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

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$52.11 +0.36 (+0.70 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$52.11
Today's Range$51.45 - $53.34
52-Week Range$22.30 - $55.63
Volume197,002 shs
Average Volume284,663 shs
Market Capitalization$485.67 million
P/E Ratio77.78
Dividend Yield2.71%
Beta0.94
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate
Sub-IndustryCannabis
SectorFinance
Current SymbolNYSE:IIPR
Previous SymbolNASDAQ:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Debt-to-Equity RatioN/A
Current Ratio48.72
Quick Ratio48.72

Price-To-Earnings

Trailing P/E Ratio77.78
Forward P/E Ratio46.12
P/E GrowthN/A

Sales & Book Value

Annual Sales$6.42 million
Price / Sales76.22
Cash Flow$0.1326 per share
Price / Cash Flow392.88
Book Value$9.36 per share
Price / Book5.57

Profitability

EPS (Most Recent Fiscal Year)$0.67
Net Income$-70,000.00
Net Margins37.34%
Return on Equity3.89%
Return on Assets3.24%

Miscellaneous

Employees6
Outstanding Shares9,390,000
Market Cap$485.67 million
OptionableNot Optionable

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, September 14th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.35 per share on Monday, October 15th. This represents a $1.40 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 27th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.25. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) posted its earnings results on Wednesday, March, 28th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.11. The company had revenue of $2.28 million for the quarter. Innovative Industrial Properties had a return on equity of 3.89% and a net margin of 37.34%. 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, March 27th 2019. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

2 analysts have issued 12 month target prices for Innovative Industrial Properties' stock. Their forecasts range from $48.00 to $50.00. On average, they expect Innovative Industrial Properties' share price to reach $49.00 in the next twelve months. This suggests that the stock has a possible downside of 6.0%. 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 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 coverage about IIPR stock has trended somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Innovative Industrial Properties earned a coverage optimism score of 0.7 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the near term.

Who are some of Innovative Industrial Properties' key competitors?

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the folowing people:
  • Mr. Alan D. Gold, Exec. Chairman (Age 58)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 61)
  • Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 47)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 42)
  • 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 served as the underwriters for the IPO.

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.47%), Vanguard Group Inc (3.20%), Vanguard Group Inc. (3.20%), Essex Investment Management Co. LLC (2.06%), Emerald Mutual Fund Advisers Trust (1.29%) and Morgan Stanley (0.74%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer and Hg Vora Capital Management, Ll. 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 Renaissance Technologies LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Cornerstone Wealth Management LLC and IFP Advisors Inc. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe and Hg Vora Capital Management, Ll. 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 Essex Investment Management Co. LLC, Uniplan Investment Counsel Inc., Russell Investments Group Ltd., Vanguard Group Inc, Vanguard Group Inc., Sterling Capital Management LLC, Penn Capital Management Co. Inc. and Morgan Stanley. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold 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 $52.11.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $485.67 million and generates $6.42 million in revenue each year. The company earns $-70,000.00 in net income (profit) each year or $0.67 on an earnings per share basis. Innovative Industrial Properties employs 6 workers across the globe.

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:  145 (Vote Outperform)
Underperform Votes:  166 (Vote Underperform)
Total Votes:  311
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 12/15/2018 by MarketBeat.com Staff

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