NYSE:IIPRInnovative Industrial Properties Stock Price, Forecast & News

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IIPR stock has increased by 18.0% and is now trading at $90.78. View which stocks have been most impacted by Coronavirus.

4 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 3 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) posted its quarterly earnings results on Wednesday, May, 6th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.27. The firm 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.

Innovative Industrial Properties declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.06 per share on Wednesday, July 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Monday, June 29th. This is a positive change from Innovative Industrial Properties's previous quarterly dividend of $1.00. View Innovative Industrial Properties' dividend history.

4 brokers have issued 12-month price targets for Innovative Industrial Properties' shares. Their forecasts range from $95.00 to $120.00. On average, they expect Innovative Industrial Properties' share price to reach $104.75 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price. View analysts' price targets for Innovative Industrial Properties.

News stories about IIPR stock have trended somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a news impact score of -1.2 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Innovative 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), 22nd Century Group (XXII), KushCo (KSHB), General Cannabis (CANN), Nemus Bioscience (NMUS), Terra Tech (TRTC), Grow Capital (GRWC), mCig (MCIG) 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 many different institutional and retail investors. Top institutional shareholders include FNY Investment Advisers LLC (0.10%), Spirit of America Management Corp NY (0.09%), Envestnet Asset Management Inc. (0.08%), Pensionfund DSM Netherlands (0.06%) and Pensionfund Sabic (0.03%). 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 bought by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Spirit of America Management Corp NY, Envestnet Asset Management Inc., Pensionfund DSM Netherlands, and Pensionfund Sabic. 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 $90.78.

Innovative Industrial Properties has a market capitalization of $1.93 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.