NYSE:IIPRInnovative Industrial Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Innovative Industrial Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $81.72 -4.06 (-4.73 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$80.50Now: $81.72▼$85.7750-Day Range$69.15MA: $75.98▼$85.7852-Week Range$40.21Now: $81.72▼$139.53Volume551,191 shsAverage Volume519,472 shsMarket Capitalization$1.39 billionP/E Ratio34.77Dividend Yield4.66%Beta1.34 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial 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.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingInnovative Industrial Properties has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $107.30, Innovative Industrial Properties has a potential upside of 31.3% from its current price of $81.72.Amount of Analyst CoverageInnovative Industrial Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesInnovative Industrial Properties has received 247 “outperform” votes. (Add your “outperform” vote.)Underperform VotesInnovative Industrial Properties has received 293 “underperform” votes. (Add your “underperform” vote.)Community SentimentInnovative Industrial Properties has received 54.26% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial Properties and other stocks. Vote “Outperform” if you believe IIPR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IIPR will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend LeadershipInnovative Industrial Properties is a leading dividend payer. It pays a dividend yield of 4.66%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthInnovative Industrial Properties has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Innovative Industrial Properties is 122.32 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 57.80 % next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innovative Industrial Properties insiders have bought more of their company's stock than they have sold. Specifically, they have bought $169,820.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.90% of the stock of Innovative Industrial Properties is held by insiders.Percentage Held by Institutions77.48% of the stock of Innovative Industrial Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Innovative Industrial Properties are expected to grow by 30.57% in the coming year, from $5.30 to $6.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Innovative Industrial Properties is 34.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Innovative Industrial Properties is 34.77, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.12.Price to Book Value per Share RatioInnovative Industrial Properties has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.69 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate Sub-IndustryCannabis SectorFinance Current SymbolNYSE:IIPR Previous SymbolNASDAQ:IIPR CUSIPN/A CIK1677576 Webwww.innovativeindustrialproperties.com Phone858-997-3332Debt Debt-to-Equity Ratio0.16 Current Ratio292.08 Quick Ratio292.08Price-To-Earnings Trailing P/E Ratio34.77 Forward P/E Ratio15.42 P/E GrowthN/A Sales & Book Value Annual Sales$44.67 million Price / Sales31.17 Cash Flow$1.81 per share Price / Cash Flow45.05 Book Value$49.60 per share Price / Book1.65Profitability EPS (Most Recent Fiscal Year)$3.27 Net Income$23.48 million Net Margins53.76% Return on Equity6.14% Return on Assets4.40%Miscellaneous Employees6 Outstanding Shares17,036,000Market Cap$1.39 billion Next Earnings Date8/5/2020 (Estimated) OptionableNot Optionable IIPR Rates by TradingView 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. Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions How has Innovative Industrial Properties' stock been impacted by COVID-19 (Coronavirus)? Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IIPR stock has increased by 6.2% and is now trading at $81.72. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Innovative Industrial Properties? 5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Innovative Industrial Properties. When is Innovative Industrial Properties' next earnings date? Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. 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 results on Wednesday, May, 6th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.27. The company earned $21.13 million during the quarter, compared to analysts' expectations of $21.20 million. Innovative Industrial Properties had a net margin of 53.76% and a return on equity of 6.14%. 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 announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.00 per share on Wednesday, April 15th. This represents a $4.00 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Monday, March 30th. View Innovative Industrial Properties' dividend history. What price target have analysts set for IIPR? 5 brokers have issued 12 month target prices for Innovative Industrial Properties' stock. Their forecasts range from $83.50 to $148.00. On average, they anticipate Innovative Industrial Properties' share price to reach $107.30 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price. View analysts' price targets for Innovative Industrial Properties. Has Innovative Industrial Properties been receiving favorable news coverage? News stories about IIPR stock have been trending extremely negative on Friday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Innovative Industrial Properties earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutInnovative Industrial Properties. Who are some of Innovative Industrial Properties' key competitors? Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Canopy Growth (CGC), OrganiGram (OGI), GrowGeneration (GRWG), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), KushCo (KSHB), 22nd Century Group (XXII), General Cannabis (CANN), Terra Tech (TRTC), mCig (MCIG), Nemus Bioscience (NMUS), Grow Capital (GRWC) and Leafbuyer Technologies (LBUY). View all 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 Canopy Growth (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), AbbVie (ABBV), Walt Disney (DIS), salesforce.com (CRM) and Micron Technology (MU). Who are Innovative Industrial Properties' key executives? Innovative Industrial Properties' management team includes the following people: Mr. Alan D. Gold, Exec. Chairman (Age 59)Mr. Paul E. Smithers, Pres, CEO & Director (Age 62)Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 48)Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 43)Mr. Andy Bui, Controller 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.16%), Zimmer Partners LP (4.97%), State Street Corp (4.10%), TimesSquare Capital Management LLC (3.43%), Weiss Multi Strategy Advisers LLC (2.64%) and Morgan Stanley (1.48%). 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, Mary A Curran and Paul E Smithers. 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 Two Sigma Advisers LP, Essex Investment Management Co. LLC, Emerald Mutual Fund Advisers Trust, First Trust Advisors LP, Sigma Planning Corp, UBS Group AG, Arizona State Retirement System, and Bell Rock Capital LLC. View insider buying and selling activity for Innovative Industrial Properties. Which institutional investors are buying Innovative Industrial Properties stock? IIPR stock was purchased by a variety of institutional investors in the last quarter, including Zimmer Partners LP, BlackRock Inc., Weiss Multi Strategy Advisers LLC, State Street Corp, Morgan Stanley, Morgan Stanley, Granahan Investment Management Inc. MA, and Wellington Management Group LLP. 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. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Innovative Industrial Properties' stock price today? One share of IIPR stock can currently be purchased for approximately $81.72. How big of a company is Innovative Industrial Properties? Innovative Industrial Properties has a market capitalization of $1.39 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. Innovative Industrial Properties employs 6 workers across the globe. What is Innovative Industrial Properties' official website? The official website for Innovative Industrial Properties is www.innovativeindustrialproperties.com. 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. This page was last updated on 5/29/2020 by MarketBeat.com Staff
