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

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$47.47 +2.94 (+6.60 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$44.53
Today's Range$45.43 - $49.49
52-Week Range$17.68 - $49.49
Volume602,198 shs
Average Volume169,503 shs
Market Capitalization$298.58 million
P/E Ratio72.24
Dividend Yield2.27%
Beta-0.46
Innovative Industrial Properties logoInnovative 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. intends to elect to be taxed as a real estate investment trust.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate
Sub-IndustryCannabis
SectorFinance
SymbolNYSE:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Debt-to-Equity RatioN/A
Current Ratio27.10
Quick Ratio27.10

Price-To-Earnings

Trailing P/E Ratio72.24
Forward P/E Ratio39.89
P/E GrowthN/A

Sales & Book Value

Annual Sales$6.42 million
Price / Sales50.21
Cash Flow$0.1421 per share
Price / Cash334.04
Book Value$9.36 per share
Price / Book5.07

Profitability

EPS (Most Recent Fiscal Year)$0.67
Net Income$-70,000.00
Net Margins31.15%
Return on Equity3.13%
Return on Assets2.63%

Miscellaneous

Employees6
Outstanding Shares6,790,000
Market Cap$298.58 million

Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

What is Innovative Industrial Properties' stock symbol?

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

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 Friday, September 14th. Investors of record on Friday, September 28th will be paid a dividend of $0.35 per share on Monday, October 15th. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, September 27th. This is a positive change from Innovative Industrial Properties's previous quarterly dividend of $0.25. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) announced its quarterly earnings data on Friday, August, 10th. The company reported $0.17 EPS for the quarter. The firm earned $3.31 million during the quarter. Innovative Industrial Properties had a net margin of 31.15% and a return on equity of 3.13%. View Innovative Industrial Properties' Earnings History.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release their next quarterly earnings announcement on Wednesday, November, 14th 2018. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

1 brokerages have issued twelve-month price objectives for Innovative Industrial Properties' shares. Their forecasts range from $48.00 to $48.00. On average, they expect Innovative Industrial Properties' stock price to reach $48.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for Innovative Industrial Properties.

What is the consensus analysts' recommendation for Innovative Industrial Properties?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Innovative Industrial Properties.

Who are some of Innovative Industrial Properties' key competitors?

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the folowing people:
  • Mr. Alan D. Gold, Exec. Chairman (Age 58)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 61)
  • Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 47)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 42)
  • Mr. Andy Bui, Controller

When did Innovative Industrial Properties IPO?

(IIPR) raised $176 million in an initial public offering (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 acted as the underwriters for the IPO.

Has Innovative Industrial Properties been receiving favorable news coverage?

Press coverage about IIPR stock has been trending somewhat positive on Friday, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Innovative Industrial Properties earned a coverage optimism score of 0.18 on Accern's scale. They also gave media coverage about the company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Innovative Industrial Properties.

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.10%), Emerald Mutual Fund Advisers Trust (1.74%), Renaissance Technologies LLC (1.58%), Essex Investment Management Co. LLC (0.77%), Segall Bryant & Hamill LLC (0.41%) and Northern Trust Corp (0.33%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer, Paul E Smithers and Robert M Sistek. 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 David R. Rahn & Associates Inc. and Essex Investment Management Co. LLC. View Insider Buying and Selling for Innovative Industrial Properties.

Which major investors are buying Innovative Industrial Properties stock?

IIPR stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Emerald Mutual Fund Advisers Trust, Renaissance Technologies LLC, Segall Bryant & Hamill LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc. and Northern Trust Corp. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, Gary A Kreitzer, Paul E Smithers and Robert M Sistek. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $47.47.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $298.58 million and generates $6.42 million in revenue each year. The company earns $-70,000.00 in net income (profit) each year or $0.67 on an earnings per share basis. Innovative Industrial Properties employs 6 workers across the globe.

How can I contact Innovative Industrial Properties?

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.


MarketBeat Community Rating for Innovative Industrial Properties (NYSE IIPR)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  128 (Vote Outperform)
Underperform Votes:  143 (Vote Underperform)
Total Votes:  271
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.
This page was last updated on 9/21/2018 by MarketBeat.com Staff

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