industrial Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "IIPR."

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), Louisiana State Employees Retirement System (0.05%), Crossmark Global Holdings Inc. (0.03%), Patriot Financial Group Insurance Agency LLC (0.02%), Silverleafe Capital Partners LLC (0.01%) and First Citizens Bank & Trust Co. (0.01%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, David Stecher, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends for Innovative Industrial Properties
.

Which major investors are selling Innovative Industrial Properties stock?

IIPR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Crossmark Global Holdings Inc., and Patriot Financial Group Insurance Agency LLC. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties
or view top insider-selling stocks.

Which major investors are buying Innovative Industrial Properties stock?

IIPR stock was acquired by a variety of institutional investors in the last quarter, including Silverleafe Capital Partners LLC, Private Asset Management Inc., Redpoint Investment Management Pty Ltd, Acropolis Investment Management LLC, and Louisiana State Employees Retirement System. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, David Stecher, Gary A Kreitzer, and Mary A Curran.
View insider buying and selling activity for Innovative Industrial Properties
or or view top insider-buying stocks.

How do I buy shares of Innovative Industrial Properties?

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

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $189.30.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $4.20 billion and generates $44.67 million in revenue each year. The company earns $23.48 million in net income (profit) each year or $3.27 on an earnings per share basis. Innovative Industrial Properties employs 14 workers across the globe.

What is Innovative Industrial Properties' official website?

The official website for Innovative Industrial Properties is www.innovativeindustrialproperties.com.

How can I contact Innovative Industrial Properties?

Innovative Industrial Properties' mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The company can be reached via phone at 858-997-3332 or via email at [email protected]

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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