Innovative Industrial Properties Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Innovative Industrial Properties stock.
View analyst ratings for Innovative Industrial Properties or view top-rated stocks.

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.
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Innovative Industrial Properties saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 8,300 shares, a decrease of 99.4% from the June 15th total of 1,300,000 shares. Based on an average daily trading volume, of 182,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short.
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Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Innovative Industrial Properties.

Innovative Industrial Properties will be holding an earnings conference call on Thursday, August 5th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10158821".

Innovative Industrial Properties, Inc. (NYSE:IIPR) issued its quarterly earnings data on Wednesday, May, 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.97 by $0.08. The company had revenue of $42.89 million for the quarter, compared to the consensus estimate of $41.30 million. Innovative Industrial Properties had a trailing twelve-month return on equity of 6.11% and a net margin of 57.54%.
View Innovative Industrial Properties' earnings history.

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IIPR stock has increased by 175.9% and is now trading at $212.35.
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Innovative Industrial Properties announced a quarterly dividend on Tuesday, June 15th. Stockholders of record on Wednesday, June 30th will be given a dividend of $1.40 per share on Thursday, July 15th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, June 29th. This is a boost from Innovative Industrial Properties's previous quarterly dividend of $1.32.
View Innovative Industrial Properties' dividend history.

Innovative Industrial Properties pays an annual dividend of $5.60 per share and currently has a dividend yield of 2.65%. Innovative Industrial Properties has been increasing its dividend for 3 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 112.00%. 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 62.43% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

8 equities research analysts have issued 1-year target prices for Innovative Industrial Properties' stock. Their forecasts range from $160.00 to $250.00. On average, they anticipate Innovative Industrial Properties' share price to reach $213.14 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price.
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Some companies that are related to Innovative Industrial Properties include Canopy Growth (WEED), GrowGeneration (GRWG), (MJN.V) (MJN), OrganiGram (OGI), (CMED.TO) (CMED), 22nd Century Group (XXII), Net Savings Link (NSAV), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), Leaf Mobile (LEAF), KushCo (KSHB), Maple Leaf Green World (MGW), Unrivaled Brands (TRTC) 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 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 a variety of retail and institutional investors. Top institutional investors include Spirit of America Management Corp NY (0.10%), State of Alaska Department of Revenue (0.07%), North Star Investment Management Corp. (0.05%), Minot Wealth Management LLC (0.05%), Oregon Public Employees Retirement Fund (0.04%) and Manning & Napier Group LLC (0.04%). Company insiders that own Innovative Industrial Properties stock include Alan D Gold, Brian J Wolfe, Catherine Hastings, 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 Minot Wealth Management LLC, North Star Investment Management Corp., Silverleafe Capital Partners LLC, Spirit of America Management Corp NY, Stratos Wealth Partners LTD., and Manning & Napier Group LLC. Company insiders that have sold Innovative Industrial Properties company stock in the last year include Alan D Gold, Brian J Wolfe, Catherine Hastings, Paul E Smithers, and Scott Shoemaker.
View insider buying and selling activity for Innovative Industrial Properties or view top insider-selling stocks.

IIPR stock was bought by a variety of institutional investors in the last quarter, including Brookstone Capital Management, Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, Focused Wealth Management Inc, and Gradient Investments 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 or or view top insider-buying stocks.

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 $212.35.

Innovative Industrial Properties has a market capitalization of $5.08 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.

Innovative Industrial Properties employs 16 workers across the globe.

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

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

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]