NYSE:IIPR - Innovative Industrial Properties Stock Price, News & Analysis

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

Innovative Industrial Properties declared a quarterly dividend on Monday, June 17th. Investors of record on Friday, June 28th will be given a dividend of $0.60 per share on Monday, July 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, June 27th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $0.45. View Innovative Industrial Properties' Dividend History.

Innovative Industrial Properties Inc (NYSE:IIPR) released its earnings results on Wednesday, August, 7th. The company reported $0.30 EPS for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.18. The firm earned $8.62 billion during the quarter, compared to analyst estimates of $8.37 million. Innovative Industrial Properties had a return on equity of 5.17% and a net margin of 47.83%. The firm's revenue was up 160.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. View Innovative Industrial Properties' Earnings History.

Innovative Industrial Properties is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Innovative Industrial Properties.

3 equities research analysts have issued 1 year price targets for Innovative Industrial Properties' stock. Their predictions range from $48.00 to $148.00. On average, they expect Innovative Industrial Properties' stock price to reach $82.00 in the next year. This suggests that the stock has a possible downside of 22.7%. View Analyst Price Targets for Innovative Industrial Properties.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Innovative Industrial Properties.

News articles about IIPR stock have trended negative on Sunday, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a news impact score of -2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Innovative Industrial Properties.

Some companies that are related to Innovative Industrial Properties include FirstService (FSV), Cushman & Wakefield (CWK), Terreno Realty (TRNO), Kennedy-Wilson (KW), Government Properties Income Trust (GOV), Colliers International Group (CIGI), Shanghai Industrial (SGHIY), Urban Edge Properties (UE), Seritage Growth Properties (SRG), Office Properties Income Trust (OPI), Getty Realty (GTY), Five Point (FPH), Armada Hoffler Properties (AHH), Forestar Group (FOR) and Retail Value (RVI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include Canopy Growth (CGC), Aurora Cannabis (ACB), First Mining Gold (FFMGF), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), Integra Gold (ICG), OrganiGram (OGI), NVIDIA (NVDA), Alibaba Group (BABA) and Compass Diversified (CODI).

(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.

Innovative Industrial Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.45%), Vanguard Group Inc. (11.96%), ETF Managers Group LLC (2.71%), Essex Investment Management Co. LLC (1.23%), Morgan Stanley (1.20%) and Northern Trust Corp (1.29%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, David Stecher, Gary A Kreitzer, Hg Vora Capital Management, Ll and Paul E Smithers. View Institutional Ownership Trends for Innovative Industrial Properties.

IIPR stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, TimesSquare Capital Management LLC, Essex Investment Management Co. LLC, Bank of New York Mellon Corp, Ladenburg Thalmann Financial Services Inc., Menta Capital LLC, Bell Rock Capital LLC and grace capital. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe, Hg Vora Capital Management, Ll and Paul E Smithers. View Insider Buying and Selling for Innovative Industrial Properties.

IIPR stock was acquired by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Vanguard Group Inc., Sheaff Brock Investment Advisors LLC, Nuveen Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Invesco Ltd. and Northern Trust Corp. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, David Stecher and Gary A Kreitzer. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of IIPR stock can currently be purchased for approximately $106.10.

Innovative Industrial Properties has a market capitalization of $1.20 billion and generates $14.79 million in revenue each year. The company earns $6.99 million in net income (profit) each year or $1.34 on an earnings per share basis. Innovative Industrial Properties employs 6 workers across the globe.View Additional Information About Innovative Industrial Properties.

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

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.