10 in dividends, for a dividend payout ratio of 84%. EPS is expected to decline by 1. 03 (-1. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. Securities. 1% on Friday as of 2:24 p. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . 36 $125. 2m worth of stock in the past 12 months have had less success. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. 07, revenue of $76. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, AFCG, PW either through stock ownership, options, or other derivatives. m. Innovative Industrial Properties's EBIT is $171. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. 75 with a high price target of $179. Summary. I last covered IIPR in August, where I rated the stock a buy on account of the 7. com - September 13 at 4:17 AM. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. PRA stock price and news, along with industry-best analysis. 13%). Q1 2023 Cash Dividend of $1. 6% yield. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. As a result, IIPR’s normalized FFO was $49. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. 00, or 16%, over dividends declared for the prior twelve months. 75 in the next year. 20 Innovative Industrial Properties, Inc. Innovative Industrial Properties distributed $1. 3 million in the 1st quarter of 2019. 26, 2020 at 4:29 p. 6% dividend yield. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. The average IIPR stock target price of $158 suggests nearly 37% upside potential. Elsewhere. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 18. Morsa Images. 44 so far today. Turning to the calls side of the option chain, the call contract at the $100. It operates through the following geographical segments: Arizona, California, Colorado, Florida. S. Shares now yield 5. Revenues have been growing at an average rate of 46% per year. 37 50-Day Range $69. This rating change. 23% while the S&P 500 has gained 1. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. Tobacco and alcohol tend to do well in times of recession or. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. 46M beats by $2. 99. The stock is on sale. 5%. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. Year-to-date, shares of IIPR stock have dropped by 59. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 15%. So far 798,498 shares have traded compared to average volume of 464,816. The company's annualized yield currently comes in at 2. Volume today is elevated. This lower stock price might have also set up new investors for outsize returns. 3% to access that capital. S. The stock is down more than 50% from its November 2021 high. The share price for Innovative Industrial Properties ( IIPR -3. President Biden's recent move to decriminalize federal convictions of simple marijuana possession likely helped spur a liftoff in IIPR stock, as short interest as a percentage of its float reached. Zacks Equity Research. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. S. 6% off its high. The average twelve-month price prediction for Innovative Industrial Properties is $109. 02 Innovative Industrial Properties FFO of $2. In addition, the company generated a net income of $11. 6% to. 00 to $179. Let's take a closer look at each company. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. The stock lost almost 6. Stocks: Real-time U. 24% while IIPR has. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. IIPR 72. 5% loss. ET. 03% move from the prior day. P. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 84% YTD and -74. 2%, while the Industrial REITs industry saw earnings growing at 24. 80%) collapsed by more than 14. Innovative Industrial Properties, Inc. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. Hexo Stock Chart. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 95 per share. is a real estate investment trust. (IIPR) NYSE - NYSE Delayed Price. Over the last five years, Innovative Industrial Properties ( IIPR 0. 4. 60%). The market has been avoiding cannabis stocks because of excess supply in. Over the past year the S&P 500 is down -14. 65%) hasn't exactly been a strong-performing REIT, with tenant troubles and interest rate headwinds contributing to the stock trading for nearly 75% below. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, AFCG, PW either through stock ownership, options, or other derivatives. IIPR can go out and issue tons of new stock and pay just 2. Learn more on IIPR's analyst rating history. The common stock dividends declared for the last twelve months of $7. Story continues. 1% and Real Estate Select Sector SPDR ETF falling 11. cannabis. Image. Innovative Industrial Properties, Inc. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. . Besides, the duo will partner on the development of 324,000. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. m. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Innovative Industrial Properties, Inc. 5% per year. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. 07, or 3. 83%) does, its strongest advantages, and its biggest weaknesses. IIPR stock fell 1. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. com users lately. 24%) ranked as one of the hottest cannabis stocks in the industry. It would not be so easy to call NLCP overvalued at a. Hexo Stock Chart. The yield sits above 9% after the most recent 5. 4% in August, according to data from S&P Global Market Intelligence. IIPR has fallen -$0. The vast. 32 in the latest trading session, marking a +0. May 18, 2023 at 12:00 PM · 4 min read. com - September 13 at 4:17 AM. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. IIPR has posted truly impressive growth since it went public back in 2016. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. 5. IIPR shares are down 63% YTD and could fall further if higher. Shares are dirt cheap at a price/FFO of 10. Innovative Industrial Properties, Inc. 99 in the latest trading session, marking a -1. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. Analyst’s Disclosure: I/we have a beneficial long position in the shares of BX, IIPR, O, OHI, AND STAG either through stock ownership, options, or other derivatives. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Aug 03, 2023, 1:00 p. 1 million in revenue, up 210% from the 1st quarter in 2019. 1%. 86% from the previous closing price of $88. 75 a share -- giving the stock a dividend yield of 5. 30 so far today. 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. (NYSE: IIPR) a real estate company focused on the U. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Wall Street Thinks This 10. 1%, which is absurd when you consider the dividend growth track record and potential future. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. Although recessionary fears are. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. 26, up sequentially from $2. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. ". 39, moving +1. 9% per annum. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 12 per share, beating the Zacks Consensus Estimate of $1. Its total assets and total liabilities are $2. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. Hexo has cut jobs and tried to shrink costs and lower its debt burden. NYSE: IIPR Innovative Industrial Properties. The company is set to announce its earnings results on August 7. IIPR has made the most of its early to-market position. 13, marking a -1. 18% move from the prior day. 58. 05 to $1. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. Its 2022 revenue of $276 million was up 35% versus 2021. Over the past year the S&P 500 is down -14. 1 million, or $1. 48, or 2. 97x and NTM Price/FFO Per Share of 13. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. 07, revenue of $76. Pfd. They first came onto my radar back in 2020. In fact, since bottoming out in June, the REIT popped from about $64 to $82. ET after. 68%) has had a wild year. 28 in the latest trading session, marking a -1. marketbeat. As of June 30, 2022, we owned 111 properties comprising an. Innovative Industrial Properties (IIPR) closed at $164. Innovative Industrial Properties ( IIPR 2. 0%. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. 6% to. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. S. Volume today is light. IIPR earned $5. May. 94 SMG Scotts Miracle-Gro $70. 7% on Friday and is 19. Its dividend has increased for five straight years as well. Also, its 2022 AFFO was $234 million, or $8. Cannabis. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. 9B and total debt of $300. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 2021 and Feb. During 2021 and year-to-date, IIP did not issue any shares of common stock under its “at-the-market” equity offering program, and as of February 23, 2022, had. falling by 79%. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 4% on the day. Check out why I'm neutral on IIPR stock. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. By Aaron Missere. IIPR runs the risk of becoming a battleground income stock like Medical Properties Trust where near-perpetual issues with tenants reflect itself as forever angst around the payouts and a falling. Analysts anticipate more growth. ET by Max A. Innovative Industrial Properties ( IIPR 1. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. Sep. 45 per diluted. This lower stock price might have also set up new investors for outsize returns. Shares are only down 0. 48%), referring to the cannabis company as a "marijuana bank" as. The current dividend yield for Innovative Industrial Properties is 8. The stock outpaced the S&P 500's daily. 93%), Bank of America, Chevron, and Coca. 2% from the previous closing price of $182. 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. I wrote this article myself, and it expresses my. 01 in the past 12. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. Some analyst estimates for the stock seem to be outdated. 4B and $440. S. Despite that, we assessed the recent pullback is healthy and. At the. 20. This change lagged the S&P 500's daily loss of 1. 18 on volume of 249,380 shares. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. It’s down 7% so far this month, and it’s currently trading at $114. 8% in late trading Tuesday after closing up 2. yahoo. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. The stock is trading at a low price-to. Innovative Industrial Properties, Inc. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 15. 6% in Innovative Industrial Properties, Inc. I watched the stock fall from nearly $300 to a. 46%. . 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. 40%) -$1. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 75 on April 14, representing a 17% increase over Q4-21. Data by YCharts. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. A submerged stock price doesn't necessarily mean a company is a bargain, however. IIPR is currently trading at an EV/NTM Revenue of 10. 15%. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 02% from the previous closing price of $175. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 26, 2020 at 4:29 p. More Information. Zacks Equity Research. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 7 attached. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". According to my calculations, there is a growth potential of 22. Even if. 55% move from the previous day. Volume today is 182,926 compared to average volume of 205,534. stock was issued. 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. Shares of Innovative Industrial Properties (IIPR) have gained 0. 61% gain on the day. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Full. 83%) stock has been struggling mightily this year. As a result, IIPR’s normalized FFO was $49. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. if you shorted IIPR on 4/18/22 for about $163 SH. Innovative Industrial Properties ( IIPR 0. Shares of Innovative Industrial Properties (IIPR-1. IIPR has rewarded shareholders with a rapidly growing dividend. What happened with shares of IIPR is a feature, not a bug, of the best REITs. 15 in Dec 1, 2016. Johnson & Johnson ( JNJ 0. Over the last four quarters. The Broker Recommendations chart displays the recommendations made by brokerage firms and are not a recommendation to buy or sell a share, but instead indicate of how the broker thinks the company. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. And make no. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. And if a dividend cut does happen, then an even greater sell-off. 6% in Innovative Industrial Properties, Inc. In our opinion, the award seems reasonable. In the latest trading session. (IIPR-0. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. At the time of this writing, the company has 60 consecutive years. The trend seems to continue down , but. 6% per annum while its annual revenue is expected to grow at 2. Today's Range $78. com users lately. The stock outpaced the S&P 500's daily loss of 0. 13%). There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Subscribe Now See Plans & Pricing. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 62 at zenith of its stock price in next year following your. The stock fell as much as 17. 75 on April 14, representing a 17% increase over Q4-21. Yet, with shares. 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. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Share prices are down 30% from November 2021 highs despite the company. 3 million in cash. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 3% annually. 38 in the latest trading session, marking a +0. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. August 3, 2022 at 7:55 PM · 3 min read. Innovative Industrial Properties (IIPR) closed at $74. Innovative Industrial Properties (IIPR) $71. 10%) were lower by as much as 17. 9% Cum. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. I wrote this article myself. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. 25. The stock prices of its tenants have plunged. 15, your return over the last 6 years would have been 311. The analyst also reduced the stock's price target from $24. 9% sequentially and has returned 17% overall. Innovative Industrial Properties's earnings are forecast to decline at 0. The cannabis landlord company Cannabis is being legalized steadily across the U. While income investors may be. Shares are dirt cheap at a price/FFO of 10. IIPR data by YCharts. February 24, 2023 at 9:19 AM · 4 min read. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. 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. 89%. 01 and. Innovative Industrial Properties, Inc.