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Innovative Industrial Properties Stock Forecast, Price & News

$182.52
-0.91 (-0.50%)
(As of 01/27/2022 12:28 PM ET)
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Compare
Today's Range
$182.30
$189.49
50-Day Range
$183.43
$277.01
52-Week Range
$160.91
$288.02
Volume
2,489 shs
Average Volume
272,169 shs
Market Capitalization
$4.37 billion
P/E Ratio
42.15
Dividend Yield
3.15%
Beta
1.45
30 days | 90 days | 365 days | Advanced Chart
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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

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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
$3.72 per share
Book Value
$68.14 per share

Profitability

Net Income
$65.73 million
Pretax Margin
58.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
23,497,000
Market Cap
$4.37 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 1/14 Dividend
12/30/2021
Dividend Payable
1/14/2022
Today
1/27/2022
Next Earnings (Estimated)
2/23/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.88 out of 5 stars

Finance Sector

109th out of 1,356 stocks

Real Estate Industry

3rd out of 43 stocks

Analyst Opinion: 3.4Community Rank: 4.1Dividend Strength: 2.5Insider 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?

5 Wall Street equities research 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. The consensus among Wall Street equities 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 price been impacted by COVID-19?

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 137.2% and is now trading at $182.52.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 998,900 shares, a decrease of 24.9% from the December 15th total of 1,330,000 shares. Based on an average daily trading volume, of 209,800 shares, the short-interest ratio is currently 4.8 days. Currently, 4.2% of the shares of the stock are short sold.
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, 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 EPS for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.04. The firm earned $53.86 million during the quarter, compared to analyst estimates of $52.80 million. 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 announced a quarterly dividend on Wednesday, December 15th. Stockholders of record on Friday, December 31st will be given a dividend of $1.50 per share on Friday, January 14th. This represents a $6.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, December 30th.
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 3.15%. Innovative Industrial Properties 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 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 68.73% 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?

5 Wall Street analysts have issued 12-month target prices for Innovative Industrial Properties' stock. Their forecasts range from $240.00 to $300.00. On average, they anticipate Innovative Industrial Properties' stock price to reach $268.17 in the next year. This suggests a possible upside of 46.9% from the stock's current price.
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 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 many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (0.97%), Strs Ohio (0.39%), New York State Teachers Retirement System (0.16%), Manning & Napier Group LLC (0.13%), Russell Investments Group Ltd. (0.11%) and Exchange Traded Concepts LLC (0.09%). Company insiders that own Innovative Industrial Properties 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 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 Copeland Capital Management LLC, Crossmark Global Holdings Inc., Cutler Group LP, Exchange Traded Concepts LLC, Koshinski Asset Management Inc., Stratos Wealth Partners LTD., Russell Investments Group Ltd., and State of Alaska Department of Revenue. 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 institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio, Manning & Napier Group LLC, Spire Wealth Management, Cim LLC, NewSquare Capital LLC, Allworth Financial LP, HighTower Trust Services LTA, and Clear Street Markets LLC. Company insiders that have bought Innovative Industrial Properties stock in the last two years include 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 $182.52.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $4.37 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 1/27/2022 by MarketBeat.com Staff

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