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NYSE:IIPR

Innovative Industrial Properties - IIPR Stock Forecast, Price & News

$102.13
+0.45 (+0.44%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$97.53
$102.34
50-Day Range
$89.04
$119.33
52-Week Range
$88.38
$288.02
Volume
465,282 shs
Average Volume
303,370 shs
Market Capitalization
$2.86 billion
P/E Ratio
20.10
Dividend Yield
6.88%
Price Target
$151.60

Innovative Industrial Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
48.4% 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
0.98mentions of Innovative Industrial Properties in the last 14 days
Based on 3 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

42nd out of 896 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.

Analysts Set New Price Targets

Several research firms have issued reports on IIPR. Wolfe Research downgraded Innovative Industrial Properties from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 19th. Craig Hallum decreased their target price on Innovative Industrial Properties from $175.00 to $125.00 in a research report on Monday, July 18th. Piper Sandler decreased their target price on Innovative Industrial Properties from $160.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, August 8th. JMP Securities reduced their price objective on 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, Compass Point lowered Innovative Industrial Properties from a "buy" rating to a "neutral" rating and set a $100.00 price objective for the company. in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Innovative Industrial Properties has an average rating of "Moderate Buy" and an average price target of $151.60.

Innovative Industrial Properties Trading Down 1.1 %

Shares of IIPR Stock opened at $101.68 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 55.21 and a current ratio of 55.21. Innovative Industrial Properties has a 1 year low of $88.38 and a 1 year high of $288.02. The stock has a fifty day moving average of $104.58 and a two-hundred day moving average of $147.00. The firm has a market capitalization of $2.84 billion, a PE ratio of 20.02 and a beta of 1.63.

Innovative Industrial Properties Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Wednesday, June 29th. Innovative Industrial Properties's dividend payout ratio is presently 137.80%.

Insider Transactions at Innovative Industrial Properties

In other news, Chairman Alan D. Gold acquired 1,000 shares of the company's stock in a transaction dated Wednesday, August 10th. The shares were bought at an average price of $94.22 per share, with a total value of $94,220.00. Following the purchase, the chairman now owns 212,308 shares of the company's stock, valued at $20,003,659.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company's stock.

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IIPR Stock News Headlines

Innovative Industrial Properties Slips 11%
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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
8/19/2022
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
+48.4%
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
$6.14 per share
Book Value
$70.13 per share

Miscellaneous

Free Float
27,553,000
Market Cap
$2.86 billion
Optionable
Not Optionable
Beta
1.63

Key Executives

  • Mr. Alan D. GoldMr. Alan D. Gold (Age 62)
    Exec. Chairman
    Comp: $11.12M
  • Mr. Paul E. SmithersMr. Paul E. Smithers (Age 65)
    Pres, CEO & Director
    Comp: $2.11M
  • Ms. Catherine Hastings CPAMs. Catherine Hastings CPA (Age 51)
    CFO & Treasurer
    Comp: $779.95k
  • Mr. Brian J. Wolfe (Age 46)
    VP, Gen. Counsel & Company Sec.
    Comp: $746.2k
  • Mr. Andy BuiMr. Andy Bui (Age 40)
    VP & Chief Accounting Officer
  • Mr. Ben Regin
    Director of Investments & Fin.
  • Mr. Griffin Marquardt
    Director of Construction Management













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 year. 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 Wall Street analysts have issued 12-month target prices for Innovative Industrial Properties' shares. Their IIPR share price forecasts range from $100.00 to $248.00. On average, they expect the company's stock price to reach $151.60 in the next year. This suggests a possible upside of 48.4% 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 start of the year. Since then, IIPR shares have decreased by 61.2% and is now trading at $102.13.
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 trading 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?

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) posted its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. The firm had revenue of $53.86 million for the quarter, compared to analyst estimates 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 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 6.85%. 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 6.88%. 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 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 a number of institutional and retail investors. Top institutional investors include State Street Corp (5.84%), Northern Trust Corp (1.25%), Copeland Capital Management LLC (1.07%), Massachusetts Financial Services Co. MA (0.94%), AdvisorShares Investments LLC (0.76%) and Principal Financial Group Inc. (0.63%). Insiders that own company stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, 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 $102.13.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.86 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 8/19/2022 by MarketBeat.com Staff

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