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NYSE:IIPR

Innovative Industrial Properties - IIPR Stock Forecast, Price & News

$98.44
+2.07 (+2.15%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$96.41
$98.72
50-Day Range
$89.04
$136.66
52-Week Range
$88.38
$288.02
Volume
250,460 shs
Average Volume
301,580 shs
Market Capitalization
$2.75 billion
P/E Ratio
19.38
Dividend Yield
7.26%
Price Target
$151.60

Innovative Industrial Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
54.0% Upside
$151.60 Price Target
Short Interest
Bearish
8.08% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions of Innovative Industrial Properties in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$94,220 Bought Last Quarter
Proj. Earnings Growth
12.15%
From $7.82 to $8.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.18 out of 5 stars

Finance Sector

52nd out of 918 stocks

Real Estate Industry

3rd out of 22 stocks

IIPR stock logo

About Innovative Industrial Properties (NYSE:IIPR) Stock

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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Compass Point downgraded shares of Innovative Industrial Properties from a "buy" rating to a "neutral" rating and set a $100.00 price objective for the company. in a research note on Monday. Craig Hallum decreased their price objective on Innovative Industrial Properties from $175.00 to $125.00 in a research note on Monday, July 18th. TheStreet lowered Innovative Industrial Properties from a "b-" rating to a "c+" rating in a research note on Monday, July 25th. JMP Securities decreased their price target on shares of Innovative Industrial Properties from $190.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, July 19th. Finally, BTIG Research cut their price objective on shares of Innovative Industrial Properties from $290.00 to $248.00 and set a "buy" rating on the stock in a research report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.60.

Innovative Industrial Properties Stock Performance

Shares of NYSE:IIPR traded up $1.25 on Friday, hitting $97.62. 3,469 shares of the company were exchanged, compared to its average volume of 405,847. The company has a current ratio of 55.21, a quick ratio of 55.21 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average price is $107.77 and its 200 day moving average price is $149.97. Innovative Industrial Properties has a 1-year low of $88.38 and a 1-year high of $288.02. The firm has a market capitalization of $2.73 billion, a P/E ratio of 18.97 and a beta of 1.63.

Innovative Industrial Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Wednesday, June 29th. Innovative Industrial Properties's payout ratio is 137.80%.

Insider Buying and Selling

In other Innovative Industrial Properties news, Chairman Alan D. Gold purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average price of $94.22 per share, for a total transaction of $94,220.00. Following the acquisition, the chairman now owns 212,308 shares in the company, valued at $20,003,659.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

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IIPR Stock News Headlines

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IIPR Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/12/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Fax
N/A
Employees
18
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$151.60
High Stock Price Forecast
$248.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+54.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$113.99 million
Pretax Margin
54.07%

Debt

Sales & Book Value

Annual Sales
$204.55 million
Cash Flow
$6.44 per share
Book Value
$70.13 per share

Miscellaneous

Free Float
27,553,000
Market Cap
$2.75 billion
Optionable
Not Optionable
Beta
1.63














IIPR Stock - Frequently Asked Questions

Should I buy or sell Innovative Industrial Properties stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IIPR shares.
View IIPR analyst ratings
or view top-rated stocks.

What is Innovative Industrial Properties' stock price forecast for 2022?

6 analysts have issued 1-year price targets for Innovative Industrial Properties' stock. Their IIPR share price forecasts range from $100.00 to $248.00. On average, they anticipate the company's stock price to reach $151.60 in the next twelve months. This suggests a possible upside of 55.4% from the stock's current price.
View analysts price targets for IIPR
or view top-rated stocks among Wall Street analysts.

How have IIPR shares 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 62.9% and is now trading at $97.53.
View the best growth stocks for 2022 here
.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest in June. As of June 30th, there was short interest totaling 2,210,000 shares, an increase of 26.3% from the June 15th total of 1,750,000 shares. Based on an average trading volume of 324,100 shares, the days-to-cover ratio is currently 6.8 days.
View Innovative Industrial Properties' Short Interest
.

When is Innovative Industrial Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our IIPR earnings forecast
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. The company had revenue of $53.86 million for the quarter, compared to analysts' expectations of $52.80 million. Innovative Industrial Properties had a trailing twelve-month return on equity of 8.01% and a net margin of 54.07%.

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 paid a dividend of $1.75 per share on Friday, July 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for IIPR
.

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 7.42%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 137.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IIPR will have a dividend payout ratio of 79.82% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IIPR.

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 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 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.

What is Innovative Industrial Properties' stock symbol?

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

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Copeland Capital Management LLC (1.07%), AdvisorShares Investments LLC (0.76%), Principal Financial Group Inc. (0.63%), JPMorgan Chase & Co. (0.52%), Mirae Asset Global Investments Co. Ltd. (0.51%) and American Assets Capital Advisers LLC (0.38%). Insiders that own company stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, David Stecher, Gary A Kreitzer, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends
.

How do I buy shares of Innovative Industrial Properties?

Shares of IIPR stock 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 $97.53.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.73 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $5.08 on an earnings per share basis.

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 the company is www.innovativeindustrialproperties.com. The company can be reached via phone at (858) 997-3332 or via email at ir@iipreit.com.

This page (NYSE:IIPR) was last updated on 8/12/2022 by MarketBeat.com Staff

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