S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSE:IIPR

Innovative Industrial Properties Stock Forecast, Price & News

$265.55
-0.91 (-0.34%)
(As of 11/29/2021 04:00 PM ET)
Add
Compare
Today's Range
$263.82
$270.83
50-Day Range
$228.48
$286.21
52-Week Range
$146.81
$288.02
Volume
157,861 shs
Average Volume
264,376 shs
Market Capitalization
$6.35 billion
P/E Ratio
61.33
Dividend Yield
2.25%
Beta
1.46
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 Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter.


Innovative Industrial Properties logo

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, North Dakota, Ohio, and Pennsylvania. The firm's property portfolio include PharmaCann; Ascend Wellness Holdings, LLC; Vireo Health, Inc.; and Green Peak Industries, LLC. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

Headlines

Better Buy: Innovative Industrial vs. Curaleaf
November 22, 2021 |  finance.yahoo.com
Jim Cramer Stock Portfolio: 10 Recent Additions
November 15, 2021 |  finance.yahoo.com
2 Surefire REITs to Hold for the Long Term
November 9, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Fax
N/A
Employees
15
Year Founded
N/A

Sales & Book Value

Annual Sales
$116.90 million
Cash Flow
$4.14 per share
Book Value
$62.57 per share

Profitability

Net Income
$65.73 million
Pretax Margin
58.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
23,497,000
Market Cap
$6.35 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend
9/29/2021
Dividend Payable
10/15/2021
Last Earnings
11/03/2021
Today
11/30/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/23/2022

MarketRank

Overall MarketRank

2.34 out of 5 stars

Finance Sector

405th out of 1,340 stocks

Real Estate Industry

9th out of 43 stocks

Analyst Opinion: 1.4Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

Is Innovative Industrial Properties a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 2 hold ratings and 6 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.

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. Since then, IIPR shares have increased by 245.0% and is now trading at $265.55.
View which stocks have been most impacted by COVID-19
.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Innovative Industrial Properties
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) released its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.16 by $0.04. Innovative Industrial Properties had a net margin of 58.40% and a trailing twelve-month return on equity of 7.10%.
View Innovative Industrial Properties' earnings history
.

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, September 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $1.50 per share on Friday, October 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, September 29th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $1.40.
View Innovative Industrial Properties' dividend history
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $6.00 per share and currently has a dividend yield of 2.25%. Innovative Industrial Properties has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 138.57%. 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 66.52% 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?

8 brokers have issued twelve-month price targets for Innovative Industrial Properties' shares. Their forecasts range from $220.00 to $300.00. On average, they expect Innovative Industrial Properties' stock price to reach $256.29 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
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:

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 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 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.32%), AdvisorShares Investments LLC (1.71%), Bank of New York Mellon Corp (1.15%), Wellington Management Group LLP (1.06%), American Century Companies Inc. (1.01%) and Massachusetts Financial Services Co. MA (1.00%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends for Innovative Industrial Properties
.

Which major investors are selling Innovative Industrial Properties stock?

IIPR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Citadel Advisors LLC, American Assets Capital Advisers LLC, Mariner Investment Group LLC, Penserra Capital Management LLC, Two Sigma Investments LP, Morgan Stanley, and Thrivent Financial for Lutherans. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Andy Bui, Catherine Hastings, Gary A Kreitzer, Paul E Smithers, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties
or view top insider-selling stocks.

Which major investors are buying Innovative Industrial Properties stock?

IIPR stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Strs Ohio, McGowan Group Asset Management Inc., Vident Investment Advisory LLC, PEAK6 Investments LLC, Jane Street Group LLC, Wellington Management Group LLP, and Goldman Sachs Group Inc.. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, 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 $265.55.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $6.35 billion and generates $116.90 million in revenue each year. The company earns $65.73 million in net income (profit) each year or $4.33 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 11/30/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
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 about MarketBeat.

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.

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.