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NYSE:IIPR

Innovative Industrial Properties Stock Forecast, Price & News

$265.58
+5.87 (+2.26 %)
(As of 10/25/2021 04:00 PM ET)
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Compare
Today's Range
$260.83
$265.67
50-Day Range
$228.29
$256.69
52-Week Range
$112.25
$262.38
Volume7,055 shs
Average Volume274,023 shs
Market Capitalization$6.35 billion
P/E Ratio66.56
Dividend Yield2.31%
Beta1.46
30 days | 90 days | 365 days | Advanced Chart
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Innovative Industrial Properties logo

About Innovative Industrial Properties

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, Nevada, New York, North Dakota, Ohio, and Pennsylvania. The firm's property portfolio include PharmaCann; Ascend Wellness Holdings, LLC; Vireo Health, Inc.; and Green Peak Industries, LLC. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

Headlines

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Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
Cannabis
Sector
Finance
Previous Symbol
NASDAQ:IIPR
Employees
15
Year Founded
N/A

Sales & Book Value

Annual Sales
$116.90 million
Cash Flow
$4.41 per share
Book Value
$68.14 per share

Profitability

Net Income
$65.73 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$6.35 billion
Next Earnings Date
11/3/2021 (Estimated)
Optionable
Not Optionable

MarketRank

Overall MarketRank

2.34 out of 5 stars

Finance Sector

353rd out of 1,333 stocks

Real Estate Industry

9th out of 43 stocks

Analyst Opinion: 1.4Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Innovative Industrial Properties (NYSE:IIPR) Frequently Asked Questions

Is Innovative Industrial Properties a buy right now?

8 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 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties
or view top-rated stocks.

What stocks does MarketBeat like better than Innovative Industrial Properties?

Wall Street analysts have given Innovative Industrial Properties a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Innovative Industrial Properties wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Innovative Industrial Properties' next earnings date?

Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Innovative Industrial Properties
.

How were Innovative Industrial Properties' earnings last quarter?

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its quarterly earnings results on Wednesday, August, 4th. The company reported $1.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.52 by $0.35. The firm earned $48.87 million during the quarter, compared to the consensus estimate of $46.21 million. Innovative Industrial Properties had a trailing twelve-month return on equity of 6.64% and a net margin of 58.72%. Innovative Industrial Properties's revenue for the quarter was up 100.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS.
View Innovative Industrial Properties' earnings history
.

How has Innovative Industrial Properties' stock been impacted by Coronavirus?

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 245.1% and is now trading at $265.58.
View which stocks have been most impacted by COVID-19
.

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

Innovative Industrial Properties announced a quarterly dividend on Wednesday, September 15th. Investors of record on Thursday, September 30th will be given a dividend of $1.50 per share on Friday, October 15th. This represents a $6.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Wednesday, September 29th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $1.40.
View Innovative Industrial Properties' dividend history
.

Is Innovative Industrial Properties a good dividend stock?

Innovative Industrial Properties pays an annual dividend of $6.00 per share and currently has a dividend yield of 2.31%. Innovative Industrial Properties has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 120.00%. 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 67.19% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

What price target have analysts set for IIPR?

8 brokers have issued twelve-month price objectives for Innovative Industrial Properties' shares. Their forecasts range from $220.00 to $290.00. On average, they expect Innovative Industrial Properties' share price to reach $245.57 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Innovative Industrial Properties
or view top-rated stocks among Wall Street analysts.

Who are Innovative Industrial Properties' key executives?

Innovative Industrial Properties' management team includes the following people:

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 (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).

When did Innovative Industrial Properties IPO?

(IIPR) raised $176 million in an initial public offering 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.

What is Innovative Industrial Properties' stock symbol?

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

Who are Innovative Industrial Properties' major shareholders?

Innovative Industrial Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Copeland Capital Management LLC (0.88%), American Assets Capital Advisers LLC (0.63%), Strs Ohio (0.34%), Pacer Advisors Inc. (0.21%), New York State Teachers Retirement System (0.17%) and Sumitomo Mitsui Trust Holdings Inc. (0.14%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Andy Bui, Brian J Wolfe, Catherine Hastings, Gary A Kreitzer, Mary A Curran, Paul E Smithers and Scott Shoemaker.
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 American Assets Capital Advisers LLC, Jaffetilchin Investment Partners LLC, Copeland Capital Management LLC, New York State Teachers Retirement System, NEXT Financial Group Inc, Spire Wealth Management, Nisa Investment Advisors LLC, and Silverleafe Capital Partners LLC. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Andy Bui, Catherine Hastings, Gary A Kreitzer, Paul E Smithers, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties
or view top insider-selling stocks.

Which institutional investors are buying Innovative Industrial Properties stock?

IIPR stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Manning & Napier Group LLC, Bristlecone Advisors LLC, Koshinski Asset Management Inc., American Assets Investment Management LLC, Financial Enhancement Group LLC, Virginia Retirement Systems ET AL, and Clear Street Markets LLC. Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, Gary A Kreitzer, and Mary A Curran.
View insider buying and selling activity for Innovative Industrial Properties
or or view top insider-buying stocks.

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 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 $265.58.

How much money does Innovative Industrial Properties make?

Innovative Industrial Properties has a market capitalization of $6.35 billion and generates $116.90 million in revenue each year. The company earns $65.73 million in net income (profit) each year or $5.00 on an earnings per share basis.

How many employees does Innovative Industrial Properties have?

Innovative Industrial Properties employs 15 workers across the globe.

What is Innovative Industrial Properties' official website?

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

Where are Innovative Industrial Properties' headquarters?

Innovative Industrial Properties is headquartered at 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098.

How can I contact Innovative Industrial Properties?

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 or via email at [email protected].


This page was last updated on 10/25/2021 by MarketBeat.com Staff

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