Innovative Industrial Properties Stock Forecast, Price & News

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 61.1% and is now trading at $124.00.
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6 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its earnings results on Wednesday, August, 5th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.22 by $0.49. The firm had revenue of $24.35 million for the quarter, compared to analyst estimates of $25.40 million. Innovative Industrial Properties had a net margin of 55.69% and a return on equity of 6.01%.
View Innovative Industrial Properties' earnings history.

Innovative Industrial Properties declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $1.17 per share on Thursday, October 15th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Tuesday, September 29th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $1.06.
View Innovative Industrial Properties' dividend history.

6 equities research analysts have issued twelve-month price objectives for Innovative Industrial Properties' stock. Their forecasts range from $95.00 to $171.00. On average, they anticipate Innovative Industrial Properties' stock price to reach $130.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for Innovative Industrial Properties.

Innovative Industrial Properties saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,790,000 shares, an increase of 26.1% from the September 15th total of 1,420,000 shares. Based on an average daily trading volume, of 394,000 shares, the days-to-cover ratio is presently 4.5 days.
View Innovative Industrial Properties' Short Interest.

Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Canopy Growth (CGC), GrowGeneration (GRWG), OrganiGram (OGI), Emblem (EMC), ICC Labs (ICC), Bioventix PLC (BVXP.L) (BVXP), 22nd Century Group (XXII), KushCo (KSHB), General Cannabis (CANN), Grow Capital (GRWC), Terra Tech (TRTC), Leafbuyer Technologies (LBUY), Nemus Bioscience (NMUS) and Mentor Capital (MNTR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include Canopy Growth (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), AbbVie (ABBV), Paypal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and The Walt Disney (DIS).

(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.

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

Innovative Industrial Properties' stock is owned by many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (0.95%), Pacer Advisors Inc. (0.17%), Envestnet Asset Management Inc. (0.12%), Spirit of America Management Corp NY (0.10%), State of Alaska Department of Revenue (0.09%) and North Star Investment Management Corp. (0.08%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, David Stecher, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends for Innovative Industrial Properties.

IIPR stock was sold by a variety of institutional investors in the last quarter, including Pensionfund DSM Netherlands. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties.

IIPR stock was purchased by a variety of institutional investors in the last quarter, including Copeland Capital Management LLC, Envestnet Asset Management Inc., Executive Wealth Management LLC, Louisiana State Employees Retirement System, Toth Financial Advisory Corp, Pacer Advisors Inc., Wedbush Securities Inc., and Nisa Investment Advisors LLC. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, David Stecher, Gary A Kreitzer, and Mary A Curran.
View insider buying and selling activity for 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.

One share of IIPR stock can currently be purchased for approximately $124.00.

Innovative Industrial Properties has a market capitalization of $2.69 billion and generates $44.67 million in revenue each year. The company earns $23.48 million in net income (profit) each year or $3.27 on an earnings per share basis. Innovative Industrial Properties employs 15 workers across the globe.

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

Innovative Industrial Properties' mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The company can be reached via phone at 858-997-3332.