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QQQ   324.08
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This Stock's Getting Attention (Ad)
Why Invest in High-Yield Dividend Stocks?
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Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Look at Honeywell for a Steady and Diversified Stock
Can You Guess Which EV Stock Is Beating Tesla ?
Big climate bill; Spending green bucks to boost green energy
A Breakout Stock Is On The Way (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
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This Stock's Getting Attention (Ad)
Why Invest in High-Yield Dividend Stocks?
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NYSE:IIPR

Innovative Industrial Properties - IIPR Stock Forecast, Price & News

$96.37
+2.01 (+2.13%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$94.88
$97.60
50-Day Range
$89.04
$136.66
52-Week Range
$88.38
$288.02
Volume
195,569 shs
Average Volume
405,847 shs
Market Capitalization
$2.70 billion
P/E Ratio
18.97
Dividend Yield
7.42%
Price Target
$151.60

Innovative Industrial Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
57.3% Upside
$151.60 Price Target
Short Interest
Bearish
8.08% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions of Innovative Industrial Properties in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$94,220 Bought Last Quarter
Proj. Earnings Growth
12.15%
From $7.82 to $8.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.12 out of 5 stars

Finance Sector

72nd out of 920 stocks

Real Estate Industry

3rd out of 22 stocks

IIPR stock logo

About Innovative Industrial Properties (NYSE:IIPR) Stock

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized 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.

Innovative Industrial Properties Stock Performance

NYSE:IIPR traded up $1.56 during mid-day trading on Thursday, hitting $95.92. The company's stock had a trading volume of 3,205 shares, compared to its average volume of 402,303. Innovative Industrial Properties has a 1 year low of $88.38 and a 1 year high of $288.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 55.21 and a quick ratio of 55.21. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 18.57 and a beta of 1.63. The business's fifty day moving average is $108.57 and its two-hundred day moving average is $150.65.

Innovative Industrial Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend was Wednesday, June 29th. Innovative Industrial Properties's payout ratio is 137.80%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IIPR. JMP Securities dropped their price objective on shares of Innovative Industrial Properties from $190.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, July 19th. Craig Hallum dropped their price objective on shares of Innovative Industrial Properties from $175.00 to $125.00 in a report on Monday, July 18th. Piper Sandler dropped their price objective on shares of Innovative Industrial Properties from $160.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday. BTIG Research dropped their price objective on shares of Innovative Industrial Properties from $290.00 to $248.00 and set a "buy" rating on the stock in a report on Friday, July 15th. Finally, TheStreet lowered shares of Innovative Industrial Properties from a "b-" rating to a "c+" rating in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.60.

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IIPR Stock News Headlines

Investors See Opportunity in Huge Global Demand for Lithium
The global lithium market is projected to surge 500% due to a growing need for lithium-filled batteries. And one junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
See More Headlines
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IIPR Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/12/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Fax
N/A
Employees
18
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$151.60
High Stock Price Forecast
$248.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+57.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$113.99 million
Pretax Margin
54.07%

Debt

Sales & Book Value

Annual Sales
$204.55 million
Cash Flow
$6.31 per share
Book Value
$70.13 per share

Miscellaneous

Free Float
27,553,000
Market Cap
$2.70 billion
Optionable
Not Optionable
Beta
1.63














IIPR Stock - Frequently Asked Questions

Should I buy or sell Innovative Industrial Properties stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IIPR shares.
View IIPR analyst ratings
or view top-rated stocks.

What is Innovative Industrial Properties' stock price forecast for 2022?

6 Wall Street research analysts have issued 1-year price objectives for Innovative Industrial Properties' shares. Their IIPR share price forecasts range from $100.00 to $248.00. On average, they predict the company's share price to reach $151.60 in the next year. This suggests a possible upside of 57.3% from the stock's current price.
View analysts price targets for IIPR
or view top-rated stocks among Wall Street analysts.

How have IIPR shares performed in 2022?

Innovative Industrial Properties' stock was trading at $262.91 on January 1st, 2022. Since then, IIPR stock has decreased by 63.3% and is now trading at $96.37.
View the best growth stocks for 2022 here
.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,210,000 shares, an increase of 26.3% from the June 15th total of 1,750,000 shares. Based on an average daily volume of 324,100 shares, the short-interest ratio is currently 6.8 days.
View Innovative Industrial Properties' Short Interest
.

When is Innovative Industrial Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our IIPR earnings forecast
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) issued its earnings results on Wednesday, November, 3rd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. The business had revenue of $53.86 million for the quarter, compared to the consensus estimate of $52.80 million. Innovative Industrial Properties had a trailing twelve-month return on equity of 8.01% and a net margin of 54.07%.

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 Wednesday, June 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $1.75 per share on Friday, July 15th. This represents a $7.00 annualized dividend and a yield of 7.26%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for IIPR
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties (NYSE:IIPR) pays an annual dividend of $7.00 per share and currently has a dividend yield of 7.42%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 137.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IIPR will have a dividend payout ratio of 79.82% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IIPR.

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 NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), AbbVie (ABBV), PayPal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and Walt Disney (DIS).

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.

What is Innovative Industrial Properties' stock symbol?

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

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (1.07%), AdvisorShares Investments LLC (0.76%), Principal Financial Group Inc. (0.63%), JPMorgan Chase & Co. (0.52%), Mirae Asset Global Investments Co. Ltd. (0.51%) and American Assets Capital Advisers LLC (0.38%). Insiders that own company stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, David Stecher, Gary A Kreitzer, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends
.

How do I buy shares of Innovative Industrial Properties?

Shares of IIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $96.37.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.70 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $5.08 on an earnings per share basis.

How can I contact Innovative Industrial Properties?

Innovative Industrial Properties' mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The official website for the company is www.innovativeindustrialproperties.com. The company can be reached via phone at (858) 997-3332 or via email at ir@iipreit.com.

This page (NYSE:IIPR) was last updated on 8/12/2022 by MarketBeat.com Staff

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