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

Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

Is Innovative Industrial Properties a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties or view top-rated stocks.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,470,000 shares, an increase of 27.8% from the April 15th total of 1,150,000 shares. Based on an average daily trading volume, of 308,200 shares, the days-to-cover ratio is presently 4.8 days.
View Innovative Industrial Properties' Short Interest.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Innovative Industrial Properties.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) posted its earnings results on Wednesday, May, 4th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.93 by $0.61. The business earned $64.50 million during the quarter, compared to analysts' expectations of $63.19 million. Innovative Industrial Properties had a net margin of 54.43% and a trailing twelve-month return on equity of 7.91%. The firm's revenue was up 50.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share.
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, March 15th. Investors of record on Thursday, March 31st will be given a dividend of $1.75 per share on Thursday, April 14th. This represents a $7.00 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Wednesday, March 30th. This is a positive change from Innovative Industrial Properties's previous quarterly dividend of $1.50.
View Innovative Industrial Properties' dividend history.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $7.00 per share and currently has a dividend yield of 5.06%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Innovative Industrial Properties has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Innovative Industrial Properties is 144.93%. 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 73.92% 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?

5 equities research analysts have issued twelve-month price targets for Innovative Industrial Properties' shares. Their forecasts range from $175.00 to $300.00. On average, they anticipate Innovative Industrial Properties' share price to reach $257.33 in the next twelve months. This suggests a possible upside of 85.8% from the stock's current price.
View analysts' price targets for Innovative Industrial Properties or view top-rated stocks among Wall Street analysts.

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the following people:

• Mr. Alan D. Gold, Exec. Chairman (Age 62, Pay $11.12M)
• Mr. Paul E. Smithers, Pres, CEO & Director (Age 65, Pay $2.11M) (LinkedIn Profile)
• Ms. Catherine Hastings CPA, CFO & Treasurer (Age 51, Pay $779.95k) (LinkedIn Profile)
• Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 46, Pay $746.2k)
• Mr. Andy Bui, VP & Chief Accounting Officer (Age 40) (LinkedIn Profile)
• Mr. Ben Regin, Director of Investments & Fin.

Who are some of Innovative Industrial Properties' key competitors?

Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Cronos Group (MJN), CanniMed Therapeutics (CMED), OrganiGram (OGI), GrowGeneration (GRWG), 22nd Century Group (XXII), Emblem (EMC), ICC Labs (ICC), Leaf Mobile (LEAF), Bioventix (BVXP), Maple Leaf Green World (MGW), KushCo (KSHB), Nemus Bioscience (NMUS), Unrivaled Brands (TRTC) and Net Savings Link (NSAV).
View all of IIPR's 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 Walt Disney (DIS).

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 a price of $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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.66%), Vanguard Group Inc. (14.26%), AdvisorShares Investments LLC (1.62%), Northern Trust Corp (1.18%), Charles Schwab Investment Management Inc. (1.11%) and Bank of New York Mellon Corp (0.96%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, Gary A Kreitzer, Gary A Kreitzer, 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 AdvisorShares Investments LLC, Lord Abbett & CO. LLC, JPMorgan Chase & Co., McGowan Group Asset Management Inc., Penserra Capital Management LLC, Capital Fund Management S.A., Group One Trading L.P., and First Trust Advisors LP. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Andy Bui, Catherine Hastings, Gary A Kreitzer, Paul E Smithers, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties or view top insider-selling stocks.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., TimesSquare Capital Management LLC, PEAK6 Investments LLC, Charles Schwab Investment Management Inc., Full18 Capital LLC, Copeland Capital Management LLC, and Pacer Advisors Inc..
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.
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What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $138.47.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $3.87 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $4.829990 on an earnings per share basis.

How many employees does Innovative Industrial Properties have?

Innovative Industrial Properties employs 18 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].