NYSE:IIPR - Innovative Industrial Stock Price, Price Target & More

$32.88 +0.11 (+0.34 %)
(As of 04/25/2018 04:00 PM ET)
Previous Close$32.77
Today's Range$31.81 - $33.14
52-Week Range$15.72 - $36.88
Volume50,031 shs
Average Volume202,142 shs
Market Capitalization$208.10 million
P/E Ratio49.07
Dividend Yield3.06%
Beta-0.7

About Innovative Industrial (NYSE:IIPR)

Innovative Industrial logoInnovative 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. intends to elect to be taxed as a real estate investment trust. Additional information is available at www.innovativeindustrialproperties.com.

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Industry, Sector and Symbol

Industry Real estate
Sub-IndustryCannabis
SectorFinance
SymbolNYSE:IIPR
CUSIPN/A
Phone858-997-3332

Debt

Debt-to-Equity RatioN/A
Current Ratio10.88%
Quick Ratio10.88%

Price-To-Earnings

Trailing P/E Ratio49.07
Forward P/E Ratio23.83
P/E GrowthN/A

Sales & Book Value

Annual Sales$6.42 million
Price / Sales32.57
Cash Flow$0.1324 per share
Price / Cash248.33
Book Value$9.36 per share
Price / Book3.51

Profitability

EPS (Most Recent Fiscal Year)$0.67
Net Income$-70,000.00
Net Margins-1.12%
Return on Equity-0.12%
Return on Assets-0.10%

Miscellaneous

Employees6
Outstanding Shares6,360,000

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Innovative Industrial (NYSE:IIPR) Frequently Asked Questions

What is Innovative Industrial's stock symbol?

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

How often does Innovative Industrial pay dividends? What is the dividend yield for Innovative Industrial?

Innovative Industrial announced a quarterly dividend on Thursday, March 15th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.25 per share on Monday, April 16th. This represents a $1.00 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, March 28th. View Innovative Industrial's Dividend History.

How were Innovative Industrial's earnings last quarter?

Innovative Industrial (NYSE:IIPR) issued its earnings results on Wednesday, March, 28th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.11. The company had revenue of $2.28 million for the quarter. Innovative Industrial had a negative return on equity of 0.12% and a negative net margin of 1.12%. View Innovative Industrial's Earnings History.

What price target have analysts set for IIPR?

1 equities research analysts have issued 1 year price objectives for Innovative Industrial's shares. Their forecasts range from $34.00 to $34.00. On average, they anticipate Innovative Industrial's share price to reach $34.00 in the next twelve months. View Analyst Ratings for Innovative Industrial.

Who are some of Innovative Industrial's key competitors?

Who are Innovative Industrial's key executives?

Innovative Industrial's management team includes the folowing people:
  • Mr. Alan D. Gold, Exec. Chairman (Age 58)
  • Mr. Paul E. Smithers, Chief Exec. Officer, Pres and Director (Age 61)
  • Ms. Catherine Hastings, CFO, Chief Accounting Officer & Treasurer (Age 47)
  • Mr. Brian J. Wolfe, VP, Gen. Counsel and Company Sec. (Age 42)
  • Mr. Andy Bui, Controller

When did Innovative Industrial 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 served as the underwriters for the IPO.

Has Innovative Industrial been receiving favorable news coverage?

News articles about IIPR stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Innovative Industrial earned a news impact score of 0.09 on Accern's scale. They also gave news articles about the company an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

How do I buy shares of Innovative Industrial?

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's stock price today?

One share of IIPR stock can currently be purchased for approximately $32.88.

How big of a company is Innovative Industrial?

Innovative Industrial has a market capitalization of $208.10 million and generates $6.42 million in revenue each year. The company earns $-70,000.00 in net income (profit) each year or $0.67 on an earnings per share basis. Innovative Industrial employs 6 workers across the globe.

How can I contact Innovative Industrial?

Innovative Industrial's 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 (IIPR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  85 (Vote Outperform)
Underperform Votes:  99 (Vote Underperform)
Total Votes:  184
MarketBeat's community ratings are surveys of what our community members think about Innovative Industrial 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.

Analyst Ratings

Innovative Industrial (NYSE:IIPR) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
1 Wall Street analysts have issued ratings and price targets for Innovative Industrial in the last 12 months. Their average twelve-month price target is $34.00, suggesting that the stock has a possible upside of 3.41%. The high price target for IIPR is $34.00 and the low price target for IIPR is $34.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 3.003.003.003.00
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $34.00$34.00$34.00$22.50
Price Target Upside: 3.41% upside13.45% upside13.45% upside23.29% upside

Innovative Industrial (NYSE:IIPR) Consensus Price Target History

Price Target History for Innovative Industrial (NYSE:IIPR)

Innovative Industrial (NYSE:IIPR) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/24/2018Ladenburg ThalmannReiterated RatingBuy -> Buy$23.00 -> $34.00MediumView Rating Details
12/12/2016Compass PointInitiated CoverageBuy$21.00N/AView Rating Details
(Data available from 4/25/2016 forward)

Earnings

Innovative Industrial (NYSE:IIPR) Earnings History and Estimates Chart

Earnings by Quarter for Innovative Industrial (NYSE:IIPR)

Innovative Industrial (NYSE:IIPR) Earnings Estimates

Current Year EPS Consensus Estimate: $1.38 EPS
Next Year EPS Consensus Estimate: $2.61 EPS

Innovative Industrial (NYSE IIPR) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/28/2018Q4 2017$0.18$0.07$2.28 millionViewListenView Earnings Details
11/8/2017Q3 2017$0.04$0.09$1.56 millionViewN/AView Earnings Details
8/9/2017Q2 2017($0.13)$1.29 millionViewN/AView Earnings Details
5/10/2017Q1 2017($0.18)$1.33 millionViewN/AView Earnings Details
3/22/2017Q4 2016($2.80)$0.32 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Innovative Industrial (NYSE:IIPR) Dividend Information

Innovative Industrial pays an annual dividend of $1.00 per share, with a dividend yield of 3.04%. IIPR's most recent quarterly dividend payment was Monday, April 16. Innovative Industrial pays out 149.25% of its earnings out as a dividend.
Most Recent Dividend:4/16/2018
Annual Dividend:$1.00
Dividend Yield:3.04%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:149.25% (Trailing 12 Months of Earnings)
72.46% (Based on This Year's Estimates)
38.31% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Innovative Industrial (NYSE:IIPR)

Innovative Industrial (NYSE:IIPR) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/15/2018Quarterly$0.253/28/20183/29/20184/16/2018
12/15/2017Quarterly$0.254.04%12/28/201712/29/20171/16/2018
9/15/2017quarterly$0.153.31%9/28/20179/29/201710/13/2017
5/31/2017special$0.156/28/20176/30/20177/14/2017
(Data available from 1/1/2013 forward)

Insider Trades

Innovative Industrial (NYSE IIPR) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 6.20%
Institutional Ownership Percentage: 10.54%
Insider Trading History for Innovative Industrial (NYSE:IIPR)
Institutional Ownership by Quarter for Innovative Industrial (NYSE:IIPR)

Innovative Industrial (NYSE IIPR) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/22/2017Alan D GoldInsiderBuy200$16.57$3,314.00281,964View SEC Filing  
8/18/2017Alan D GoldInsiderBuy700$16.78$11,746.00281,764View SEC Filing  
8/16/2017Alan D GoldInsiderBuy300$17.20$5,160.00281,064View SEC Filing  
8/15/2017Alan D GoldInsiderBuy200$17.16$3,432.00280,764View SEC Filing  
6/14/2017Alan D GoldInsiderBuy200$17.31$3,462.00280,564View SEC Filing  
6/13/2017Alan D GoldInsiderBuy500$17.31$8,655.00280,364View SEC Filing  
6/12/2017Alan D GoldInsiderBuy100$17.26$1,726.00279,864View SEC Filing  
6/1/2017Brian J WolfeVPSell4,737$17.56$83,181.7217,712View SEC Filing  
12/6/2016Alan D GoldInsiderBuy100$16.40$1,640.00200,700View SEC Filing  
12/5/2016Alan D GoldInsiderBuy200,600$20.00$4,012,000.00300View SEC Filing  
12/5/2016Paul E SmithersCEOBuy4,000$15.50$62,000.004,000View SEC Filing  
12/5/2016Robert M SistekCFOBuy400$18.34$7,336.00300View SEC Filing  
12/2/2016Gary A KreitzerDirectorBuy25,000$20.00$500,000.0025,000View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Innovative Industrial (NYSE IIPR) News Headlines

Source:
DateHeadline
3 Marijuana Stock Charts That Are Simply Smokin’3 Marijuana Stock Charts That Are Simply Smokin’
finance.yahoo.com - April 19 at 5:31 PM
Innovative Industrial (IIPR) Upgraded to Strong-Buy by Zacks Investment ResearchInnovative Industrial (IIPR) Upgraded to Strong-Buy by Zacks Investment Research
www.americanbankingnews.com - April 18 at 7:46 AM
 Brokerages Set $35.00 Target Price for Innovative Industrial (IIPR) Brokerages Set $35.00 Target Price for Innovative Industrial (IIPR)
www.americanbankingnews.com - April 13 at 5:21 AM
Head-To-Head Comparison: Brookfield Property Partners (BPY) & Innovative Industrial (IIPR)Head-To-Head Comparison: Brookfield Property Partners (BPY) & Innovative Industrial (IIPR)
www.americanbankingnews.com - April 12 at 3:21 AM
Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Vireo HealthInnovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Vireo Health
finance.yahoo.com - April 9 at 8:32 AM
Brookfield Property Partners (BPY) and Innovative Industrial Properties (IIPR) Financial ReviewBrookfield Property Partners (BPY) and Innovative Industrial Properties (IIPR) Financial Review
www.americanbankingnews.com - April 8 at 11:23 AM
IIPR: High Risk And Trading At A PremiumIIPR: High Risk And Trading At A Premium
seekingalpha.com - April 6 at 5:31 PM
Innovative Industrial Properties (IIPR) Upgraded at Zacks Investment ResearchInnovative Industrial Properties (IIPR) Upgraded at Zacks Investment Research
www.americanbankingnews.com - April 5 at 1:49 PM
Innovative Industrial Properties: Making ProgressInnovative Industrial Properties: Making Progress
seekingalpha.com - April 2 at 5:18 PM
Free Post Earnings Research Report: Extra Space Storage’s Quarterly FFO per Share Increased 8.74%Free Post Earnings Research Report: Extra Space Storage’s Quarterly FFO per Share Increased 8.74%
finance.yahoo.com - April 2 at 8:52 AM
Zacks Investment Research Upgrades Innovative Industrial Properties (IIPR) to "Buy"Zacks Investment Research Upgrades Innovative Industrial Properties (IIPR) to "Buy"
www.americanbankingnews.com - March 30 at 1:18 PM
Who Are Innovative Industrial Properties Inc’s (NYSE:IIPR) Major Shareholders?Who Are Innovative Industrial Properties Inc’s (NYSE:IIPR) Major Shareholders?
finance.yahoo.com - March 29 at 5:21 PM
Innovative Industrial Properties Inc to Host Earnings CallInnovative Industrial Properties Inc to Host Earnings Call
finance.yahoo.com - March 29 at 5:21 PM
Innovative Industrial Properties (IIPR) Announces Quarterly  Earnings ResultsInnovative Industrial Properties (IIPR) Announces Quarterly Earnings Results
www.americanbankingnews.com - March 29 at 2:21 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Receives Consensus Rating of "Strong Buy" from AnalystsZacks: Innovative Industrial Properties Inc (IIPR) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - March 29 at 10:23 AM
Innovative Industrial Properties FFO in-line, beats on revenueInnovative Industrial Properties FFO in-line, beats on revenue
seekingalpha.com - March 29 at 8:38 AM
Innovative Industrial Properties, Inc. (IIPR) Tops Q4 EPS by 4c, Beats on RevenuesInnovative Industrial Properties, Inc. (IIPR) Tops Q4 EPS by 4c, Beats on Revenues
www.streetinsider.com - March 29 at 8:38 AM
Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2017 ResultsInnovative Industrial Properties Reports Fourth Quarter and Full-Year 2017 Results
finance.yahoo.com - March 29 at 8:38 AM
Innovative Industrial Properties (IIPR) Rating Lowered to Sell at Zacks Investment ResearchInnovative Industrial Properties (IIPR) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - March 28 at 7:28 AM
Zacks Investment Research Lowers Innovative Industrial Properties (IIPR) to HoldZacks Investment Research Lowers Innovative Industrial Properties (IIPR) to Hold
www.americanbankingnews.com - March 27 at 1:17 PM
 Innovative Industrial Properties Inc (IIPR) Given $34.00 Average Price Target by Analysts Innovative Industrial Properties Inc (IIPR) Given $34.00 Average Price Target by Analysts
www.americanbankingnews.com - March 25 at 11:14 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Target Price by AnalystsZacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Target Price by Analysts
www.americanbankingnews.com - March 19 at 5:17 PM
Innovative Industrial Properties to Report 2017 Fourth Quarter and Year End Results - Business Wire (press release)Innovative Industrial Properties to Report 2017 Fourth Quarter and Year End Results - Business Wire (press release)
www.businesswire.com - March 19 at 8:33 AM
Innovative Industrial Properties to Report 2017 Fourth Quarter and Year End ResultsInnovative Industrial Properties to Report 2017 Fourth Quarter and Year End Results
finance.yahoo.com - March 19 at 8:33 AM
Innovative Industrial Properties (IIPR) Lifted to Hold at Zacks Investment ResearchInnovative Industrial Properties (IIPR) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - March 17 at 12:06 AM
 Innovative Industrial Properties Inc (IIPR) Given Average Recommendation of "Strong Buy" by Brokerages Innovative Industrial Properties Inc (IIPR) Given Average Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - March 16 at 12:30 PM
Innovative Industrial Properties Inc (IIPR) Declares Quarterly Dividend of $0.25Innovative Industrial Properties Inc (IIPR) Declares Quarterly Dividend of $0.25
www.americanbankingnews.com - March 16 at 8:10 AM
Innovative Industrial Properties Declares First Quarter 2018 Dividends - Business Wire (press release)Innovative Industrial Properties Declares First Quarter 2018 Dividends - Business Wire (press release)
www.businesswire.com - March 15 at 8:28 AM
 Analysts Set $34.00 Target Price for Innovative Industrial Properties Inc (IIPR) Analysts Set $34.00 Target Price for Innovative Industrial Properties Inc (IIPR)
www.americanbankingnews.com - March 1 at 5:26 AM
Legal Cannabis Market Projected to Grow as Customer Base Expands - PR Newswire (press release)Legal Cannabis Market Projected to Grow as Customer Base Expands - PR Newswire (press release)
www.prnewswire.com - February 28 at 8:28 AM
 Innovative Industrial Properties Inc (IIPR) Receives Average Rating of "Strong Buy" from Brokerages Innovative Industrial Properties Inc (IIPR) Receives Average Rating of "Strong Buy" from Brokerages
www.americanbankingnews.com - February 24 at 10:56 AM
Comparing Uniti Group (UNIT) & Innovative Industrial Properties (IIPR)Comparing Uniti Group (UNIT) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - February 23 at 5:32 PM
Jernigan Capital (JCAP) and Innovative Industrial Properties (IIPR) Head to Head ComparisonJernigan Capital (JCAP) and Innovative Industrial Properties (IIPR) Head to Head Comparison
www.americanbankingnews.com - February 20 at 4:26 PM
Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016 - BenzingaInvesting In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016 - Benzinga
www.benzinga.com - February 19 at 8:25 AM
Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016
www.msn.com - February 18 at 5:25 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Price Target by BrokeragesZacks: Innovative Industrial Properties Inc (IIPR) Given $34.00 Consensus Price Target by Brokerages
www.americanbankingnews.com - February 16 at 9:28 PM
Zacks: Innovative Industrial Properties Inc (IIPR) Given Average Rating of "Strong Buy" by AnalystsZacks: Innovative Industrial Properties Inc (IIPR) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - February 13 at 11:46 AM
Head-To-Head Review: Innovative Industrial Properties (IIPR) versus Jernigan Capital (JCAP)Head-To-Head Review: Innovative Industrial Properties (IIPR) versus Jernigan Capital (JCAP)
www.americanbankingnews.com - February 9 at 3:04 PM
Data Shows Positive Signs for Legal Cannabis Industry - PR Newswire (press release)Data Shows Positive Signs for Legal Cannabis Industry - PR Newswire (press release)
www.prnewswire.com - February 8 at 8:18 AM
Innovative Industrial Properties Announces Tax Treatment of 2017 DistributionsInnovative Industrial Properties Announces Tax Treatment of 2017 Distributions
finance.yahoo.com - February 2 at 9:50 AM
Reviewing Jernigan Capital (JCAP) & Innovative Industrial Properties (IIPR)Reviewing Jernigan Capital (JCAP) & Innovative Industrial Properties (IIPR)
www.americanbankingnews.com - February 1 at 5:22 PM
Reviewing Innovative Industrial Properties (IIPR) & Jernigan Capital (JCAP)Reviewing Innovative Industrial Properties (IIPR) & Jernigan Capital (JCAP)
www.americanbankingnews.com - January 29 at 1:12 AM
 Analysts Set $34.00 Price Target for Innovative Industrial Properties Inc (IIPR) Analysts Set $34.00 Price Target for Innovative Industrial Properties Inc (IIPR)
www.americanbankingnews.com - January 29 at 1:12 AM
Innovative Industrial Properties (IIPR) Earns "Buy" Rating from Ladenburg Thalmann Financial ServicesInnovative Industrial Properties (IIPR) Earns "Buy" Rating from Ladenburg Thalmann Financial Services
www.americanbankingnews.com - January 28 at 5:10 PM
Zacks Investment Research Downgrades Innovative Industrial Properties (IIPR) to SellZacks Investment Research Downgrades Innovative Industrial Properties (IIPR) to Sell
www.americanbankingnews.com - January 27 at 6:40 AM
Innovative Industrial Properties (IIPR) versus QTS Realty Trust (QTS) Financial SurveyInnovative Industrial Properties (IIPR) versus QTS Realty Trust (QTS) Financial Survey
www.americanbankingnews.com - January 27 at 5:20 AM
Head to Head Analysis: Innovative Industrial Properties (IIPR) and Its PeersHead to Head Analysis: Innovative Industrial Properties (IIPR) and Its Peers
www.americanbankingnews.com - January 25 at 10:28 AM
Innovative Industrial Properties (IIPR) versus Its Competitors Financial ComparisonInnovative Industrial Properties (IIPR) versus Its Competitors Financial Comparison
www.americanbankingnews.com - January 25 at 9:48 AM
Head to Head Analysis: Innovative Industrial Properties (IIPR) vs. Its CompetitorsHead to Head Analysis: Innovative Industrial Properties (IIPR) vs. Its Competitors
www.americanbankingnews.com - January 25 at 3:12 AM
Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock - Business Wire (press release)Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock - Business Wire (press release)
www.businesswire.com - January 24 at 8:14 AM

SEC Filings

Innovative Industrial (NYSE:IIPR) SEC Filings

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Social Media

Financials

Innovative Industrial (NYSE:IIPR) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Innovative Industrial (NYSE IIPR) Stock Chart for Wednesday, April, 25, 2018

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This page was last updated on 4/25/2018 by MarketBeat.com Staff

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