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

$25.89 +0.09 (+0.35 %)
(As of 02/23/2018 04:00 PM ET)
Previous Close$25.89
Today's Range$25.66 - $25.95
52-Week Range$15.45 - $36.88
Volume59,313 shs
Average Volume135,300 shs
Market Capitalization$164.14 million
P/E Ratio-8.57
Dividend Yield3.88%
Beta-4.52

About Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties logoInnovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company's real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.

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Industry, Sector and Symbol

Industry Specialized REITs
Sub-IndustryCannabis
SectorFinance
SymbolNYSE:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Debt-to-Equity RatioN/A
Current Ratio37.00%
Quick Ratio37.00%

Price-To-Earnings

Trailing P/E Ratio-8.57284768211921
Forward P/E Ratio136.26
P/E GrowthN/A

Sales & Book Value

Annual Sales$320,000.00
Price / Sales514.56
Cash FlowN/A
Price / CashN/A
Book Value$18.04 per share
Price / Book1.44

Profitability

Trailing EPS($3.02)
Net Income$-4,390,000.00
Net Margins-108.39%
Return on Equity-8.09%
Return on Assets-7.47%

Miscellaneous

Employees5
Outstanding Shares6,360,000

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 declared a quarterly dividend on Friday, December 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.25 per share on Tuesday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.15. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) announced its earnings results on Wednesday, November, 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.05. The business earned $1.56 million during the quarter. Innovative Industrial Properties had a negative net margin of 108.39% and a negative return on equity of 8.09%. View Innovative Industrial Properties' Earnings History.

Where is Innovative Industrial Properties' stock going? Where will Innovative Industrial Properties' stock price be in 2018?

1 brokers have issued 12 month target prices for Innovative Industrial Properties' stock. Their predictions range from $34.00 to $34.00. On average, they expect Innovative Industrial Properties' share price to reach $34.00 in the next twelve months. View Analyst Ratings for Innovative Industrial Properties.

Who are some of Innovative Industrial Properties' key competitors?

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 a price of $20.00 per share. Ladenburg Thalmann and Compass Point served as the underwriters for the IPO.

Who owns Innovative Industrial Properties stock?

Innovative Industrial Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Essex Investment Management Co. LLC (0.41%), Snow Park Capital Partners LP (0.39%), Two Sigma Investments LP (0.39%), PVG Asset Management Corp (0.31%), Renaissance Technologies LLC (0.31%) and Symmetry Peak Management LLC (0.28%). 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.

Who bought Innovative Industrial Properties stock? Who is buying Innovative Industrial Properties stock?

Innovative Industrial Properties' stock was purchased by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Snow Park Capital Partners LP, Two Sigma Investments LP, PVG Asset Management Corp, Symmetry Peak Management LLC, Acadian Asset Management LLC, Virtu Financial LLC and Renaissance Technologies LLC. 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 Innovative Industrial Properties stock?

Shares of Innovative Industrial Properties 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 Innovative Industrial Properties stock can currently be purchased for approximately $25.89.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $164.14 million and generates $320,000.00 in revenue each year. The company earns $-4,390,000.00 in net income (profit) each year or ($3.02) on an earnings per share basis. Innovative Industrial Properties employs 5 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 (IIPR)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  75 (Vote Outperform)
Underperform Votes:  72 (Vote Underperform)
Total Votes:  147
MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Innovative Industrial Properties (NYSE:IIPR) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 3.003.003.003.00
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $34.00$34.00$22.50$22.50
Price Target Upside: 13.45% upside13.45% upside23.29% upside23.76% upside

Innovative Industrial Properties (NYSE:IIPR) Consensus Price Target History

Price Target History for Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE:IIPR) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/24/2018Ladenburg Thalmann Financial ServicesReiterated RatingBuy -> Buy$23.00 -> $34.00MediumView Rating Details
12/12/2016Compass PointInitiated CoverageBuy$21.00N/AView Rating Details
(Data available from 2/24/2016 forward)

Earnings

Innovative Industrial Properties (NYSE:IIPR) Earnings History and Estimates Chart

Earnings by Quarter for Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE IIPR) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/8/2017Q3 2017$0.04$0.09$1.56 millionViewN/AView Earnings Details
8/9/2017Q2 2017($0.13)$1.29 millionViewN/AView Earnings Details
5/10/2017Q1 2017($0.18)$1.33 millionViewN/AView Earnings Details
3/22/2017Q4 2016($2.80)$0.32 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Estimates

Innovative Industrial Properties (NYSE:IIPR) Earnings Estimates

Current Year EPS Consensus Estimate: $0.19 EPS
Next Year EPS Consensus Estimate: $1.32 EPS

Dividends

Innovative Industrial Properties (NYSE:IIPR) Dividend Information

Most Recent Dividend:1/16/2018
Annual Dividend:$1.00
Dividend Yield:3.86%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-33.11% (Trailing 12 Months of Earnings)
526.32% (Based on This Year's Estimates)
75.76% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE:IIPR) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/15/2017Quarterly$0.254.04%12/28/201712/29/20171/16/2018
9/15/2017quarterly$0.153.31%9/28/20179/29/201710/13/2017
5/31/2017special$0.156/28/20176/30/20177/14/2017
(Data available from 1/1/2013 forward)

Insider Trades

Innovative Industrial Properties (NYSE IIPR) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 10.60%
Institutional Ownership Percentage: 9.59%
Insider Trades by Quarter for Innovative Industrial Properties (NYSE:IIPR)
Institutional Ownership by Quarter for Innovative Industrial Properties (NYSE:IIPR)

Innovative Industrial Properties (NYSE IIPR) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/22/2017Alan D GoldInsiderBuy200$16.57$3,314.00281,964View SEC Filing  
8/18/2017Alan D GoldInsiderBuy700$16.78$11,746.00281,764View SEC Filing  
8/16/2017Alan D GoldInsiderBuy300$17.20$5,160.00281,064View SEC Filing  
8/15/2017Alan D GoldInsiderBuy200$17.16$3,432.00280,764View SEC Filing  
6/14/2017Alan D GoldInsiderBuy200$17.31$3,462.00280,564View SEC Filing  
6/13/2017Alan D GoldInsiderBuy500$17.31$8,655.00280,364View SEC Filing  
6/12/2017Alan D GoldInsiderBuy100$17.26$1,726.00279,864View SEC Filing  
6/1/2017Brian J WolfeVPSell4,737$17.56$83,181.7217,712View SEC Filing  
12/6/2016Alan D GoldInsiderBuy100$16.40$1,640.00200,700View SEC Filing  
12/5/2016Alan D GoldInsiderBuy200,600$20.00$4,012,000.00300View SEC Filing  
12/5/2016Paul E SmithersCEOBuy4,000$15.50$62,000.004,000View SEC Filing  
12/5/2016Robert M SistekCFOBuy400$18.34$7,336.00300View SEC Filing  
12/2/2016Gary A KreitzerDirectorBuy25,000$20.00$500,000.0025,000View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Innovative Industrial Properties (NYSE IIPR) News Headlines

Source:
DateHeadline
Comparing Uniti Group (UNIT) & Innovative Industrial Properties (IIPR)Comparing Uniti Group (UNIT) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - February 23 at 5:32 PM
Jernigan Capital (JCAP) and Innovative Industrial Properties (IIPR) Head to Head ComparisonJernigan Capital (JCAP) and Innovative Industrial Properties (IIPR) Head to Head Comparison
www.americanbankingnews.com - February 20 at 4:26 PM
Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016 - BenzingaInvesting In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016 - Benzinga
www.benzinga.com - February 19 at 8:25 AM
Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016
www.msn.com - February 18 at 5:25 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Price Target by BrokeragesZacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Price Target by Brokerages
www.americanbankingnews.com - February 16 at 9:28 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Given Average Rating of "Strong Buy" by AnalystsZacks: Innovative Industrial Properties Inc (IIPR) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - February 13 at 11:46 AM
Head-To-Head Review: Innovative Industrial Properties (IIPR) versus Jernigan Capital (JCAP)Head-To-Head Review: Innovative Industrial Properties (IIPR) versus Jernigan Capital (JCAP)
www.americanbankingnews.com - February 9 at 3:04 PM
Data Shows Positive Signs for Legal Cannabis Industry - PR Newswire (press release)Data Shows Positive Signs for Legal Cannabis Industry - PR Newswire (press release)
www.prnewswire.com - February 8 at 8:18 AM
Innovative Industrial Properties Announces Tax Treatment of 2017 DistributionsInnovative Industrial Properties Announces Tax Treatment of 2017 Distributions
finance.yahoo.com - February 2 at 9:50 AM
Reviewing Jernigan Capital (JCAP) & Innovative Industrial Properties (IIPR)Reviewing Jernigan Capital (JCAP) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - February 1 at 5:22 PM
Reviewing Innovative Industrial Properties (IIPR) & Jernigan Capital (JCAP)Reviewing Innovative Industrial Properties (IIPR) & Jernigan Capital (JCAP)
www.americanbankingnews.com - January 29 at 1:12 AM
 Analysts Set $34.00 Price Target for Innovative Industrial Properties Inc (IIPR) Analysts Set $34.00 Price Target for Innovative Industrial Properties Inc (IIPR)
www.americanbankingnews.com - January 29 at 1:12 AM
Innovative Industrial Properties (IIPR) Earns "Buy" Rating from Ladenburg Thalmann Financial ServicesInnovative Industrial Properties (IIPR) Earns "Buy" Rating from Ladenburg Thalmann Financial Services
www.americanbankingnews.com - January 28 at 5:10 PM
Zacks Investment Research Downgrades Innovative Industrial Properties (IIPR) to SellZacks Investment Research Downgrades Innovative Industrial Properties (IIPR) to Sell
www.americanbankingnews.com - January 27 at 6:40 AM
Innovative Industrial Properties (IIPR) versus QTS Realty Trust (QTS) Financial SurveyInnovative Industrial Properties (IIPR) versus QTS Realty Trust (QTS) Financial Survey
www.americanbankingnews.com - January 27 at 5:20 AM
Head to Head Analysis: Innovative Industrial Properties (IIPR) and Its PeersHead to Head Analysis: Innovative Industrial Properties (IIPR) and Its Peers
www.americanbankingnews.com - January 25 at 10:28 AM
Innovative Industrial Properties (IIPR) versus Its Competitors Financial ComparisonInnovative Industrial Properties (IIPR) versus Its Competitors Financial Comparison
www.americanbankingnews.com - January 25 at 9:48 AM
Head to Head Analysis: Innovative Industrial Properties (IIPR) vs. Its CompetitorsHead to Head Analysis: Innovative Industrial Properties (IIPR) vs. Its Competitors
www.americanbankingnews.com - January 25 at 3:12 AM
Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock - Business Wire (press release)Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock - Business Wire (press release)
www.businesswire.com - January 24 at 8:14 AM
Contrasting Innovative Industrial Properties (IIPR) and Its RivalsContrasting Innovative Industrial Properties (IIPR) and Its Rivals
www.americanbankingnews.com - January 23 at 11:10 PM
Analyzing Outfront Media (OUT) & Innovative Industrial Properties (IIPR)Analyzing Outfront Media (OUT) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - January 23 at 11:10 PM
Innovative Industrial Properties (IIPR) and The Competition Head-To-Head ComparisonInnovative Industrial Properties (IIPR) and The Competition Head-To-Head Comparison
www.americanbankingnews.com - January 23 at 5:30 PM
Head to Head Review: Innovative Industrial Properties (IIPR) vs. Its PeersHead to Head Review: Innovative Industrial Properties (IIPR) vs. Its Peers
www.americanbankingnews.com - January 23 at 5:30 PM
Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common StockInnovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock
finance.yahoo.com - January 23 at 5:19 PM
Innovative Industrial Properties (IIPR) Upgraded to Buy by Zacks Investment ResearchInnovative Industrial Properties (IIPR) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - January 20 at 12:33 PM
Contrasting Innovative Industrial Properties (IIPR) & Its PeersContrasting Innovative Industrial Properties (IIPR) & Its Peers
www.americanbankingnews.com - January 19 at 7:08 PM
Innovative Industrial Properties (IIPR) and Its Rivals Head to Head SurveyInnovative Industrial Properties (IIPR) and Its Rivals Head to Head Survey
www.americanbankingnews.com - January 19 at 3:14 PM
Contrasting Innovative Industrial Properties (IIPR) & The CompetitionContrasting Innovative Industrial Properties (IIPR) & The Competition
www.americanbankingnews.com - January 19 at 1:08 AM
Contrasting Innovative Industrial Properties (IIPR) and The CompetitionContrasting Innovative Industrial Properties (IIPR) and The Competition
www.americanbankingnews.com - January 18 at 5:36 PM
Mid-Day Market Update: Alcoa Drops On Earnings Miss; SPI Energy Shares SurgeMid-Day Market Update: Alcoa Drops On Earnings Miss; SPI Energy Shares Surge
www.nasdaq.com - January 18 at 3:44 PM
Innovative Industrial Properties (IIPR) vs. Its Rivals Head to Head ContrastInnovative Industrial Properties (IIPR) vs. Its Rivals Head to Head Contrast
www.americanbankingnews.com - January 18 at 3:28 PM
Mid-Morning Market Update: Markets Edge Lower; Morgan Stanley Beats Q4 EstimatesMid-Morning Market Update: Markets Edge Lower; Morgan Stanley Beats Q4 Estimates
www.nasdaq.com - January 18 at 11:49 AM
Innovative Industrial Properties (IIPR) & The Competition Critical AnalysisInnovative Industrial Properties (IIPR) & The Competition Critical Analysis
www.americanbankingnews.com - January 18 at 3:06 AM
Innovative Industrial Properties (IIPR) and Its Competitors Head-To-Head SurveyInnovative Industrial Properties (IIPR) and Its Competitors Head-To-Head Survey
www.americanbankingnews.com - January 18 at 3:06 AM
Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common StockInnovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock
finance.yahoo.com - January 17 at 4:18 PM
Innovative Industrial Properties (IIPR) vs. Its Competitors Critical ReviewInnovative Industrial Properties (IIPR) vs. Its Competitors Critical Review
www.americanbankingnews.com - January 17 at 1:28 AM
Reviewing Innovative Industrial Properties (IIPR) and Its PeersReviewing Innovative Industrial Properties (IIPR) and Its Peers
www.americanbankingnews.com - January 16 at 1:10 PM
Innovative Industrial Properties (IIPR) vs. Its Peers Head-To-Head ReviewInnovative Industrial Properties (IIPR) vs. Its Peers Head-To-Head Review
www.americanbankingnews.com - January 16 at 7:32 AM
 Brokerages Set $23.00 Price Target for Innovative Industrial Properties Inc (IIPR) Brokerages Set $23.00 Price Target for Innovative Industrial Properties Inc (IIPR)
www.americanbankingnews.com - January 14 at 11:30 AM
Head-To-Head Comparison: Innovative Industrial Properties (IIPR) versus Its CompetitorsHead-To-Head Comparison: Innovative Industrial Properties (IIPR) versus Its Competitors
www.americanbankingnews.com - January 14 at 3:58 AM
Innovative Industrial Properties (IIPR) versus Its Peers Critical ContrastInnovative Industrial Properties (IIPR) versus Its Peers Critical Contrast
www.americanbankingnews.com - January 13 at 11:34 PM
Reviewing Innovative Industrial Properties (IIPR) & Its PeersReviewing Innovative Industrial Properties (IIPR) & Its Peers
www.americanbankingnews.com - January 13 at 11:26 AM
Head-To-Head Review: Gladstone Land (LAND) & Innovative Industrial Properties (IIPR)Head-To-Head Review: Gladstone Land (LAND) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - January 13 at 7:52 AM
Contrasting Innovative Industrial Properties (IIPR) and Its PeersContrasting Innovative Industrial Properties (IIPR) and Its Peers
www.americanbankingnews.com - January 12 at 8:02 AM
Head to Head Review: Innovative Industrial Properties (IIPR) vs. Its RivalsHead to Head Review: Innovative Industrial Properties (IIPR) vs. Its Rivals
www.americanbankingnews.com - January 11 at 5:24 PM
Critical Comparison: Innovative Industrial Properties (IIPR) & Its CompetitorsCritical Comparison: Innovative Industrial Properties (IIPR) & Its Competitors
www.americanbankingnews.com - January 11 at 5:24 PM
Comparing Innovative Industrial Properties (IIPR) and Its CompetitorsComparing Innovative Industrial Properties (IIPR) and Its Competitors
www.americanbankingnews.com - January 11 at 3:34 PM
Financial Survey: Innovative Industrial Properties (IIPR) and Its PeersFinancial Survey: Innovative Industrial Properties (IIPR) and Its Peers
www.americanbankingnews.com - January 11 at 1:10 AM
Head to Head Comparison: Innovative Industrial Properties (IIPR) vs. The CompetitionHead to Head Comparison: Innovative Industrial Properties (IIPR) vs. The Competition
www.americanbankingnews.com - January 10 at 9:46 AM
Innovative Industrial Properties (IIPR) and Its Competitors Critical ComparisonInnovative Industrial Properties (IIPR) and Its Competitors Critical Comparison
www.americanbankingnews.com - January 9 at 3:42 PM

SEC Filings

Innovative Industrial Properties (NYSE:IIPR) SEC Filings

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Social Media

Financials

Innovative Industrial Properties (NYSE:IIPR) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Innovative Industrial Properties (NYSE IIPR) Stock Chart for Saturday, February, 24, 2018

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This page was last updated on 2/24/2018 by MarketBeat.com Staff

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