NYSE:IIPRInnovative Industrial Properties Stock Price, Forecast & News

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 21.5% and is now trading at $93.47. View which stocks have been most impacted by Coronavirus.

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.

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.

Innovative Industrial Properties Inc (NYSE:IIPR) released its quarterly earnings data 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 firm earned $21.13 million during the quarter, compared to the consensus estimate 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.

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 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, March 30th. View Innovative Industrial Properties' dividend history.

5 equities research analysts have issued twelve-month target prices for Innovative Industrial Properties' stock. Their forecasts range from $83.50 to $148.00. On average, they expect Innovative Industrial Properties' share price to reach $107.30 in the next year. This suggests a possible upside of 14.8% from the stock's current price. View analysts' price targets for Innovative Industrial Properties.

News coverage about IIPR stock has trended positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news 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 media sentiment score of 2.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutInnovative Industrial Properties.

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), Terra Tech (TRTC), General Cannabis (CANN), mCig (MCIG), Nemus Bioscience (NMUS), Grow Capital (GRWC) and Leafbuyer Technologies (LBUY). View all competitors.

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).

(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.

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

Innovative Industrial Properties' stock is owned by a number of 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.

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 Telemus Capital LLC. View insider buying and selling activity for Innovative Industrial Properties.

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.

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.

One share of IIPR stock can currently be purchased for approximately $93.47.

Innovative Industrial Properties has a market capitalization of $1.74 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.

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

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.