NYSE:IIPR Innovative Industrial Properties Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Innovative Industrial Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $124.79 -1.39 (-1.10 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$122.34Now: $124.79▼$128.0950-Day Range$103.73MA: $118.24▼$128.0852-Week Range$40.21Now: $124.79▼$130.25Volume1.13 million shsAverage Volume478,881 shsMarket Capitalization$2.71 billionP/E Ratio44.89Dividend Yield3.36%Beta1.37 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial 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.Read More Beat the Market (BTM) Rank™ 1.4 Analyst's Opinion Consensus RatingInnovative Industrial Properties has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $130.00, Innovative Industrial Properties has a forecasted upside of 4.2% from its current price of $124.79.Amount of Analyst CoverageInnovative Industrial Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesInnovative Industrial Properties has received 253 “outperform” votes. (Add your “outperform” vote.)Underperform VotesInnovative Industrial Properties has received 298 “underperform” votes. (Add your “underperform” vote.)Community SentimentInnovative Industrial Properties has received 54.08% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial Properties and other stocks. Vote “Outperform” if you believe IIPR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IIPR will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldInnovative Industrial Properties pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthInnovative Industrial Properties has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Innovative Industrial Properties is 129.66%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 58.89% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innovative Industrial Properties insiders have sold 4,698.50% more of their company's stock than they have bought. Specifically, they have bought $59,130.00 in company stock and sold $2,837,355.00 in company stock.Percentage Held by InsidersOnly 2.90% of the stock of Innovative Industrial Properties is held by insiders.Percentage Held by Institutions74.72% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Innovative Industrial Properties are expected to grow by 54.84% in the coming year, from $4.65 to $7.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Innovative Industrial Properties is 44.89, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Innovative Industrial Properties is 44.89, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.12.Price to Book Value per Share RatioInnovative Industrial Properties has a P/B Ratio of 3.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.65 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate Sub-IndustryCannabis SectorFinance Current SymbolNYSE:IIPR Previous SymbolNASDAQ:IIPR CUSIPN/A CIK1677576 Webwww.innovativeindustrialproperties.com Phone858-997-3332Debt Debt-to-Equity Ratio0.14 Current Ratio115.43 Quick Ratio115.43Price-To-Earnings Trailing P/E Ratio44.89 Forward P/E Ratio26.84 P/E GrowthN/A Sales & Book Value Annual Sales$44.67 million Price / Sales60.62 Cash Flow$1.92 per share Price / Cash Flow65.03 Book Value$33.27 per share Price / Book3.75Profitability EPS (Most Recent Fiscal Year)$3.27 Net Income$23.48 million Net Margins55.69% Return on Equity6.01% Return on Assets4.59%Miscellaneous Employees6 Outstanding Shares21,700,000Market Cap$2.71 billion Next Earnings Date11/4/2020 (Estimated) OptionableNot Optionable $124.79 -1.39 (-1.10 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive IIPR News and Ratings via Email Sign-up to receive the latest news and ratings for IIPR and its competitors with MarketBeat's FREE daily newsletter. Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions How has Innovative Industrial Properties' stock price been impacted by COVID-19? Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IIPR shares have increased by 62.1% and is now trading at $124.79. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Innovative Industrial Properties? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Innovative Industrial Properties. When is Innovative Industrial Properties' next earnings date? Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. View our earnings forecast for Innovative Industrial Properties. How were Innovative Industrial Properties' earnings last quarter? Innovative Industrial Properties Inc (NYSE:IIPR) issued its quarterly earnings data on Wednesday, August, 5th. The company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.22 by $0.49. The company had revenue of $24.35 million for the quarter, compared to the consensus estimate of $25.40 million. Innovative Industrial Properties had a return on equity of 6.01% and a net margin of 55.69%. 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 Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.17 per share on Thursday, October 15th. This represents a $4.68 annualized dividend and a yield of 3.75%. The ex-dividend date is Tuesday, September 29th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $1.06. View Innovative Industrial Properties' dividend history. What price target have analysts set for IIPR? 6 analysts have issued 1-year price objectives for Innovative Industrial Properties' stock. Their forecasts range from $95.00 to $171.00. On average, they expect Innovative Industrial Properties' share price to reach $130.00 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View analysts' price targets for Innovative Industrial Properties. Are investors shorting Innovative Industrial Properties? Innovative Industrial Properties saw a decrease in short interest in August. As of August 14th, there was short interest totaling 1,520,000 shares, a decrease of 13.1% from the July 30th total of 1,750,000 shares. Based on an average trading volume of 418,300 shares, the days-to-cover ratio is currently 3.6 days. View Innovative Industrial Properties' Short Interest. Who are some of Innovative Industrial Properties' key competitors? Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Canopy Growth (CGC), GrowGeneration (GRWG), OrganiGram (OGI), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), 22nd Century Group (XXII), KushCo (KSHB), General Cannabis (CANN), Grow Capital (GRWC), Terra Tech (TRTC), mCig (MCIG), Leafbuyer Technologies (LBUY) and Nemus Bioscience (NMUS). View all 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 Canopy Growth (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), Cronos Group (CRON), AbbVie (ABBV), salesforce.com (CRM), GW Pharmaceuticals PLC- (GWPH), Walt Disney (DIS) and Paypal (PYPL). Who are Innovative Industrial Properties' key executives? Innovative Industrial Properties' management team includes the following people: Mr. Alan D. Gold, Exec. Chairman (Age 59)Mr. Paul E. Smithers, Pres, CEO & Director (Age 62)Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 48)Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 43)Mr. Andy Bui, Controller When did Innovative Industrial Properties IPO? (IIPR) raised $176 million in an IPO on Thursday, December 1st 2016. The company issued 8,800,000 shares at $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 Vanguard Group Inc. (9.94%), TimesSquare Capital Management LLC (2.72%), Bank of Montreal Can (2.16%), Point72 Asset Management L.P. (1.25%), Bank of New York Mellon Corp (1.07%) and Charles Schwab Investment Management Inc. (0.91%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, David Stecher, Gary A Kreitzer, Hg Vora Capital Management, Ll, Mary A Curran, Paul E Smithers and Scott Shoemaker. View institutional ownership trends for Innovative Industrial Properties. Which institutional investors are selling Innovative Industrial Properties stock? IIPR stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Goldman Sachs Group Inc., Two Sigma Advisers LP, Avalon Investment & Advisory, Advisory Services Network LLC, UBS Group AG, Exchange Traded Concepts LLC, and Prudential Financial Inc.. 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. Which institutional investors are buying Innovative Industrial Properties stock? IIPR stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Vanguard Group Inc., Balyasny Asset Management LLC, Copeland Capital Management LLC, Waterfront Capital Partners LLC, Charles Schwab Investment Management Inc., Nicholas Investment Partners LP, and Bank of New York Mellon Corp. 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. 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 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 $124.79. How big of a company is Innovative Industrial Properties? Innovative Industrial Properties has a market capitalization of $2.71 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 6 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. This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. 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