S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Buy THIS stock before Taiwan is attacked (Ad)
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
Buy THIS stock before Taiwan is attacked (Ad)
UN body mulls deep sea mining amid demand for minerals
Intensity and insults rise as lawmakers debate debt ceiling
Buy THIS stock before Taiwan is attacked (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Canada approves largest telecom deal in country's history
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Buy THIS stock before Taiwan is attacked (Ad)
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
Buy THIS stock before Taiwan is attacked (Ad)
UN body mulls deep sea mining amid demand for minerals
Intensity and insults rise as lawmakers debate debt ceiling
Buy THIS stock before Taiwan is attacked (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Canada approves largest telecom deal in country's history
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Buy THIS stock before Taiwan is attacked (Ad)
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
Buy THIS stock before Taiwan is attacked (Ad)
UN body mulls deep sea mining amid demand for minerals
Intensity and insults rise as lawmakers debate debt ceiling
Buy THIS stock before Taiwan is attacked (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Canada approves largest telecom deal in country's history
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Buy THIS stock before Taiwan is attacked (Ad)
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
Buy THIS stock before Taiwan is attacked (Ad)
UN body mulls deep sea mining amid demand for minerals
Intensity and insults rise as lawmakers debate debt ceiling
Buy THIS stock before Taiwan is attacked (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Canada approves largest telecom deal in country's history
NYSE:IIPR

Innovative Industrial Properties - IIPR Stock Forecast, Price & News

$75.99
+1.47 (+1.97%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$74.68
$76.07
50-Day Range
$74.13
$94.60
52-Week Range
$73.25
$211.17
Volume
323,001 shs
Average Volume
293,649 shs
Market Capitalization
$2.13 billion
P/E Ratio
13.77
Dividend Yield
9.47%
Price Target
$153.17

Innovative Industrial Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
101.6% Upside
$153.17 Price Target
Short Interest
Healthy
9.29% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.91
Upright™ Environmental Score
News Sentiment
1.25mentions of Innovative Industrial Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.03%
From $7.75 to $8.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

461st out of 890 stocks

Real Estate Industry

8th out of 24 stocks


IIPR stock logo

About Innovative Industrial Properties (NYSE:IIPR) Stock

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

Receive IIPR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter.

IIPR Stock News Headlines

JP Morgan analyst: Oil to hit $380 per barrel
JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.
Have $1,000? 2 Smart Stocks to Buy for 2023
JP Morgan analyst: Oil to hit $380 per barrel
JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.
3 REITs With Massive Upside Price Targets
2 Cannabis Stocks That Could Make You Richer
See More Headlines
Receive IIPR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter.

IIPR Company Calendar

Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Last Earnings
2/27/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Today
4/01/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Fax
N/A
Employees
18
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$153.17
High Stock Price Forecast
$179.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+101.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$154.39 million
Pretax Margin
55.86%

Debt

Sales & Book Value

Annual Sales
$276.36 million
Cash Flow
$7.63 per share
Book Value
$69.65 per share

Miscellaneous

Free Float
27,583,000
Market Cap
$2.13 billion
Optionable
Not Optionable
Beta
1.60

Key Executives

  • Paul E. SmithersPaul E. Smithers
    President, Chief Executive Officer & Director
  • Catherine HastingsCatherine Hastings
    Chief Operating Officer
  • David J. Smith
    Chief Financial Officer & Treasurer
  • Brian J. Wolfe
    Secretary, Vice President & General Counsel
  • Andy Phuong Bui
    Chief Accounting Officer & Vice President













IIPR Stock - Frequently Asked Questions

Should I buy or sell Innovative Industrial Properties stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. 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.
View IIPR analyst ratings
or view top-rated stocks.

What is Innovative Industrial Properties' stock price forecast for 2023?

6 Wall Street analysts have issued 12-month price targets for Innovative Industrial Properties' shares. Their IIPR share price forecasts range from $120.00 to $179.00. On average, they expect the company's stock price to reach $153.17 in the next twelve months. This suggests a possible upside of 101.6% from the stock's current price.
View analysts price targets for IIPR
or view top-rated stocks among Wall Street analysts.

How have IIPR shares performed in 2023?

Innovative Industrial Properties' stock was trading at $101.35 at the start of the year. Since then, IIPR shares have decreased by 25.0% and is now trading at $75.99.
View the best growth stocks for 2023 here
.

Are investors shorting Innovative Industrial Properties?

Innovative Industrial Properties saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,600,000 shares, a decrease of 5.8% from the February 28th total of 2,760,000 shares. Based on an average trading volume of 363,400 shares, the short-interest ratio is presently 7.2 days.
View Innovative Industrial Properties' Short Interest
.

When is Innovative Industrial Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our IIPR earnings forecast
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) released its quarterly earnings results on Monday, February, 27th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.34. The business earned $70.46 million during the quarter, compared to the consensus estimate of $68.60 million. Innovative Industrial Properties had a net margin of 55.86% and a trailing twelve-month return on equity of 8.24%.

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 15th. Stockholders of record on Friday, March 31st will be paid a dividend of $1.80 per share on Friday, April 14th. This represents a $7.20 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for IIPR
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties (NYSE:IIPR) pays an annual dividend of $7.20 per share and currently has a dividend yield of 9.42%. 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 130.43%. 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 88.45% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IIPR.

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 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).

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 a price of $20.00 per share. Ladenburg Thalmann and Compass Point acted 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."

How do I buy shares of Innovative Industrial Properties?

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.
Compare Top Brokerages Here.

What is Innovative Industrial Properties' stock price today?

One share of IIPR stock can currently be purchased for approximately $75.99.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $2.13 billion and generates $276.36 million in revenue each year. The company earns $154.39 million in net income (profit) each year or $5.52 on an earnings per share basis.

How can I contact Innovative Industrial Properties?

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.

This page (NYSE:IIPR) was last updated on 4/1/2023 by MarketBeat.com Staff