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S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
NYSE:IIPR

Innovative Industrial Properties - IIPR Stock Forecast, Price & News

$93.65
-0.76 (-0.80%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$92.26
$97.62
50-Day Range
$89.04
$136.66
52-Week Range
$88.38
$288.02
Volume
333,966 shs
Average Volume
386,959 shs
Market Capitalization
$2.62 billion
P/E Ratio
18.44
Dividend Yield
7.41%
Price Target
$170.75

Innovative Industrial Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
61.9% Upside
$151.60 Price Target
Short Interest
Healthy
7.76% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.19mentions of Innovative Industrial Properties in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.97%
From $7.60 to $8.89 Per Share

Overall MarketRank

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

3.23 out of 5 stars

Finance Sector

37th out of 885 stocks

Real Estate Industry

1st 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.

Innovative Industrial Properties Stock Down 0.8 %

IIPR Stock traded down $0.76 during trading on Monday, reaching $93.65. The stock had a trading volume of 333,966 shares, compared to its average volume of 303,285. Innovative Industrial Properties has a one year low of $88.38 and a one year high of $288.02. The company has a quick ratio of 55.21, a current ratio of 55.21 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $110.95 and its two-hundred day moving average is $152.13. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.09 and a beta of 1.63.

Innovative Industrial Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend was Wednesday, June 29th. Innovative Industrial Properties's payout ratio is currently 137.80%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BTIG Research decreased 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 note on Friday, July 15th. Piper Sandler decreased their target price on shares of Innovative Industrial Properties from $160.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday. Wolfe Research cut shares of Innovative Industrial Properties from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 19th. JMP Securities decreased their target price on shares of Innovative Industrial Properties from $190.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, July 19th. Finally, Craig Hallum decreased their target price on shares of Innovative Industrial Properties from $175.00 to $125.00 in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Innovative Industrial Properties presently has a consensus rating of "Moderate Buy" and an average target price of $151.60.

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IIPR Stock News Headlines

Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Innovative Industrial Properties Slips 11%
See More 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
8/09/2022
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
+82.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
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
$6.13 per share
Book Value
$62.35 per share

Miscellaneous

Free Float
27,553,000
Market Cap
$2.62 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 equities 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 4 buy ratings for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued 1 year price objectives for Innovative Industrial Properties' stock. Their IIPR share price forecasts range from $100.00 to $248.00. On average, they predict the company's share price to reach $151.60 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price.
View analysts price targets for IIPR
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 64.4% and is now trading at $93.65.
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 daily volume of 324,100 shares, the short-interest ratio is currently 6.8 days.
View Innovative Industrial Properties' Short Interest
.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties 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) issued its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. The firm earned $53.86 million during the quarter, compared to analysts' expectations of $52.80 million. Innovative Industrial Properties had a net margin of 54.07% and a trailing twelve-month return on equity of 8.01%.

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 Wednesday, June 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date 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 7.41%. 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 78.74% 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 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 a variety of retail and institutional investors. Top institutional shareholders include Copeland Capital Management LLC (1.07%), AdvisorShares Investments LLC (0.76%), Mirae Asset Global Investments Co. Ltd. (0.51%), American Assets Capital Advisers LLC (0.38%), Peregrine Capital Management LLC (0.31%) and Strs Ohio (0.31%). 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 $93.65.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.62 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 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 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 8/9/2022 by MarketBeat.com Staff

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