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

$80.76
+1.31 (+1.65 %)
(As of 01/26/2020 01:08 PM ET)
Today's Range
$76.56
Now: $80.76
$80.83
50-Day Range
$70.97
MA: $76.73
$84.33
52-Week Range
$58.01
Now: $80.76
$139.53
Volume2.31 million shs
Average Volume408,526 shs
Market Capitalization$1.02 billion
P/E Ratio56.48
Dividend Yield5.03%
Beta1.95
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$0.94 per share
Book Value$26.67 per share

Profitability

Net Income$6.99 million

Miscellaneous

Employees6
Market Cap$1.02 billion
Next Earnings Date3/11/2020 (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 announced a quarterly dividend on Wednesday, December 11th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.00 per share on Wednesday, January 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Monday, December 30th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.78. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by $0.12. The business had revenue of $11.56 million for the quarter, compared to the consensus estimate of $10.70 million. Innovative Industrial Properties had a return on equity of 5.45% and a net margin of 51.10%. Innovative Industrial Properties's quarterly revenue was up 194.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 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, March 11th 2020. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

2 brokers have issued 12 month price objectives for Innovative Industrial Properties' stock. Their forecasts range from $148.00 to $148.00. On average, they expect Innovative Industrial Properties' stock price to reach $148.00 in the next year. This suggests a possible upside of 83.3% 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?

Headlines about IIPR stock have been trending extremely negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of -4.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. 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), NVIDIA (NVDA), Aurora Cannabis (ACB), Alibaba Group (BABA), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), First Mining Gold (FFMGF), Micron Technology (MU), Charlotte's Web (CWBHF) and Walt Disney (DIS).

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 IPO 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 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 retail and institutional investors. Top institutional investors include AdvisorShares Investments LLC (0.30%), Exchange Traded Concepts LLC (0.15%), Nisa Investment Advisors LLC (0.07%), State of Alaska Department of Revenue (0.07%), Telemus Capital LLC (0.05%) and NEXT Financial Group Inc (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 institutional investors are selling Innovative Industrial Properties stock?

IIPR stock was sold by a variety of institutional investors in the last quarter, including Valeo Financial Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank and SeaCrest Wealth Management LLC. 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 institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was acquired by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, Exchange Traded Concepts LLC, Nisa Investment Advisors LLC, Brasada Capital Management LP, AE Wealth Management LLC, Gainplan LLC, NEXT Financial Group Inc and Spirit of America Management Corp NY. 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 $80.76.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $1.02 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:  231 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  502
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 1/26/2020 by MarketBeat.com Staff

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