May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. The cannabis landlord company Cannabis is being legalized steadily across the U. Innovative Industrial Properties (IIPR) last ex-dividend date was on Sep 28, 2023. 1M. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. Equity REITs trade as a whole. 6% in Innovative Industrial Properties, Inc. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. In addition, the company generated a net income of $11. 48%) are down by more than a third from its peak (in late 2021). Innovative Industrial Properties Inc (IIPR) stock is down 0. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 6% off its high. Cannabis. Innovative Industrial Properties, Inc. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Earnings per share increased from $1. 20. The average twelve-month price prediction for Innovative Industrial Properties is $109. Its stock is still down sharply from its peak, but has also tripled from its nadir at the end of 2022 on signs of an economic rebound and that a deep recession is likely to be averted. IIPR earnings call for the period ending June 30, 2023. (IIPR) 22 Comments Juxtaposed Ideas 8. The payout, in the meantime, has ballooned into double digits. 95 per share. Investor FAQs. 5 brokers have issued 12-month price targets for Village Farms International's shares. 02% from the previous closing price of $175. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. If the stock offerings are prudently managed this is a $200. cannabis sector. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. IIPR had held up fairly well in past few days and 1-2 weeks, having dropped a little and much less compared to growth stocks. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 42% from the previous closing price of $185. At. 03% move from the prior day. The 28. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. 12 per share, beating the Zacks Consensus Estimate of $1. 6% to. The company in April. 26. 00 and the lowest IIPR stock price forecast at $85. 01%. Strong dividend paying companies in the US market. 7%-Yielding Dividend Stock Could Soar 68%. 61 on the stock market today. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 26, 2020 at 4:29 p. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Innovative Industrial Properties (IIPR-3. Complete Innovative Industrial Properties Inc. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. Yet, with shares. On average, they are forecasting that the company's top line will rise to $1. 's (NYSE:IIPR) value has dropped 5. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. $2B. The stock pays a dividend, currently with a forward yield of nearly 0. The stock has traded between $181. 12. International. Specifically, Exxon Mobil (NYSE: XOM) is down 5. 87 per diluted share, in Q1. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. After the change, there still remains approximately $33. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). Innovative Industrial Properties (IIPR) closed at $88. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. T. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. . In the 1st quarter of 2020, IIPR generated $21. This suggests a possible upside of 228. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. ET by Max A. This lower stock price might have also set up new investors for outsize returns. Future criteria checks 0/6. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 3% from the stock's current price. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. com users lately. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Plus the mkt is like a falling knife. by Zacks Equity Research Published on October 12,2023. 2 analysts, 0 (0%) are recommending IIPR as a Strong Buy, 0 (0%) are recommending IIPR as a Buy, 2 (100%) are recommending IIPR as a Hold, 0 (0%) are recommending IIPR as a Sell, and 0 (0%) are recommending IIPR as a Strong Sell. com - September 15 at 10:19 AM. IIPR has rewarded shareholders with a rapidly growing dividend. 1%, which is absurd when you consider the dividend growth track record and potential future. The worsening macroeconomics. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Market Cap. In 2021, IIPR grew revenue by 75% and AFFO. IIPR is the largest player in the cannabis REIT space, and is a potentially good investment opportunity due to its high yield and low valuation, with risks already priced in. 87%, while the broader index S&P. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. . Innovative Industrial Properties, Inc. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. 15%. Share your ideas and get valuable insights from the community of like minded traders and investors. View real-time IIPR. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Innovative Industrial Properties (IIPR) closed at $75. 8% of its value on the day. 32% loss on the day. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. IIPR has since increased its dividend by 2. 73%. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 86% from the previous closing price of $105. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. At. The stock still fell on the news and drifted lower again in June. We think falling share prices and deteriorating financials amongst IIPR’s borrowers should cause investors to reprice IIPR’s shares, given the mounting risks to its long-term loan book. 02. 68 per share on April 14, 2022. Expected Annual Pre-Tax Return. IIPR is currently trading at an EV/NTM Revenue of 10. 08 intraday, briefly clearing a 221. May 4, 2023 at 12:00 PM · 4 min read. NYSE: IIPR Innovative Industrial Properties. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 67 (2. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. So why is Innovative Industrial Properties' stock falling? Investors have a. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. falling by 79%. Sep. Learn more about Innovative Industrial Properties Inc’s (IIPR) stock grades for Value, Growth and Momentum and determine whether this REITs - Specialized stock meets your investment needs. IIPR has rewarded shareholders with a rapidly growing dividend. 94M Why are analysts so bullish on IIPR stock? The company continues to report double-digit revenue and earnings growth, a raft of new acquisitions, and a high dividend yield. 2m worth of stock in the past 12 months have had less success. 11x, lower than its 3Y pre-pandemic mean of 13. I wrote this article myself. the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry WHY IIPR WAS FORMED Specialized Real Estate U. Summary. 24%) ranked as one of the hottest cannabis stocks in the industry. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. During this time, the REIT tumbled from around $240 per share to as. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. com users lately. On this news, the price of IIPR stock fell more than 7% to close at $169. 7 attached. 24% while IIPR has. By Aaron Missere. Innovative Industrial Properties (IIPR) closed at $74. Over the past year the S&P 500 is lower by -10. 42. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. 0 and an annual dividend yield of 10. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. 10%) were lower by as much as 17. 5%, and it has net margins of 54. 5% this week, after issuing shares and reporting a capital markets update. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. The payout, in the meantime, has ballooned into double digits. 91x and 23. S. Get powerful stock screeners & detailed portfolio analysis. With shares trading at just 10-times earnings, this stock. 2020, Jan. 20 Innovative Industrial Properties, Inc. 6% to. With a yield of 8. IIPR Stock Valuation and Price Target Unlike most NNN REITs, IIPR has delivered rapid growth more resembling a tech company than a real estate landlord. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. 79. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Honestly, stocks like this one really remind me of what Peter Lynch said about. It operates through the following geographical segments: Arizona, California, Colorado, Florida. In exchange for about $110. S. Investors frequently choose between dividend growth and current income, but. 7% and that's expected to grow by about 10. In this video I talk about what will happen next with IIPR stock a. As these news came out in mid-July, IIPR's stock price has taken a significant hit. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Turning to the calls side of the option chain, the call contract at the $100. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. The stock's a buy even with slower growth. yahoo. 000000; an Industry Subrating of Low; a. 75% move from the prior day. 5% over the past four weeks to close the last trading session at $71. Innovative Industrial Properties ( IIPR 2. But the bottom might finally be in for this small-cap REIT. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. The S&P 500 fell 1. 51%), the only real estate investment trust. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. The stock has traded between $167. (IIPR) stock to fall significantly during trading on April 15, 2022. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. IIPR: Raising target price to $104. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. 77% move from the previous day. 55, moving +1. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 42. To sweeten the pot even more, it also. 07, or 3. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 28 in the latest trading session, marking a -1. 14 per share, beating the Zacks. m. Learn more on IIPR's dividend yield history. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 66 50-Day Range $69. IIPR earned $5. 14(0. By Aaron Missere. See more132% Rule Breakers High-growth Stocks 239% Free Article IIPR's Stock Price Plunged 22% -- Is it Still a Buy? By Liz Brumer-Smith – Mar 22, 2022 at 8:13AM. Innovative Industrial Properties, Inc. This change outpaced the S&P 500's 0. Meanwhile it can turn around and put that money to work getting a 16% annual return. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. IIPR is lower by -$0. 3 million in cash. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. Shares are dirt cheap at a price/FFO of 10. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Our overall hedge fund sentiment score for IIPR is 59. Get the latest Innovative Industrial Properties, Inc. 9% per annum. 36, or -0. 20. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. Innovative Industrial Properties (IIPR-3. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. And if a dividend cut does happen, then an even greater sell-off. 12 per share, beating the Zacks Consensus Estimate of $1. 00. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 92% at $100. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, REFI either through stock ownership, options, or other derivatives. 29, or -3. 50 to low of $46. 3% from the stock's current price. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 00, the stock is currently trading with a (forward) P/AFFO of 22. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. Like most other stocks in today's bear market, pessimism surrounding the economy and. Innovative Industrial Properties has plunged by -31. finance. However, the liquidity crunch. It operates through the following geographical segments: Arizona, California, Colorado, Florida. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. 05 and $188. IIPR At A Glance (IIPR) A core strength of Innovative is that they are far and away the largest of companies in this space with a market cap of over $2 billion and enterprise value approaching $2. Despite the challenges, Innovative. The stock outpaced the S&P 500's daily loss of 0. Share prices are down 30% from November 2021 highs despite the company. 6% per annum while its annual revenue is expected to grow at 2. 18. 7%, and it occasionally disburses special dividends to return excess cash to investors. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. ET. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. 46%. Image. IIPR is down over 30% from its peak. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. 7%-Yielding Dividend Stock Could Soar 68%. 58. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 95 so far today. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Near its 52-week low, it's. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. View the latest Innovative Industrial Properties Inc. 07% while the S&P 500 has risen 0. 15, your return over the last 6 years would have been 311. 07, revenue of $76. ET. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. This represents a significant discount to where U. cannabis operators require mission critical facilities with specialized buildouts to optimize environment and conform to licensing and zoning requirements Outsized Need for CapitalMarijuana stocks are at their best prices in years, with the coronavirus crisis possibly making this one of the best times to invest in pot stocks in years. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. At the. In the latest trading session. 19%. In detail, IIPR is acquiring approximately 92. Do Wall Street analysts like Innovative Industrial Properties more than its competitors?The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 15 per Common Share Declared in Last Twelve Months, Up $1. 83%) stock gained 4. 34 -1. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". 's stock may have disappointed insiders who bought US$192k worth of shares at an. The first incredible growth stock you'll be kicking yourself for not buying during the Nasdaq bear market drop is social media company Pinterest (PINS 0. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. , especially for. 83%). Market Cap. That kind of growth rate is similar to what traditional net lease peers report in the. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Find out before anyone else which stock is going to shoot up. Future criteria checks 0/6. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. A value trap is a stock or other investment that appears to be cheaply priced because it has been trading at low valuation metrics, such as multiples in terms of price to earnings (P/E), price to. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. 13 buy point from a three-weeks-tight pattern. Currency in. 47 from the previous closing price of $92. 36, or -0. This unique business sits at the corner. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 8% so far, to 108. Lemonade is a one-time fintech wonder that has fallen on hard times of late. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. The current dividend yield for Innovative Industrial Properties is 8. P. 35%) stock jumped 14. 3% annually. It would not be so easy to call NLCP overvalued at a. Innovative Industrial Properties ( IIPR -2. 06 billion this year, to be followed by a leap to $1. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Late last week, another shareholder filed suit in Maryland against cannabis real estate investment trust Innovative Industrial Properties (IIP) (NYSE: IIPR) for failing to be truthful to investors about its business dealings with Kings Garden. Shares are only down 0. S. May. Shares are offering a tempting 6. 00 and a low estimate of. 6% in Innovative Industrial Properties, Inc. Check out why I'm neutral on IIPR stock. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. I wrote this article myself, and it. 94MStock Price Forecast. 46%. . This compares to FFO of [email protected] on volume of 167,616 shares. 15. Although recessionary fears are. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 00 +3. In 2020, it generated revenue of $117 million. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. The stock prices of its tenants have plunged. The S&P 500 index returned 3% last month. 8 — by. I expect the IIPR stock price to move higher after months of falling. Securities. Innovative Industrial Properties, Inc. Innovative Industrial Properties, Inc. IIPR has posted truly impressive growth since it went public back in 2016. 15 in Dec 1, 2016. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. Series A stock information by Barron's. 7%Innovative Industrial Properties ( IIPR 0. 13%). The stock outpaced the S&P 500's daily. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 68%) has had a wild year. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. Over the past year the S&P 500 is down -14. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 45 per diluted. With the broader market falling, cannabis stocks took a bigger hit in 2022 due to the lack of progress toward federal legalization in the U. 5625 per share of IIP’s 9. 9B and total debt of $300. 27, moving +0. 02, marking a -1. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 00. 90 -0.