About Innovative Industrial Properties (NYSE:IIPR)
Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company's real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.
Industry, Sector and Symbol:
- Current Ratio: 37.00%
- Quick Ratio: 37.00%
Sales & Book Value:
- Trailing P/E Ratio: 487.25
- Forward P/E Ratio: -942.50
- Annual Sales: $320,000.00
- Price / Sales: 206.17
- Book Value: $18.04 per share
- Price / Book: 1.04
- Annual Dividend: $0.60
- Dividend Yield: 3.1%
- Trailing EPS: ($3.02)
- Net Income: $-4,390,000.00
- Net Margins: -108.39%
- Return on Equity: -8.09%
- Return on Assets: -7.47%
- Employees: 5
- Outstanding Shares: 3,500,000
Frequently Asked Questions for Innovative Industrial Properties (NYSE:IIPR)
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 15th. Shareholders of record on Friday, September 29th will be given a dividend of $0.15 per share on Friday, October 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 28th. View Innovative Industrial Properties' Dividend History.
How were Innovative Industrial Properties' earnings last quarter?
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its quarterly earnings results on Wednesday, November, 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $1.56 million for the quarter. Innovative Industrial Properties had a negative net margin of 108.39% and a negative return on equity of 8.09%. View Innovative Industrial Properties' Earnings History.
Where is Innovative Industrial Properties' stock going? Where will Innovative Industrial Properties' stock price be in 2017?
2 analysts have issued twelve-month price objectives for Innovative Industrial Properties' shares. Their predictions range from $21.00 to $24.00. On average, they anticipate Innovative Industrial Properties' share price to reach $22.50 in the next twelve months. View Analyst Ratings for Innovative Industrial Properties.
Who are some of Innovative Industrial Properties' key competitors?
Some companies that are related to Innovative Industrial Properties include Select Bancorp (SLCT), StoneCastle Financial Corp (BANX), Garrison Capital (GARS), Saratoga Investment Corp (SAR), Horizon Technology Finance Corporation (HRZN), Salisbury Bancorp (SAL), CB Financial Services (CBFV), JMP Group LLC (JMP), Condor Hospitality Trust (CDOR), CM Finance (CMFN), Bay Commercial Bank (BCML), Great Elm Cap C (GECC), Mackinac Financial Corporation (MFNC), Eagle Bancorp Montana (EBMT), Guaranty Federal Bancshares (GFED), American River Bankshares (AMRB), HopFed Bancorp (HFBC) and Sotherly Hotels (SOHO).
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.
How do I buy Innovative Industrial Properties stock?
Shares of Innovative Industrial Properties 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 Innovative Industrial Properties stock can currently be purchased for approximately $18.85.
How big of a company is Innovative Industrial Properties?
Innovative Industrial Properties has a market capitalization of $68.24 million and generates $320,000.00 in revenue each year. The company earns $-4,390,000.00 in net income (profit) each year or ($3.02) on an earnings per share basis. Innovative Industrial Properties employs 5 workers across the globe.
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)MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Innovative Industrial Properties (NYSE:IIPR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$22.50 (19.36% upside)|
Consensus Price Target History for Innovative Industrial Properties (NYSE:IIPR)
Analysts' Ratings History for Innovative Industrial Properties (NYSE:IIPR)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Buy||N/A|
|12/12/2016||Compass Point||Initiated Coverage||Buy||$21.00||N/A|
Earnings History and Estimates Chart for Innovative Industrial Properties (NYSE:IIPR)
Earnings History by Quarter for Innovative Industrial Properties (NYSE IIPR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/8/2017||Q3 2017||$0.04||$0.09||$1.56 million||View||N/A|
|5/10/2017||Q1 2017||($0.18)||$1.33 million||View||N/A|
Earnings Estimates for Innovative Industrial Properties (NYSE:IIPR)
Current Year EPS Consensus Estimate: $-0.02 EPS
Next Year EPS Consensus Estimate: $1.8 EPS
Current Dividend Information for Innovative Industrial Properties (NYSE:IIPR)
|Most Recent Dividend:||10/13/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-19.87% (Trailing 12 Months of Earnings) |
-3,000.00% (Based on This Year's Estimates)
33.33% (Based on Next Year's Estimates)
Dividend History by Quarter for Innovative Industrial Properties (NYSE IIPR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Innovative Industrial Properties (NYSE IIPR)
Insider Ownership Percentage: 10.60%
Institutional Ownership Percentage: 8.66%
Insider Trades by Quarter for Innovative Industrial Properties (NYSE IIPR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/22/2017||Alan D Gold||Insider||Buy||200||$16.57||$3,314.00|| |
|8/18/2017||Alan D Gold||Insider||Buy||700||$16.78||$11,746.00|| |
|8/16/2017||Alan D Gold||Insider||Buy||300||$17.20||$5,160.00|| |
|8/15/2017||Alan D Gold||Insider||Buy||200||$17.16||$3,432.00|| |
|6/14/2017||Alan D Gold||Insider||Buy||200||$17.31||$3,462.00|| |
|6/13/2017||Alan D Gold||Insider||Buy||500||$17.31||$8,655.00|| |
|6/12/2017||Alan D Gold||Insider||Buy||100||$17.26||$1,726.00|| |
|6/1/2017||Brian J Wolfe||VP||Sell||4,737||$17.56||$83,181.72|| |
|12/6/2016||Alan D Gold||Insider||Buy||100||$16.40||$1,640.00|| |
|12/5/2016||Alan D Gold||Insider||Buy||200,600||$20.00||$4,012,000.00|| |
|12/5/2016||Paul E Smithers||CEO||Buy||4,000||$15.50||$62,000.00|| |
|12/5/2016||Robert M Sistek||CFO||Buy||400||$18.34||$7,336.00|| |
|12/2/2016||Gary A Kreitzer||Director||Buy||25,000||$20.00||$500,000.00|| |
Latest Headlines for Innovative Industrial Properties (NYSE IIPR)
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Innovative Industrial Properties (NYSE IIPR) Chart for Tuesday, November, 21, 2017