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

$106.10
+3.54 (+3.45 %)
(As of 08/18/2019 08:52 AM ET)
Today's Range
$101.69
Now: $106.10
$106.24
50-Day Range
$99.00
MA: $115.47
$138.78
52-Week Range
$34.25
Now: $106.10
$139.53
Volume282,900 shs
Average Volume533,257 shs
Market Capitalization$1.20 billion
P/E Ratio54.26
Dividend Yield2.34%
Beta2.01
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$0.9545 per share
Book Value$22.31 per share

Profitability

Net Income$6.99 million

Miscellaneous

Employees6
Market Cap$1.20 billion
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 quarterly dividend on Monday, June 17th. Investors of record on Friday, June 28th will be given a dividend of $0.60 per share on Monday, July 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, June 27th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.45. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) released its earnings results on Wednesday, August, 7th. The company reported $0.30 EPS for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.18. The firm earned $8.62 billion during the quarter, compared to analyst estimates of $8.37 million. Innovative Industrial Properties had a return on equity of 5.17% and a net margin of 47.83%. The firm's revenue was up 160.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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?

3 equities research analysts have issued 1 year price targets for Innovative Industrial Properties' stock. Their predictions range from $48.00 to $148.00. On average, they expect Innovative Industrial Properties' stock price to reach $82.00 in the next year. This suggests that the stock has a possible downside of 22.7%. 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 1 hold rating and 2 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 negative on Sunday, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a news impact score of -2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Innovative Industrial Properties.

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), First Mining Gold (FFMGF), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), Integra Gold (ICG), OrganiGram (OGI), NVIDIA (NVDA), Alibaba Group (BABA) and Compass Diversified (CODI).

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 (IPO) 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 variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.45%), Vanguard Group Inc. (11.96%), ETF Managers Group LLC (2.71%), Essex Investment Management Co. LLC (1.23%), Morgan Stanley (1.20%) and Northern Trust Corp (1.29%). 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 institutional investors are selling Innovative Industrial Properties stock?

IIPR stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, TimesSquare Capital Management LLC, Essex Investment Management Co. LLC, Bank of New York Mellon Corp, Ladenburg Thalmann Financial Services Inc., Menta Capital LLC, Bell Rock Capital LLC and grace capital. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe, Hg Vora Capital Management, Ll and Paul E Smithers. View Insider Buying and Selling for Innovative Industrial Properties.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was acquired by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Vanguard Group Inc., Sheaff Brock Investment Advisors LLC, Nuveen Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Invesco Ltd. and Northern Trust Corp. 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, Scottrade, Fidelity and Charles Schwab.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $106.10.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $1.20 billion 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:  199 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  427
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 8/18/2019 by MarketBeat.com Staff

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