Innovative Industrial Properties Stock Forecast, Price & News

7 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Innovative Industrial Properties stock.
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Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Innovative Industrial Properties.

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its quarterly earnings results on Wednesday, February, 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.47 by $0.56. Innovative Industrial Properties had a net margin of 55.71% and a trailing twelve-month return on equity of 6.05%.
View Innovative Industrial Properties' earnings history.

Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IIPR shares have increased by 140.3% and is now trading at $184.94.
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Innovative Industrial Properties announced a quarterly dividend on Tuesday, March 16th. Investors of record on Wednesday, March 31st will be paid a dividend of $1.32 per share on Thursday, April 15th. This represents a $5.28 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from Innovative Industrial Properties's previous quarterly dividend of $1.24.
View Innovative Industrial Properties' dividend history.

Innovative Industrial Properties pays an annual dividend of $5.28 per share and currently has a dividend yield of 2.89%. Innovative Industrial Properties has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Innovative Industrial Properties is 161.47%. 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 66.42% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
View Innovative Industrial Properties' dividend history.

7 equities research analysts have issued 1 year target prices for Innovative Industrial Properties' shares. Their forecasts range from $104.00 to $250.00. On average, they expect Innovative Industrial Properties' share price to reach $192.43 in the next year. This suggests a possible upside of 4.0% 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), Leaf Mobile (LEAF), OrganiGram (OGI), 22nd Century Group (XXII), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), KushCo (KSHB), NSAV (NSAV), Terra Tech (TRTC), General Cannabis (CANN), Pervasip (PVSP), Grow Capital (GRWC) and Nemus Bioscience (NMUS).
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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 shareholders include Pacer Advisors Inc. (0.16%), State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.05%), NEXT Financial Group Inc (0.03%), Crossmark Global Holdings Inc. (0.03%) and Silverleafe Capital Partners LLC (0.02%). 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 Pensionfund Sabic, Clear Street Markets LLC, State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pacer Advisors Inc., and Optimum Investment Advisors. 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 acquired by a variety of institutional investors in the last quarter, including Everence Capital Management Inc., Silverleafe Capital Partners LLC, Louisiana State Employees Retirement System, NEXT Financial Group Inc, Crossmark Global Holdings Inc., Cordasco Financial Network, and Redpoint Investment Management Pty Ltd. 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 $184.94.

Innovative Industrial Properties has a market capitalization of $4.42 billion and generates $44.67 million in revenue each year. The company earns $23.48 million in net income (profit) each year or $3.27 on an earnings per share basis.

Innovative Industrial Properties employs 15 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]