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

$72.54
-3.99 (-5.21 %)
(As of 10/20/2019 11:29 AM ET)
Today's Range
$71.14
Now: $72.54
$76.63
50-Day Range
$73.08
MA: $88.56
$102.76
52-Week Range
$39.45
Now: $72.54
$139.53
Volume613,870 shs
Average Volume426,837 shs
Market Capitalization$819.70 million
P/E Ratio54.13
Dividend Yield4.08%
Beta2.11
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.

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$14.79 million
Cash Flow$0.87 per share
Book Value$26.67 per share

Profitability

Net Income$6.99 million

Miscellaneous

Employees6
Market Cap$819.70 million
Next Earnings Date11/6/2019 (Estimated)
OptionableNot Optionable

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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 0.60000 dividend on Monday, September 16th. Investors of record on Monday, September 30th will be given a dividend of $0.78 per share on Tuesday, October 15th. This represents a dividend yield of 3.4%. The ex-dividend date is Friday, September 27th. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.18. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.37 million. Innovative Industrial Properties had a return on equity of 5.17% and a net margin of 47.83%. Innovative Industrial Properties's quarterly revenue was up 160.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. 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 6th 2019. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

2 analysts have issued 1 year price targets for Innovative Industrial Properties' stock. Their predictions range from $148.00 to $148.00. On average, they expect Innovative Industrial Properties' stock price to reach $148.00 in the next twelve months. This suggests a possible upside of 104.0% from the stock's current price. View Analyst Price Targets for Innovative Industrial Properties.

What is the consensus analysts' recommendation 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.

Has Innovative Industrial Properties been receiving favorable news coverage?

Media coverage about IIPR stock has trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a news impact score of 0.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Innovative Industrial Properties.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest in September. As of September 30th, there was short interest totalling 3,040,000 shares, an increase of 13.4% from the August 30th total of 2,680,000 shares. Based on an average trading volume of 520,800 shares, the short-interest ratio is presently 5.8 days. Currently, 28.2% of the shares of the stock are short sold. View Innovative Industrial Properties' Current Options Chain.

Who are some of Innovative Industrial Properties' key competitors?

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 Canopy Growth (CGC), Aurora Cannabis (ACB), Cronos Group (CRON), First Mining Gold (FFMGF), GW Pharmaceuticals PLC- (GWPH), Integra Gold (ICG), Charlotte's Web (CWBHF), Alibaba Group (BABA), OrganiGram (OGI) and Micron Technology (MU).

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 acted as the underwriters for the IPO.

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Navellier & Associates Inc (0.12%), Pacer Advisors Inc. (0.11%), State of Alaska Department of Revenue (0.08%), Anderson Hoagland & Co. (0.06%), NEXT Financial Group Inc (0.05%) and Stephens Inc. AR (0.05%). 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.

Which major investors are selling Innovative Industrial Properties stock?

IIPR stock was sold by a variety of institutional investors in the last quarter, including Anderson Hoagland & Co., Envestnet Asset Management Inc., Optimum Investment Advisors and Navellier & Associates Inc. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe and Paul E Smithers. View Insider Buying and Selling for Innovative Industrial Properties.

Which major investors are buying Innovative Industrial Properties stock?

IIPR stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Stephens Inc. AR, Pacer Advisors Inc., Zurcher Kantonalbank Zurich Cantonalbank , Nisa Investment Advisors LLC, North Star Investment Management Corp., NEXT Financial Group Inc and Valeo Financial Advisors LLC. 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.

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, Robinhood, Fidelity and Charles Schwab.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $72.54.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $819.70 million 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.

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:  213 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  454
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 10/20/2019 by MarketBeat.com Staff

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