Innovative Industrial Properties Stock Forecast, Price & News

+1.40 (+0.76 %)
(As of 04/16/2021 12:00 AM ET)
Today's Range
Now: $184.94
50-Day Range
MA: $183.80
52-Week Range
Now: $184.94
Volume196,790 shs
Average Volume451,460 shs
Market Capitalization$4.42 billion
P/E Ratio59.85
Dividend Yield2.89%
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized 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.
Innovative Industrial Properties logo

Industry, Sector and Symbol

Industry Real estate
Previous SymbolNASDAQ:IIPR
Year FoundedN/A



Sales & Book Value

Annual Sales$44.67 million
Cash Flow$1.85 per share
Book Value$33.27 per share


Net Income$23.48 million


Market Cap$4.42 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableNot Optionable


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Overall MarketRank

1.77 out of 5 stars

Finance Sector

353rd out of 1,953 stocks

Real Estate Industry

7th out of 67 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
+1.40 (+0.76 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

Is Innovative Industrial Properties a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 5 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.

What stocks does MarketBeat like better than Innovative Industrial Properties?

Wall Street analysts have given Innovative Industrial Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Innovative Industrial Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
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, February, 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.47 by $0.56. Innovative Industrial Properties had a net margin of 55.71% and a trailing twelve-month return on equity of 6.05%.
View Innovative Industrial Properties' earnings history

How has Innovative Industrial Properties' stock 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. Since then, IIPR shares have increased by 140.3% and is now trading at $184.94.
View which stocks have been most impacted by COVID-19

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 Tuesday, March 16th. Investors of record on Wednesday, March 31st will be paid a dividend of $1.32 per share on Thursday, April 15th. This represents a $5.28 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $1.24.
View Innovative Industrial Properties' dividend history

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $5.28 per share and currently has a dividend yield of 2.89%. Innovative Industrial Properties has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 161.47%. 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 66.42% 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?

7 equities research analysts have issued 1 year target prices for Innovative Industrial Properties' shares. Their forecasts range from $104.00 to $250.00. On average, they expect Innovative Industrial Properties' share price to reach $192.43 in the next year. This suggests a possible upside of 4.0% 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:
  • Mr. Alan D. Gold, Exec. Chairman (Age 61, Pay $1.96M)
  • Mr. Paul E. Smithers, Pres, CEO & Director (Age 64, Pay $808.4k)
  • Ms. Catherine Hastings CPA, CFO & Treasurer (Age 50, Pay $478.4k)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 45, Pay $468.4k)
  • Mr. Andy Bui, VP & Chief Accounting Officer (Age 39)
  • Mr. Ben Regin, Director of Investments & Fin.

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 (CGC), NVIDIA (NVDA), Alibaba Group (BABA), Aurora Cannabis (ACB), AbbVie (ABBV), PayPal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and The Walt Disney (DIS).

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 $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 a variety of retail and institutional investors. Top institutional shareholders include Pacer Advisors Inc. (0.16%), State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.05%), NEXT Financial Group Inc (0.03%), Crossmark Global Holdings Inc. (0.03%) and Silverleafe Capital Partners LLC (0.02%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Catherine Hastings, David Stecher, 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 Pensionfund Sabic, Clear Street Markets LLC, State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pacer Advisors Inc., and Optimum Investment Advisors. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, Catherine Hastings, 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 acquired by a variety of institutional investors in the last quarter, including Everence Capital Management Inc., Silverleafe Capital Partners LLC, Louisiana State Employees Retirement System, NEXT Financial Group Inc, Crossmark Global Holdings Inc., Cordasco Financial Network, and Redpoint Investment Management Pty Ltd. 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
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 $184.94.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $4.42 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.

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 4/18/2021 by MarketBeat.com Staff
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