Top-Rated Dividend Stocks NYSE:IIPR Innovative Industrial Properties Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Innovative Industrial Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $109.87 -0.78 (-0.70%) (As of 06/30/2022 05:49 PM ET) Add Compare Share Today's Range$107.00▼$112.0050-Day Range$108.34▼$156.8052-Week Range$107.00▼$288.02Volume268,354 shsAverage Volume295,083 shsMarket Capitalization$3.07 billionP/E Ratio22.75Dividend Yield6.33%Price Target$239.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IIPR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address IIPR Stock Forecast (MarketRank)Overall MarketRank™3.15 out of 5 starsFinance Sector143rd out of 1,394 stocksReal Estate Industry3rd out of 45 stocksAnalyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 - 3.5 Analyst's Opinion Consensus RatingInnovative Industrial Properties has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $239.00, Innovative Industrial Properties has a forecasted upside of 117.5% from its current price of $109.87.Amount of Analyst CoverageInnovative Industrial Properties has only been the subject of 3 research reports in the past 90 days. Previous Next 4.1 Community Rank Outperform VotesInnovative Industrial Properties has received 277 “outperform” votes. (Add your “outperform” vote.)Underperform VotesInnovative Industrial Properties has received 172 “underperform” votes. (Add your “underperform” vote.)Community SentimentInnovative Industrial Properties has received 61.69% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipInnovative Industrial Properties is a leading dividend payer. It pays a dividend yield of 6.33%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthInnovative Industrial Properties has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Innovative Industrial Properties is 144.93%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 73.92% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innovative Industrial Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.50% of the stock of Innovative Industrial Properties is held by insiders.Percentage Held by Institutions66.91% of the stock of Innovative Industrial Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Innovative Industrial Properties are expected to grow by 21.41% in the coming year, from $7.80 to $9.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Innovative Industrial Properties is 22.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 34.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Innovative Industrial Properties is 22.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.46.Price to Book Value per Share RatioInnovative Industrial Properties has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Innovative Industrial Properties (NYSE:IIPR)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.Read More IIPR Stock News HeadlinesJune 30, 2022 | finance.yahoo.comThese 2 Stocks Could Help Make You Richer by RetirementJune 30, 2022 | seekingalpha.comInnovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania propertyJune 30, 2022 | finance.yahoo.comInnovative Industrial Properties Expands Real Estate Partnership with Green Thumb Industries at Pennsylvania PropertyJune 29, 2022 | americanbankingnews.comAnalysts Set Innovative Industrial Properties, Inc. (NYSE:IIPR) Price Target at $239.00June 27, 2022 | americanbankingnews.comInnovative Industrial Properties, Inc. (IIPR) To Go Ex-Dividend on June 29thJune 26, 2022 | finance.yahoo.comTipRanks ‘Perfect 10’ List: These 2 Stocks Tick All the BoxesJune 26, 2022 | finance.yahoo.comThis Stock Has Nearly Tripled Its Dividend in 3 YearsJune 24, 2022 | apnews.comDEADLINE TODAY: The Schall Law Firm Encourages Investors in Innovative Industrial Properties, Inc. with Losses of $100,000 to Contact the FirmJune 23, 2022 | apnews.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Industrial Properties, Inc. (IIPR)June 20, 2022 | finance.yahoo.comTexas Original sells, leases back cannabis facility under construction in BastropJune 19, 2022 | seekingalpha.comInnovative Industrial Properties: Short-Term Price Loss, Long-Term PotentialJune 19, 2022 | seekingalpha.comInnovative Industrial Properties: Far Too Cheap By Any Valuation MetricJune 17, 2022 | finance.yahoo.comInnovative Industrial (IIPR) Expands With Texas Property BuyoutSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate Sub-IndustryCannabis SectorFinance Current SymbolNYSE:IIPR Previous SymbolNASDAQ:IIPR CUSIPN/A CIK1677576 Webwww.innovativeindustrialproperties.com Phone(858) 997-3332FaxN/AEmployees18Year FoundedN/ACompany Calendar Ex-Dividend for 4/14 Dividend3/30/2022Dividend Payable4/14/2022Last Earnings5/04/2022Ex-Dividend for 7/15 Dividend6/29/2022Today6/30/2022Dividend Payable7/15/2022Next Earnings (Estimated)8/03/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$239.00 High Stock Price Forecast$290.00 Low Stock Price Forecast$175.00 Forecasted Upside/Downside+117.5%Consensus RatingBuy Rating Score (0-4)3 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$4.829990 Trailing P/E Ratio22.75 Forward P/E Ratio14.09 P/E GrowthN/ANet Income$113.99 million Net Margins54.43% Pretax Margin54.43% Return on Equity7.91% Return on Assets5.87% Debt Debt-to-Equity Ratio0.19 Current Ratio28.15 Quick Ratio28.15 Sales & Book Value Annual Sales$204.55 million Price / Sales15.02 Cash Flow$5.69 per share Price / Cash Flow19.32 Book Value$62.35 per share Price / Book1.76Miscellaneous Outstanding Shares27,971,000Free Float27,551,000Market Cap$3.07 billion OptionableNot Optionable Beta1.78 Innovative Industrial Properties Frequently Asked Questions Should I buy or sell Innovative Industrial Properties stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Innovative Industrial Properties stock. View analyst ratings for Innovative Industrial Properties or view top-rated stocks. What is Innovative Industrial Properties' stock price forecast for 2022? 5 brokers have issued twelve-month target prices for Innovative Industrial Properties' shares. Their IIPR stock forecasts range from $175.00 to $290.00. On average, they predict Innovative Industrial Properties' stock price to reach $239.00 in the next twelve months. This suggests a possible upside of 117.5% from the stock's current price. View analysts' price targets for Innovative Industrial Properties or view top-rated stocks among Wall Street analysts. How has Innovative Industrial Properties' stock performed in 2022? Innovative Industrial Properties' stock was trading at $262.91 at the beginning of the year. Since then, IIPR stock has decreased by 58.2% and is now trading at $109.87. View the best growth stocks for 2022 here. When is Innovative Industrial Properties' next earnings date? Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for Innovative Industrial Properties. How were Innovative Industrial Properties' earnings last quarter? Innovative Industrial Properties, Inc. (NYSE:IIPR) posted its earnings results on Wednesday, May, 4th. The company reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.91 by $0.59. The firm earned $64.50 million during the quarter, compared to analyst estimates of $63.19 million. Innovative Industrial Properties had a net margin of 54.43% and a trailing twelve-month return on equity of 7.91%. The company's revenue was up 50.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. View Innovative Industrial Properties' earnings history. 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 given a dividend of $1.75 per share on Friday, July 15th. This represents a $7.00 annualized dividend and a yield of 6.37%. The ex-dividend date is Wednesday, June 29th. View Innovative Industrial Properties' dividend history. 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 6.33%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Innovative Industrial Properties 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 of Innovative Industrial Properties is 144.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 73.92% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend. View Innovative Industrial Properties' dividend history. Who are Innovative Industrial Properties' key executives? Innovative Industrial Properties' management team includes the following people: Mr. Alan D. Gold, Exec. Chairman (Age 62, Pay $11.12M)Mr. Paul E. Smithers, Pres, CEO & Director (Age 65, Pay $2.11M) (LinkedIn Profile)Ms. Catherine Hastings CPA, CFO & Treasurer (Age 51, Pay $779.95k) (LinkedIn Profile)Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 46, Pay $746.2k)Mr. Andy Bui, VP & Chief Accounting Officer (Age 40) (LinkedIn Profile)Mr. Ben Regin, Director of Investments & Fin.Mr. Griffin Marquardt, Director of Construction Management Who are some of Innovative Industrial Properties' key competitors? Some companies that are related to Innovative Industrial Properties include MassRoots (MSRT), Cronos Group (MJN), Canopy Growth (WEED), CanniMed Therapeutics (CMED), OrganiGram (OGI), 22nd Century Group (XXII), Emblem (EMC), ICC Labs (ICC), GrowGeneration (GRWG), Leaf Mobile (LEAF), Bioventix (BVXP), Maple Leaf Green World (MGW), KushCo (KSHB), Net Savings Link (NSAV) and General Cannabis (CANN). View all of IIPR's 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 (CGC), 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 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 served 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." 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 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 $109.87. How much money does Innovative Industrial Properties make? Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $3.07 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $4.829990 on an earnings per share basis. How many employees does Innovative Industrial Properties have? Innovative Industrial Properties employs 18 workers across the globe. 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 Innovative Industrial Properties is www.innovativeindustrialproperties.com. The company can be reached via phone at (858) 997-3332 or via email at [email protected]. This page (NYSE:IIPR) was last updated on 6/30/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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