NYSE:IIPR - Innovative Industrial Properties Stock Price, News, & Analysis

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$87.75 -2.33 (-2.59 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$87.75
Today's Range$86.30 - $93.24
52-Week Range$25.60 - $93.24
Volume590,897 shs
Average Volume494,593 shs
Market Capitalization$860.83 million
P/E Ratio65.49
Dividend Yield1.60%
Beta1.74
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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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$14.79 million
Cash Flow$0.9226 per share
Book Value$26.67 per share

Profitability

Net Income$6.99 million

Miscellaneous

EmployeesN/A
Market Cap$860.83 million
Next Earnings Date5/8/2019 (Estimated)
OptionableNot Optionable

Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

What is Innovative Industrial Properties' stock symbol?

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

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 Wednesday, March 13th. Shareholders of record on Friday, March 29th will be given a dividend of $0.45 per share on Monday, April 15th. This represents a $1.80 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Innovative Industrial Properties's previous quarterly dividend of $0.35. View Innovative Industrial Properties' Dividend History.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties Inc (NYSE:IIPR) issued its quarterly earnings results on Wednesday, March, 13th. The company reported $0.24 earnings per share (EPS) for the quarter. The company earned $4.78 million during the quarter. Innovative Industrial Properties had a return on equity of 4.01% and a net margin of 44.95%. View Innovative Industrial Properties' Earnings History.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for Innovative Industrial Properties.

What price target have analysts set for IIPR?

3 brokerages have issued 12-month target prices for Innovative Industrial Properties' stock. Their predictions range from $48.00 to $101.00. On average, they anticipate Innovative Industrial Properties' share price to reach $66.3333 in the next year. This suggests that the stock has a possible downside of 24.4%. View Analyst Price Targets for Innovative Industrial Properties.

What is the consensus analysts' recommendation for Innovative Industrial Properties?

3 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Innovative Industrial Properties.

Has Innovative Industrial Properties been receiving favorable news coverage?

News headlines about IIPR stock have trended neutral recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Innovative Industrial Properties earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the next several days.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,110,237 shares, an increase of 62.7% from the February 15th total of 1,296,898 shares. Based on an average daily trading volume, of 786,749 shares, the days-to-cover ratio is presently 2.7 days. Currently, 22.9% of the shares of the company are short sold. View Innovative Industrial Properties' Current Options Chain.

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), Cronos Group (CRON), GW Pharmaceuticals PLC- (GWPH), Aurora Cannabis (ACB), Alibaba Group (BABA), KushCo (KSHB), NVIDIA (NVDA), Aurora Cannabis (ACBFF), Micron Technology (MU) and CannTrust (CNTTF).

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the folowing 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.

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.76%), Emerald Mutual Fund Advisers Trust (2.66%), Essex Investment Management Co. LLC (2.00%), Cannell Capital LLC (1.21%), Northern Trust Corp (1.10%) and Lord Abbett & CO. LLC (0.97%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer and Hg Vora Capital Management, Ll. 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 Uniplan Investment Counsel Inc., Van Hulzen Asset Management LLC, MetLife Investment Advisors LLC, NBW Capital LLC and Bank of Montreal Can. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Brian J Wolfe and Hg Vora Capital Management, Ll. View Insider Buying and Selling for Innovative Industrial Properties.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was purchased by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, BlackRock Inc., Cannell Capital LLC, Thomson Horstmann & Bryant Inc., Essex Investment Management Co. LLC, Bank of New York Mellon Corp, Northern Trust Corp and Monarch Partners Asset Management LLC. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold and Gary A Kreitzer. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $87.75.

How big of a company is Innovative Industrial Properties?

Innovative Industrial Properties has a market capitalization of $860.83 million and generates $14.79 million in revenue each year. The company earns $6.99 million in net income (profit) each year or $1.34 on an earnings per share basis.

What is Innovative Industrial Properties' official website?

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

How can I contact Innovative Industrial Properties?

Innovative Industrial Properties' mailing address is 11440 WEST BERNARDO COURT SUITE 220, SAN DIEGO CA, 92127. The company can be reached via phone at 858-997-3332.


MarketBeat Community Rating for Innovative Industrial Properties (NYSE IIPR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  167 (Vote Outperform)
Underperform Votes:  193 (Vote Underperform)
Total Votes:  360
MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial Properties and other stocks. Vote "Outperform" if you believe IIPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IIPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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