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

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$64.69 -0.67 (-1.03 %)
(As of 02/20/2019 01:10 PM ET)
Previous Close$65.36
Today's Range$64.44 - $66.60
52-Week Range$23.63 - $68.21
Volume359,185 shs
Average Volume330,804 shs
Market Capitalization$607.44 million
P/E Ratio96.55
Dividend Yield2.15%
Beta1.62
Innovative 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. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

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Industry, Sector and Symbol

Industry Real estate
Sub-IndustryCannabis
SectorFinance
Previous SymbolNASDAQ:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.42 million
Cash Flow$0.1311 per share
Book Value$9.36 per share

Profitability

Net Income$-70,000.00

Miscellaneous

Employees6
Market Cap$607.44 million
OptionableNot Optionable

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, December 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.35 per share on Tuesday, January 15th. This represents a $1.40 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, December 28th. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) issued its quarterly earnings results on Wednesday, March, 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.11. The firm earned $2.28 million during the quarter. Innovative Industrial Properties had a net margin of 37.34% and a return on equity of 3.89%. 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, March 27th 2019. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

3 brokerages have issued twelve-month target prices for Innovative Industrial Properties' shares. Their forecasts range from $48.00 to $60.00. On average, they anticipate Innovative Industrial Properties' share price to reach $52.6667 in the next twelve months. This suggests that the stock has a possible downside of 18.6%. View Analyst Price Targets for Innovative Industrial Properties.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Innovative Industrial Properties.

Has Innovative Industrial Properties been receiving favorable news coverage?

News articles about IIPR stock have trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. 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 -1.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

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 59)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 62)
  • Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 48)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 43)
  • Mr. Andy Bui, Controller

When did Innovative Industrial Properties IPO?

(IIPR) raised $176 million in an initial public offering 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.

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. (5.76%), Emerald Mutual Fund Advisers Trust (2.66%), Essex Investment Management Co. LLC (2.00%), Cannell Capital LLC (1.21%), Northern Trust Corp (1.10%) and Lord Abbett & CO. LLC (0.97%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer and Hg Vora Capital Management, Ll. 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 Uniplan Investment Counsel Inc., Van Hulzen Asset Management LLC, MetLife Investment Advisors LLC, NBW Capital LLC and Bank of Montreal Can. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe and Hg Vora Capital Management, Ll. View Insider Buying and Selling for Innovative Industrial Properties.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was bought by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, BlackRock Inc., Cannell Capital LLC, Thomson Horstmann & Bryant Inc., Essex Investment Management Co. LLC, Bank of New York Mellon Corp, Northern Trust Corp and Monarch Partners Asset Management LLC. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold and Gary A Kreitzer. 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 $64.69.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $607.44 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.

What is Innovative Industrial Properties' official website?

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

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:  2.3 out of 5 (star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  340
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 2/20/2019 by MarketBeat.com Staff

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