Innovative Industrial Properties Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties or view top-rated stocks.

5 brokerages have issued 1-year price targets for Innovative Industrial Properties' stock. Their IIPR stock forecasts range from $175.00 to $290.00. On average, they anticipate Innovative Industrial Properties' share price to reach $239.00 in the next year. This suggests a possible upside of 113.5% from the stock's current price.
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Innovative Industrial Properties' stock was trading at $262.91 at the start of the year. Since then, IIPR shares have decreased by 57.4% and is now trading at $111.94.
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Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Innovative Industrial Properties.

Innovative Industrial Properties, Inc. (NYSE:IIPR) issued its quarterly earnings results on Wednesday, May, 4th. The company reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.91 by $0.59. The company earned $64.50 million during the quarter, compared to analysts' expectations of $63.19 million. Innovative Industrial Properties had a net margin of 54.43% and a trailing twelve-month return on equity of 7.91%. The company's quarterly revenue was up 50.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share.
View Innovative Industrial Properties' earnings history.

Innovative Industrial Properties declared a quarterly dividend on Wednesday, June 15th. Shareholders 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 yield of 6.25%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Innovative Industrial Properties' dividend history.

Innovative Industrial Properties(NYSE:IIPR) pays an annual dividend of $7.00 per share and currently has a dividend yield of 6.37%. IIPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Innovative Industrial Properties 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 of Innovative Industrial Properties is 144.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 73.92% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

Some companies that are related to Innovative Industrial Properties include MassRoots (MSRT), Cronos Group (MJN), Canopy Growth (WEED), CanniMed Therapeutics (CMED), OrganiGram (OGI), 22nd Century Group (XXII), Emblem (EMC), GrowGeneration (GRWG), ICC Labs (ICC), Leaf Mobile (LEAF), Bioventix (BVXP), Maple Leaf Green World (MGW), KushCo (KSHB), Net Savings Link (NSAV) and General Cannabis (CANN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Innovative Industrial Properties investors own include (CGC), 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 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.

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

Shares of IIPR 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 $111.94.

Innovative Industrial Properties (NYSE:IIPR) has a market capitalization of $3.13 billion and generates $204.55 million in revenue each year. The company earns $113.99 million in net income (profit) each year or $4.829990 on an earnings per share basis.

Innovative Industrial Properties employs 18 workers across the globe.

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