Innovative Industrial Properties - IIPR Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IIPR shares.
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6 Wall Street research analysts have issued 1-year target prices for Innovative Industrial Properties' stock. Their IIPR share price forecasts range from $100.00 to $248.00. On average, they anticipate the company's stock price to reach $151.60 in the next twelve months. This suggests a possible upside of 47.5% from the stock's current price.
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Innovative Industrial Properties' stock was trading at $262.91 at the beginning of the year. Since then, IIPR stock has decreased by 60.9% and is now trading at $102.78.
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Innovative Industrial Properties saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,210,000 shares, an increase of 26.3% from the June 15th total of 1,750,000 shares. Based on an average daily trading volume, of 324,100 shares, the days-to-cover ratio is currently 6.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Innovative Industrial Properties, Inc. (NYSE:IIPR) released its quarterly earnings results on Wednesday, November, 3rd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. The business earned $53.86 million during the quarter, compared to analysts' expectations of $52.80 million. Innovative Industrial Properties had a net margin of 54.07% and a trailing twelve-month return on equity of 8.01%.

Innovative Industrial Properties declared a quarterly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $1.75 per share on Friday, July 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for IIPR.

Innovative Industrial Properties (NYSE:IIPR) pays an annual dividend of $7.00 per share and currently has a dividend yield of 6.69%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 137.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IIPR will have a dividend payout ratio of 79.82% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IIPR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include 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).

(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 served 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 investors include State Street Corp (5.84%), Northern Trust Corp (1.25%), Copeland Capital Management LLC (1.07%), Massachusetts Financial Services Co. MA (0.94%), AdvisorShares Investments LLC (0.76%) and Principal Financial Group Inc. (0.63%). Insiders that own company 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.
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Shares of IIPR stock 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.
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One share of IIPR stock can currently be purchased for approximately $102.78.

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.87 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $5.08 on an earnings per share basis.

Innovative Industrial Properties' mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The official website for the company is www.innovativeindustrialproperties.com. The company can be reached via phone at (858) 997-3332 or via email at ir@iipreit.com.