NYSE:IIPR

Innovative Industrial Properties Stock Forecast, Price & News

$189.55
-1.56 (-0.82 %)
(As of 04/13/2021 01:05 PM ET)
Add
Compare
Today's Range
$188.71
Now: $189.55
$193.44
50-Day Range
$165.65
MA: $185.93
$220.16
52-Week Range
$66.86
Now: $189.55
$222.08
Volume3,706 shs
Average Volume462,332 shs
Market Capitalization$4.54 billion
P/E Ratio61.34
Dividend Yield2.79%
Beta1.52
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.
Innovative Industrial Properties logo

Industry, Sector and Symbol

Industry Real estate
Sub-IndustryCannabis
SectorFinance
Previous SymbolNASDAQ:IIPR
CUSIPN/A
Phone858-997-3332
Employees15
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$44.67 million
Cash Flow$1.89 per share
Book Value$33.27 per share

Profitability

Net Income$23.48 million

Miscellaneous

Market Cap$4.54 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableNot Optionable

Headlines

3 Dependable Dividend Stocks to Buy in April
April 3, 2021 |  finance.yahoo.com
2 Pot Stocks to Buy in 2021 That Could Make You Rich
March 13, 2021 |  finance.yahoo.com
If I Could Only Buy 1 Stock, This Would Be It
February 26, 2021 |  finance.yahoo.com
2 Pot Stocks That Can Easily Double in 2021
February 26, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.77 out of 5 stars

Finance Sector

354th out of 1,950 stocks

Real Estate Industry

7th out of 67 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$189.55
-1.56 (-0.82 %)
(As of 04/13/2021 01:05 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive IIPR News and Ratings via Email

Sign-up to receive the latest news and ratings for IIPR and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

Is Innovative Industrial Properties a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties
or view top-rated stocks.

What stocks does MarketBeat like better than Innovative Industrial Properties?

Wall Street analysts have given Innovative Industrial Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Innovative Industrial Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
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, February, 24th. The company reported $0.91 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.47 by $0.56. Innovative Industrial Properties had a net margin of 55.71% and a trailing twelve-month return on equity of 6.05%.
View Innovative Industrial Properties' earnings history
.

How has Innovative Industrial Properties' stock been impacted by Coronavirus (COVID-19)?

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IIPR stock has increased by 148.2% and is now trading at $190.98.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, March 16th. Stockholders of record on Wednesday, March 31st will be given a dividend of $1.32 per share on Thursday, April 15th. This represents a $5.28 annualized dividend and a yield of 2.76%. The ex-dividend date is Tuesday, March 30th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $1.24.
View Innovative Industrial Properties' dividend history
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $5.28 per share and currently has a dividend yield of 2.79%. Innovative Industrial Properties has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 161.47%. 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 66.42% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

What price target have analysts set for IIPR?

7 analysts have issued 1-year price targets for Innovative Industrial Properties' stock. Their forecasts range from $104.00 to $250.00. On average, they anticipate Innovative Industrial Properties' stock price to reach $192.43 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for Innovative Industrial Properties
or view top-rated stocks among Wall Street analysts.

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the following people:
  • Mr. Alan D. Gold, Exec. Chairman (Age 61, Pay $1.96M)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 64, Pay $808.4k)
  • Ms. Catherine Hastings CPA, CFO & Treasurer (Age 50, Pay $478.4k)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 45, Pay $468.4k)
  • Mr. Andy Bui, VP & Chief Accounting Officer (Age 39)
  • Mr. Ben Regin, Director of Investments & Fin.

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 (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), AbbVie (ABBV), PayPal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and The 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 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."

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by many different retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.16%), State of Alaska Department of Revenue (0.07%), Silverleafe Capital Partners LLC (0.02%), Pensionfund DSM Netherlands (0.02%), Everence Capital Management Inc. (0.01%) and Pensionfund Sabic (0.01%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Catherine Hastings, David Stecher, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
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 Pensionfund Sabic, State of Alaska Department of Revenue, Pensionfund DSM Netherlands, and Pacer Advisors Inc.. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, Catherine Hastings, Paul E Smithers, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties
or view top insider-selling stocks.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was purchased by a variety of institutional investors in the last quarter, including Everence Capital Management Inc., Silverleafe Capital Partners LLC, and Cordasco Financial Network. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, David Stecher, Gary A Kreitzer, and Mary A Curran.
View insider buying and selling activity for Innovative Industrial Properties
or or view top insider-buying stocks.

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 $190.98.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $4.57 billion and generates $44.67 million in revenue each year. The company earns $23.48 million in net income (profit) each year or $3.27 on an earnings per share basis.

How many employees does Innovative Industrial Properties have?

Innovative Industrial Properties employs 15 workers across the globe.

What is Innovative Industrial Properties' official website?

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

Where are Innovative Industrial Properties' headquarters?

Innovative Industrial Properties is headquartered at 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098.

How can I contact Innovative Industrial Properties?

Innovative Industrial Properties' mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The company can be reached via phone at 858-997-3332 or via email at [email protected]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.