NYSE:IIPR - Innovative Industrial Properties Stock Price, Forecast & News

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

Innovative Industrial Properties announced a quarterly dividend on Wednesday, December 11th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.00 per share on Wednesday, January 15th. This represents a $4.00 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.78. View Innovative Industrial Properties' Dividend History.

Innovative Industrial Properties Inc (NYSE:IIPR) issued its earnings results on Wednesday, November, 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.67 by $0.12. The business had revenue of $11.56 million for the quarter, compared to analyst estimates of $10.70 million. Innovative Industrial Properties had a net margin of 51.10% and a return on equity of 5.45%. The company's revenue for the quarter was up 194.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. View Innovative Industrial Properties' Earnings History.

Innovative Industrial Properties is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Innovative Industrial Properties.

2 brokerages have issued 1 year target prices for Innovative Industrial Properties' stock. Their forecasts range from $148.00 to $148.00. On average, they expect Innovative Industrial Properties' share price to reach $148.00 in the next year. This suggests a possible upside of 79.4% from the stock's current price. View Analyst Price Targets for Innovative Industrial Properties.

2 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 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Innovative Industrial Properties.

News headlines about IIPR stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Innovative Industrial Properties earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Innovative Industrial Properties.

Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Canopy Growth (CGC), OrganiGram (OGI), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), KushCo (KSHB), GrowGeneration (GRWG), 22nd Century Group (XXII), Nemus Bioscience (NMUS), General Cannabis (CANN), Terra Tech (TRTC), mCig (MCIG), Grow Capital (GRWC) and United Cannabis (CNAB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include Canopy Growth (CGC), NVIDIA (NVDA), Aurora Cannabis (ACB), Alibaba Group (BABA), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), First Mining Gold (FFMGF), Micron Technology (MU), Charlotte's Web (CWBHF) and Paypal (PYPL).

(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.

Innovative Industrial Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.07%), State of Alaska Department of Revenue (0.07%), Brasada Capital Management LP (0.04%), AE Wealth Management LLC (0.03%), Gainplan LLC (0.02%) and Spirit of America Management Corp NY (0.01%). 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 and Paul E Smithers. View Institutional Ownership Trends for Innovative Industrial Properties.

IIPR stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Brasada Capital Management LP, AE Wealth Management LLC, Gainplan LLC, Spirit of America Management Corp NY, IFP Advisors Inc and State of Alaska Department of Revenue. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, David Stecher and Gary A Kreitzer. View Insider Buying and Selling for 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.

One share of IIPR stock can currently be purchased for approximately $82.50.

Innovative Industrial Properties has a market capitalization of $1.04 billion and generates $14.79 million in revenue each year. The company earns $6.99 million in net income (profit) each year or $1.34 on an earnings per share basis. Innovative Industrial Properties employs 6 workers across the globe.View Additional Information About Innovative Industrial Properties.

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

Innovative Industrial Properties' mailing address is 11440 WEST BERNARDO COURT SUITE 220, SAN DIEGO CA, 92127. The company can be reached via phone at 858-997-3332.