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

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

Innovative Industrial Properties announced a quarterly dividend on Friday, September 14th. Investors 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 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, September 27th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $0.25. View Innovative Industrial Properties' Dividend History.

Innovative Industrial Properties Inc (NYSE:IIPR) released its quarterly earnings results on Wednesday, March, 28th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.11. The firm 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.

Innovative Industrial Properties is scheduled to release their next quarterly earnings announcement on Wednesday, March 27th 2019. View Earnings Estimates for Innovative Industrial Properties.

2 brokerages have issued 1-year target prices for Innovative Industrial Properties' stock. Their forecasts range from $48.00 to $50.00. On average, they anticipate Innovative Industrial Properties' share price to reach $49.00 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets 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.

Media coverage about IIPR stock has been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Innovative Industrial Properties earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Innovative Industrial Properties saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 318,075 shares, a drop of 53.2% from the September 28th total of 680,282 shares. Based on an average daily volume of 474,873 shares, the short-interest ratio is presently 0.7 days. Approximately 5.3% of the company's shares are sold short. View Innovative Industrial Properties' Current Options Chain.

Some companies that are related to Innovative Industrial Properties include Gazit Globe (GZT), Seritage Growth Properties (SRG), Getty Realty (GTY), Five Point (FPH), Government Properties Income Trust (GOV), Armada Hoffler Properties (AHH), HomeFed (HOFD), Forestar Group (FOR), Cresud S.A.C.I.F. y A. (CRESY), BBX Capital (BBX), Retail Value (RVI), FRP (FRPH), Ellington Financial (EFC), Tejon Ranch (TRC) and Front Yard Residential (RESI).

(IIPR) raised $176 million in an initial public offering (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.

Innovative Industrial Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.47%), Essex Investment Management Co. LLC (2.06%), Emerald Mutual Fund Advisers Trust (1.29%), Renaissance Technologies LLC (0.60%), Uniplan Investment Counsel Inc. (0.59%) and JPMorgan Chase & Co. (0.51%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer, Hg Vora Capital Management, Ll, Paul E Smithers and Robert M Sistek. View Institutional Ownership Trends for Innovative Industrial Properties.

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.

IIPR stock was acquired by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Uniplan Investment Counsel Inc., Russell Investments Group Ltd., Sterling Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., BlackRock Inc., Alliancebernstein L.P. and Bank of Montreal Can. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, Gary A Kreitzer, Paul E Smithers and Robert M Sistek. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of IIPR stock can currently be purchased for approximately $45.12.

Innovative Industrial Properties has a market capitalization of $417.45 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.

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

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.