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About Innovative Industrial (NYSE:IIPR)
Innovative 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.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryCannabis
SectorFinance
SymbolNYSE:IIPR
CUSIPN/A
Phone858-997-3332
Debt
Debt-to-Equity RatioN/A
Current Ratio165.33
Quick Ratio165.33
Price-To-Earnings
Trailing P/E Ratio50.90
Forward P/E Ratio24.97
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.42 million
Price / Sales34.14
Cash Flow$0.1350 per share
Price / Cash255.32
Book Value$9.36 per share
Price / Book3.68
Profitability
EPS (Most Recent Fiscal Year)$0.67
Net Income$-70,000.00
Net Margins14.26%
Return on Equity1.42%
Return on Assets1.21%
Miscellaneous
Employees6
Outstanding Shares6,360,000
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. Investors 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 dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 28th. View Innovative Industrial's Dividend History.
How were Innovative Industrial's earnings last quarter?
Innovative Industrial (NYSE:IIPR) released its quarterly earnings results on Wednesday, May, 9th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $2.76 million for the quarter. Innovative Industrial had a return on equity of 1.42% and a net margin of 14.26%. View Innovative Industrial's Earnings History.
When is Innovative Industrial's next earnings date?
What price target have analysts set for IIPR?
1 brokers have issued 1 year price targets 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?
Some companies that are related to Innovative Industrial include Cresud S.A.C.I.F. y A. (CRESY), Homefed (HOFD), Yangtze River Port (YRIV), Tejon Ranch (TRC), Armada Hoffler Properties (AHH), Front Yard Residential (RESI), FRP (FRPH), Ellington Financial (EFC), Nam Tai Electronics (NTP), Consorcio ARA (CNRFF), PICO (PICO), Maui Land & Pineapple (MLP), Griffin Land & Nurseries (GRIF), Leju (LEJU) and Municipal Mortgage & Equity (MMAC).
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, Pres, CEO & Director (Age 61)
- Ms. Catherine Hastings CPA, CFO, Chief Accounting Officer & Treasurer (Age 47)
- Mr. Brian J. Wolfe, VP, Gen. Counsel & Company Sec. (Age 42)
- Mr. Andy Bui, Controller
When did Innovative Industrial IPO?
(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.
Has Innovative Industrial been receiving favorable news coverage?
Headlines about IIPR stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Innovative Industrial earned a coverage optimism score of 0.14 on Accern's scale. They also assigned news stories about the company an impact score of 47.81 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Innovative Industrial's major shareholders?
Innovative Industrial's stock is owned by a number of of institutional and retail investors. Top institutional investors include HG Vora Capital Management LLC (15.72%), Resource America Inc. (2.05%), Hilton Capital Management LLC (1.70%), Millennium Management LLC (0.91%), JPMorgan Chase & Co. (0.59%) and NBW Capital LLC (0.55%). Company insiders that own Innovative Industrial stock include Alan D Gold, Brian J Wolfe, Gary A Kreitzer, Paul E Smithers and Robert M Sistek. View Institutional Ownership Trends for Innovative Industrial.
Which institutional investors are selling Innovative Industrial stock?
Which institutional investors are buying Innovative Industrial stock?
IIPR stock was bought by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Hilton Capital Management LLC, Millennium Management LLC, JPMorgan Chase & Co., A.R.T. Advisors LLC, Tibra Equities Europe Ltd, Citadel Advisors LLC and Northern Trust Corp. Company insiders that have bought Innovative Industrial stock in the last two years include Alan D Gold, Gary A Kreitzer, Paul E Smithers and Robert M Sistek. View Insider Buying and Selling for Innovative Industrial.
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 $34.46.
How big of a company is Innovative Industrial?
Innovative Industrial has a market capitalization of $213.95 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)
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.
Innovative Industrial (NYSE:IIPR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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 downside of 1.33%. 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."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| 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: | 1.33% downside | 13.45% upside | 13.45% upside | 23.29% upside |
Innovative Industrial (NYSE:IIPR) Consensus Price Target History
Innovative Industrial (NYSE:IIPR) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/24/2018 | Ladenburg Thalmann | Reiterated Rating | Buy ➝ Buy | $23.00 ➝ $34.00 | Medium |  |
| 12/12/2016 | Compass Point | Initiated Coverage | Buy | $21.00 | N/A | |
(Data available from 5/22/2016 forward)
Innovative Industrial (NYSE:IIPR) Dividend Information
Innovative Industrial pays an annual dividend of $1.00 per share, with a dividend yield of 2.90%. 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: | 2.90% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 149.25% (Trailing 12 Months of Earnings)
72.46% (Based on This Year's Estimates)
38.31% (Based on Next Year's Estimates)
740.92% (Based on Cash Flow)
|
Innovative Industrial (NYSE:IIPR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/15/2018 | Quarterly | $0.25 | | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 12/15/2017 | Quarterly | $0.25 | 4.04% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 9/15/2017 | quarterly | $0.15 | 3.31% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/31/2017 | special | $0.15 | | 6/28/2017 | 6/30/2017 | 7/14/2017 |
(Data available from 1/1/2013 forward)
Innovative Industrial (NYSE IIPR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.20%
Institutional Ownership Percentage: 49.22%
Innovative Industrial (NYSE IIPR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/22/2017 | Alan D Gold | Insider | Buy | 200 | $16.57 | $3,314.00 | 281,964 | |
| 8/18/2017 | Alan D Gold | Insider | Buy | 700 | $16.78 | $11,746.00 | 281,764 | |
| 8/16/2017 | Alan D Gold | Insider | Buy | 300 | $17.20 | $5,160.00 | 281,064 | |
| 8/15/2017 | Alan D Gold | Insider | Buy | 200 | $17.16 | $3,432.00 | 280,764 | |
| 6/14/2017 | Alan D Gold | Insider | Buy | 200 | $17.31 | $3,462.00 | 280,564 | |
| 6/13/2017 | Alan D Gold | Insider | Buy | 500 | $17.31 | $8,655.00 | 280,364 | |
| 6/12/2017 | Alan D Gold | Insider | Buy | 100 | $17.26 | $1,726.00 | 279,864 | |
| 6/1/2017 | Brian J Wolfe | VP | Sell | 4,737 | $17.56 | $83,181.72 | 17,712 | |
| 12/6/2016 | Alan D Gold | Insider | Buy | 100 | $16.40 | $1,640.00 | 200,700 | |
| 12/5/2016 | Alan D Gold | Insider | Buy | 200,600 | $20.00 | $4,012,000.00 | 300 | |
| 12/5/2016 | Paul E Smithers | CEO | Buy | 4,000 | $15.50 | $62,000.00 | 4,000 | |
| 12/5/2016 | Robert M Sistek | CFO | Buy | 400 | $18.34 | $7,336.00 | 300 | |
| 12/2/2016 | Gary A Kreitzer | Director | Buy | 25,000 | $20.00 | $500,000.00 | 25,000 | |
(Data available from 1/1/2013 forward)
Innovative Industrial (NYSE IIPR) News Headlines
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Innovative Industrial (NYSE:IIPR) SEC Filings
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Innovative Industrial (NYSE:IIPR) Income Statement, Balance Sheet and Cash Flow Statement
Innovative Industrial (NYSE IIPR) Stock Chart for Tuesday, May, 22, 2018
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