Innovative Industrial Properties Stock Forecast, Price & 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 (WHO). Since then, IIPR shares have increased by 103.1% and is now trading at $156.28.
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6 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Innovative Industrial Properties.

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Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Innovative Industrial Properties.

Innovative Industrial Properties, Inc. (NYSE:IIPR) posted its quarterly earnings data on Wednesday, November, 4th. The company reported $0.86 EPS for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.07. The company had revenue of $34.33 million for the quarter, compared to analysts' expectations of $28.25 million. Innovative Industrial Properties had a net margin of 55.71% and a return on equity of 6.98%.
View Innovative Industrial Properties' earnings history.

Innovative Industrial Properties announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.17 per share on Thursday, October 15th. This represents a $4.68 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, September 29th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $1.06.
View Innovative Industrial Properties' dividend history.

6 brokers have issued twelve-month price targets for Innovative Industrial Properties' shares. Their forecasts range from $100.00 to $185.00. On average, they expect Innovative Industrial Properties' stock price to reach $150.00 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
View analysts' price targets for Innovative Industrial Properties.

Innovative Industrial Properties saw a drop in short interest in October. As of October 15th, there was short interest totaling 1,230,000 shares, a drop of 31.3% from the September 30th total of 1,790,000 shares. Based on an average daily trading volume, of 407,900 shares, the days-to-cover ratio is presently 3.0 days.
View Innovative Industrial Properties' Short Interest.

Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), Canopy Growth (CGC), MedReleaf Corp. (LEAF.TO) (LEAF), GrowGeneration (GRWG), OrganiGram Holdings Inc. (OGI.TO) (OGI), Emblem (EMC), ICC Labs Inc. (ICC.V) (ICC), Bioventix PLC (BVXP.L) (BVXP), 22nd Century Group (XXII), KushCo (KSHB), General Cannabis (CANN), Grow Capital (GRWC), Terra Tech (TRTC), Leafbuyer Technologies (LBUY) and Nemus Bioscience (NMUS).
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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), AbbVie (ABBV), PayPal (PYPL), Cronos Group (CRON), Micron Technology (MU), AT&T (T) and The Walt Disney (DIS).

(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.

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 BlackRock Inc. (16.41%), State Street Corp (4.64%), Great West Life Assurance Co. Can (1.95%), Morgan Stanley (1.55%), American Assets Capital Advisers LLC (1.09%) and Charles Schwab Investment Management Inc. (1.05%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, David Stecher, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
View institutional ownership trends for Innovative Industrial Properties.

IIPR stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., American Assets Capital Advisers LLC, Granite Point Capital Management L.P., HGI Capital Management LLC, Sheaff Brock Investment Advisors LLC, Virginia Retirement Systems ET AL, Dupont Capital Management Corp, and First Trust Advisors LP. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties.

IIPR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Great West Life Assurance Co. Can, State Street Corp, Squarepoint Ops LLC, Copeland Capital Management LLC, Arrowstreet Capital Limited Partnership, Charles Schwab Investment Management Inc., and Financial Enhancement Group LLC. 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 $156.28.

Innovative Industrial Properties has a market capitalization of $3.47 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 14 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.