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Innovative Industrial Properties Stock Forecast, Price & News

$109.87
-0.78 (-0.70%)
(As of 06/30/2022 05:49 PM ET)
Add
Compare
Today's Range
$107.00
$112.00
50-Day Range
$108.34
$156.80
52-Week Range
$107.00
$288.02
Volume
268,354 shs
Average Volume
295,083 shs
Market Capitalization
$3.07 billion
P/E Ratio
22.75
Dividend Yield
6.33%
Price Target
$239.00
30 days | 90 days | 365 days | Advanced Chart

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IIPR Stock Forecast (MarketRank)

Overall MarketRank

3.15 out of 5 stars

Finance Sector

143rd out of 1,394 stocks

Real Estate Industry

3rd out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
Innovative Industrial Properties logo

About Innovative Industrial Properties (NYSE:IIPR)

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.

IIPR Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Fax
N/A
Employees
18
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
5/04/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Today
6/30/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$239.00
High Stock Price Forecast
$290.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+117.5%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
5 Analysts

Profitability

Net Income
$113.99 million
Pretax Margin
54.43%

Debt

Sales & Book Value

Annual Sales
$204.55 million
Cash Flow
$5.69 per share
Book Value
$62.35 per share

Miscellaneous

Free Float
27,551,000
Market Cap
$3.07 billion
Optionable
Not Optionable
Beta
1.78














Innovative Industrial Properties Frequently Asked Questions

Should I buy or sell Innovative Industrial Properties stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. 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.

What is Innovative Industrial Properties' stock price forecast for 2022?

5 brokers have issued twelve-month target prices for Innovative Industrial Properties' shares. Their IIPR stock forecasts range from $175.00 to $290.00. On average, they predict Innovative Industrial Properties' stock price to reach $239.00 in the next twelve months. This suggests a possible upside of 117.5% from the stock's current price.
View analysts' price targets for Innovative Industrial Properties
or view top-rated stocks among Wall Street analysts.

How has Innovative Industrial Properties' stock performed in 2022?

Innovative Industrial Properties' stock was trading at $262.91 at the beginning of the year. Since then, IIPR stock has decreased by 58.2% and is now trading at $109.87.
View the best growth stocks for 2022 here
.

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 analysts' consensus estimates of $1.91 by $0.59. The firm earned $64.50 million during the quarter, compared to analyst estimates 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 company's revenue was up 50.4% compared to the same quarter last year. During the same quarter last year, the company earned $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 announced a quarterly dividend on Wednesday, June 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $1.75 per share on Friday, July 15th. This represents a $7.00 annualized dividend and a yield of 6.37%. The ex-dividend date is Wednesday, June 29th.
View Innovative Industrial Properties' dividend history
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties(NYSE:IIPR) pays an annual dividend of $7.00 per share and currently has a dividend yield of 6.33%. 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.

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the following people:

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."

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.
Compare Top Brokerages Here.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $109.87.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $3.07 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.

How can I contact Innovative Industrial Properties?

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

This page (NYSE:IIPR) was last updated on 6/30/2022 by MarketBeat.com Staff

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