NYSE:IIPR Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $51.32 -0.38 (-0.74%) Closing price 08/1/2025 03:59 PM EasternExtended Trading$51.64 +0.33 (+0.63%) As of 08/1/2025 07:07 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock About Innovative Industrial Properties Stock (NYSE:IIPR) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get IIPR alerts:Sign Up Key Stats Today's Range$50.50▼$52.1450-Day Range$51.32▼$59.0152-Week Range$45.44▼$138.35Volume290,640 shsAverage Volume253,116 shsMarket Capitalization$1.44 billionP/E Ratio9.87Dividend Yield14.81%Price Target$78.67Consensus RatingHold Company Overview Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Read More Innovative Industrial Properties Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks83rd Percentile Overall ScoreIIPR MarketRank™: Innovative Industrial Properties scored higher than 83% of companies evaluated by MarketBeat, and ranked 309th out of 919 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.1 / 5Analyst RatingHold Consensus RatingInnovative Industrial Properties has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 5 hold ratings, and 2 sell ratings.Amount of Analyst CoverageInnovative Industrial Properties has only been the subject of 1 research reports in the past 90 days.Read more about Innovative Industrial Properties' stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth6.76% Earnings GrowthEarnings for Innovative Industrial Properties are expected to grow by 6.76% in the coming year, from $8.28 to $8.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Innovative Industrial Properties is 9.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Innovative Industrial Properties is 9.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.74.Price to Book Value per Share RatioInnovative Industrial Properties has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Innovative Industrial Properties' valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted6.32% of the outstanding shares of Innovative Industrial Properties have been sold short.Short Interest Ratio / Days to CoverInnovative Industrial Properties has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Innovative Industrial Properties has recently decreased by 1.67%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipInnovative Industrial Properties is a leading dividend payer. It pays a dividend yield of 14.70%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthInnovative Industrial Properties has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Innovative Industrial Properties is 146.15%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Innovative Industrial Properties will have a dividend payout ratio of 85.97% in the coming year. This indicates that Innovative Industrial Properties may not be able to sustain their current dividend.Read more about Innovative Industrial Properties' dividend. Sustainability and ESG0.0 / 5Environmental Score-1.91 Percentage of Shares Shorted6.32% of the outstanding shares of Innovative Industrial Properties have been sold short.Short Interest Ratio / Days to CoverInnovative Industrial Properties has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Innovative Industrial Properties has recently decreased by 1.67%, indicating that investor sentiment is improving. News and Social Media3.6 / 5News Sentiment1.49 News SentimentInnovative Industrial Properties has a news sentiment score of 1.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Innovative Industrial Properties this week, compared to 11 articles on an average week.Search Interest40 people have searched for IIPR on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Innovative Industrial Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Innovative Industrial Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of Innovative Industrial Properties is held by insiders.Percentage Held by Institutions70.58% of the stock of Innovative Industrial Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Innovative Industrial Properties' insider trading history. Receive IIPR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Innovative Industrial Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address IIPR Stock News HeadlinesInnovative Industrial Properties (IIPR) Expected to Announce Quarterly Earnings on MondayAugust 2 at 2:15 AM | americanbankingnews.comInnovative Industrial Properties Announces Second Quarter 2025August 1 at 6:55 AM | businesswire.comThe stealth altcoin the financial world is underestimatingThe Single Most Undervalued DeFi Protocol You've Never Heard Of If there's one cryptocurrency you should buy in this market, this token might just be it.August 2 at 2:00 AM | Crypto 101 Media (Ad)What is Roth Capital's Forecast for IIPR Q1 Earnings?August 1 at 2:53 AM | americanbankingnews.comInnovative Industrial Properties Is A Cautious BuyJuly 21, 2025 | seekingalpha.comInnovative Industrial's Preferred Got InterestingJuly 16, 2025 | seekingalpha.comCredit Rating For The Unrated REITs (Part 9): Innovative Industrial PropertiesJuly 15, 2025 | seekingalpha.com3 Dividend Growth Stocks to Turn $10,000 Into $50,000 by 2035July 14, 2025 | 247wallst.comSee More Headlines IIPR Stock Analysis - Frequently Asked Questions How have IIPR shares performed this year? Innovative Industrial Properties' stock was trading at $66.64 at the start of the year. Since then, IIPR shares have decreased by 23.0% and is now trading at $51.32. How were Innovative Industrial Properties' earnings last quarter? Innovative Industrial Properties, Inc. (NYSE:IIPR) issued its earnings results on Wednesday, May, 7th. The company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by $0.12. The company's revenue was down 5.7% on a year-over-year basis. Read the conference call transcript. When did Innovative Industrial Properties IPO? Innovative Industrial Properties (IIPR) raised $176 million in an initial public offering on Thursday, December 1st 2016. The company issued 8,800,000 shares at a price of $20.00 per share. Ladenburg Thalmann and Compass Point served as the underwriters for the IPO. Who are Innovative Industrial Properties' major shareholders? Top institutional shareholders of Innovative Industrial Properties include Koa Wealth Management LLC (0.24%), TrueWealth Advisors LLC (0.22%), Wedge Capital Management L L P NC (0.17%) and Exchange Traded Concepts LLC (0.14%). Insiders that own company stock include Alan D Gold and David Stecher. View institutional ownership trends. How do I buy shares of Innovative Industrial Properties? Shares of IIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Innovative Industrial Properties own? Based on aggregate information from My MarketBeat watchlists, some other companies that Innovative Industrial Properties investors own include Mesa Air Group (MESA), BMO Capital Markets (), Stifel Nicolaus (), Wunderlich (), Standpoint Research (), Duncan Williams () and Soleil Securities (). Company Calendar Last Earnings5/07/2025Record date for 7/15 Dividend6/30/2025Ex-Dividend for 7/15 Dividend6/30/2025Dividend Payable7/15/2025Today8/02/2025Next Earnings (Estimated)8/04/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry REIT - EQTY TRUST - OTHER Sub-IndustryCannabis Current SymbolNYSE:IIPR Previous SymbolNASDAQ:IIPR CIK1677576 Webwww.innovativeindustrialproperties.com Phone(858) 997-3332FaxN/AEmployees20Year FoundedN/APrice Target and Rating Average Price Target for Innovative Industrial Properties$78.67 High Price Target$130.00 Low Price Target$45.00 Potential Upside/Downside+53.3%Consensus RatingHold Rating Score (0-4)2.11 Research Coverage9 Analysts Profitability EPS (Trailing Twelve Months)$5.20 Trailing P/E Ratio9.87 Forward P/E Ratio6.20 P/E GrowthN/ANet Income$161.66 million Net Margins50.30% Pretax Margin50.30% Return on Equity8.01% Return on Assets6.45% Debt Debt-to-Equity Ratio0.15 Current Ratio10.73 Quick Ratio10.73 Sales & Book Value Annual Sales$308.52 million Price / Sales4.66 Cash Flow$8.19 per share Price / Cash Flow6.27 Book Value$67.50 per share Price / Book0.76Miscellaneous Outstanding Shares28,010,000Free Float27,451,000Market Cap$1.44 billion OptionableOptionable Beta1.65 7 Stocks to Buy And Hold ForeverEnter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report This page (NYSE:IIPR) was last updated on 8/2/2025 by MarketBeat.com Staff From Our PartnersElon’s Secret Social Security BombshellTo All Americans Born Before April 16th, 1963: Did Trump Just Give The Green Light To Radically RE-DO Social S...Banyan Hill Publishing | SponsoredElon’s BIGGEST warning yet?Tesla's About to Prove Everyone Wrong... Again Back in 2018, when Jeff Brown told everyone to buy Tesla… ...Brownstone Research | SponsoredChina just unlocked Nvidia’s AI chips—what that means for youTired of Missing Big AI Moves Like Nvidia? You’re not the problem—your trading system is. Tim’s XGPT system...Timothy Sykes | SponsoredThis Social Security Shift Could Boost Benefits by 400%If you currently collect Social Security—or plan to in the future—this may be one of the most important update...InvestorPlace | SponsoredMan Who Called Nvidia at $1.10 Says Buy This Now...In 2004, one man called Nvidia before just about anyone knew it existed. 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