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NYSE:IIPRInnovative Industrial Properties Stock Price, Forecast & News

$90.22
+2.40 (+2.73 %)
(As of 06/3/2020 04:00 PM ET)
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Compare
Today's Range
$88.87
Now: $90.22
$90.70
50-Day Range
$70.78
MA: $76.71
$87.33
52-Week Range
$40.21
Now: $90.22
$139.53
Volume300,138 shs
Average Volume514,348 shs
Market Capitalization$1.68 billion
P/E Ratio38.39
Dividend Yield4.55%
Beta1.31
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.
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Innovative Industrial Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


Industry, Sector and Symbol

Industry Real estate
Sub-IndustryCannabis
SectorFinance
Previous SymbolNASDAQ:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$44.67 million
Cash Flow$1.93 per share
Book Value$33.27 per share

Profitability

Net Income$23.48 million

Miscellaneous

Employees6
Market Cap$1.68 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, IIPR stock has increased by 17.2% and is now trading at $90.22. 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) announced its quarterly earnings results on Wednesday, May, 6th. The company reported $0.72 EPS for the quarter, missing the Zacks' consensus estimate of $0.99 by $0.27. The company had revenue of $21.13 million for the quarter, compared to the consensus estimate of $21.20 million. Innovative Industrial Properties had a return on equity of 6.14% and a net margin of 53.76%. 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 Friday, March 13th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.00 per share on Wednesday, April 15th. This represents a $4.00 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Monday, March 30th. View Innovative Industrial Properties' dividend history.

What price target have analysts set for IIPR?

5 Wall Street analysts have issued 12 month price objectives for Innovative Industrial Properties' stock. Their forecasts range from $83.50 to $148.00. On average, they expect Innovative Industrial Properties' stock price to reach $107.30 in the next year. This suggests a possible upside of 18.9% from the stock's current price. View analysts' price targets for Innovative Industrial Properties.

Has Innovative Industrial Properties been receiving favorable news coverage?

Media stories about IIPR stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutInnovative Industrial Properties.

Who are some of Innovative Industrial Properties' key 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 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.

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. (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 bought 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 $90.22.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $1.68 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 6/3/2020 by MarketBeat.com Staff

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