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NYSE:IIPR

Innovative Industrial Properties Stock Forecast, Price & News

$156.28
+1.66 (+1.07 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$151.78
Now: $156.28
$156.52
50-Day Range
$116.63
MA: $137.58
$156.28
52-Week Range
$40.21
Now: $156.28
$164.99
Volume346,362 shs
Average Volume472,173 shs
Market Capitalization$3.47 billion
P/E Ratio50.58
Dividend Yield3.03%
Beta1.39
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.
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Innovative Industrial Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.79 out of 5 stars


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$2.19 per share
Book Value$33.27 per share

Profitability

Net Income$23.48 million

Miscellaneous

Market Cap$3.47 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableNot Optionable
$156.28
+1.66 (+1.07 %)
(As of 11/25/2020 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 price been impacted by COVID-19 (Coronavirus)?

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 103.1% and is now trading at $156.28.
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
.

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 winning trading ideas this year 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) posted its quarterly earnings data on Wednesday, November, 4th. The company reported $0.86 EPS for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.07. The company had revenue of $34.33 million for the quarter, compared to analysts' expectations of $28.25 million. Innovative Industrial Properties had a net margin of 55.71% and a return on equity of 6.98%.
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 announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.17 per share on Thursday, October 15th. This represents a $4.68 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, September 29th. This is a boost 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 brokers have issued twelve-month price targets for Innovative Industrial Properties' shares. Their forecasts range from $100.00 to $185.00. On average, they expect Innovative Industrial Properties' stock price to reach $150.00 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
View analysts' price targets for Innovative Industrial Properties
.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a drop in short interest in October. As of October 15th, there was short interest totaling 1,230,000 shares, a drop of 31.3% from the September 30th total of 1,790,000 shares. Based on an average daily trading volume, of 407,900 shares, the days-to-cover ratio is presently 3.0 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 Canopy Growth (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 IPO 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.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.41%), State Street Corp (4.64%), Great West Life Assurance Co. Can (1.95%), Morgan Stanley (1.55%), American Assets Capital Advisers LLC (1.09%) and Charles Schwab Investment Management Inc. (1.05%). 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 Point72 Asset Management L.P., American Assets Capital Advisers LLC, Granite Point Capital Management L.P., HGI Capital Management LLC, Sheaff Brock Investment Advisors LLC, Virginia Retirement Systems ET AL, Dupont Capital Management Corp, and First Trust Advisors LP. 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 major investors are buying Innovative Industrial Properties stock?

IIPR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Great West Life Assurance Co. Can, State Street Corp, Squarepoint Ops LLC, Copeland Capital Management LLC, Arrowstreet Capital Limited Partnership, Charles Schwab Investment Management Inc., and Financial Enhancement Group LLC. 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 $156.28.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $3.47 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.

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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