Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. (IIPR) NYSE - NYSE Delayed Price. com - September 13 at 4:17 AM. It has also. According to a filing with the U. IIPR is currently trading at an EV/NTM Revenue of 10. 67 in the latest trading session, marking a +1. 75 to $4. 2%, while the Industrial REITs industry saw earnings growing at 24. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. 11x, lower than its 3Y pre-pandemic mean of 13. 15, your return over the last 6 years would have been 311. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. S. 2m worth of stock in the past 12 months have had less success. 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. February 24, 2023 at 9:19 AM · 4 min read. IIPR's return is nearly. 95 so far today. PRA stock price and news, along with industry-best analysis. 52%) and AFC Gamma (AFCG-0. The recent price decline of 3. 48%), referring to the cannabis company as a "marijuana bank" as. Shares now yield 5. 46M beats by $2. 5. The. Johnson & Johnson ( JNJ 0. 15, about 28% more than. Learn more on IIPR's analyst rating history. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. This development will increase its costs and impact its. Innovative Industrial Properties, Inc. 62 at zenith of its stock price in next year following your. The stock's a buy even with slower growth. At the moment, IIPR is trading at a premium to peers. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. 4%. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Do note, that if the. Pfd. Innovative Industrial Properties (IIPR-1. 87%, while the broader index S&P. In the latest trading session. S. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. $2B. In 2020, it generated revenue of $117 million. Sometimes the price moves, both higher and lower, can be dramatic. 00. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. marketbeat. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. Share your ideas and get valuable insights from the community of like minded traders and investors. Innovative Industrial Properties, Inc. IIPR 72. Cannabis. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Shares have tumbled 56% year-to-date. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. I wrote this article myself. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. The worsening macroeconomics. ” The news caused Industrial Properties, Inc. (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. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 8% in late trading Tuesday after closing up 2. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. The average twelve-month price prediction for Innovative Industrial Properties is $109. This represents a significant discount to where U. Eric Volkman has no position in any of the stocks mentioned. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. I wrote this article myself. View real-time IIPR. The trust's dividend pay-out. Mar 19, 2020. 46%. 61% gain on the day. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 8M making its interest coverage ratio. IIPR has made the most of its early to-market position. 00, with the highest IIPR stock price forecast at $95. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. m. These three cannabis stocks could eventually rally to higher highs. 47 to $2. S. 32 (+7. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. 32, marking a +0. 07, or 3. Despite the challenges, Innovative. IIPR earnings call for the period ending June 30, 2023. yahoo. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Innovative Industrial Properties (IIPR 0. Over the past year the S&P 500 is down -14. 6% in January, according to data provided by S&P. 02. 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. 38 Volume 166,850 shs Average Volume 293,799 shs Market. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Volume today is 182,926 compared to average volume of 205,534. 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. 6% to. Financial Health criteria checks 4/6. 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. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 1%, which is absurd when you consider the dividend growth track record and potential future. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 51%) (As of 11/21/2023 ET) Today's Range $79. IIPR grew its dividend by roughly 40% in 2018, 186% in 2019, 24% in 2020, and 21% thus far in 2021 (IIPR recently declared a $1. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. No other REIT could come close to this. After all, over the last three years, the company's. 01 in the past 12. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 6% per annum while its annual revenue is expected to grow at 2. 4% in August, according to data from S&P Global Market Intelligence. Technical analysis forecast for Innovative Industrial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Hexo has cut jobs and tried to shrink costs and lower its debt burden. IIPR is an exciting stock that some believe has significant upside. Innovative Industrial Properties's earnings are forecast to decline at 0. At. 48 so far today. 26, up sequentially from $2. 7% to 4,357. Fed I invested in IIPR at a fortunate moment (in 2019 at roughly same price as current stock price) and was lucky enough to get out in time (sold in Nov. Year-to-date, shares of IIPR stock have dropped by 59. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. I think it will fall much further as time goes on. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. m. 7%Innovative Industrial Properties (IIPR) closed at $197. It’s down 7% so far this month, and it’s currently trading at $114. 7 attached. 10%) is. (IIPR) stock is trading at $189. 55% move from the previous day. 3 million in the 1st quarter of 2019. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. The IPO. Stocks: Real-time U. In their. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. Yet, with shares. View the latest Innovative Industrial Properties Inc. 1%. According to my calculations, there is a growth potential of 22. But the bottom might finally be in for this small-cap REIT. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 1% yield is indeed a reward for investors seeking the highest income potential. 07 beats by $0. 62% ) released solid third-quarter results after the. Complete Innovative Industrial Properties Inc. 12 per share, beating the Zacks Consensus Estimate of $1. At the. 39, moving +1. This is a business that started from zero only a few years ago. This means. 5% loss. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. kmatija. IIPR is lower by -$0. The stock outpaced the S&P 500's daily loss of 0. Expected Annual Pre-Tax Return. 99 in the latest trading session, marking a -1. I don't think it's in trouble at all, and I'd go further and say it's a fine stock for any investor to consider buying. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 00 and a low estimate of. 4% dividend hike. By Aaron Missere. The company conducted an IPO in late November 2017 at $20 per share and listed on the New York Stock Exchange with the symbol "IIPR," and it traded below that price for more than a year. What happened with shares of IIPR is a feature, not a bug, of the best REITs. Despite the fact that Innovative Industrial Properties, Inc. Innovative Industrial Properties, Inc. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 87 per diluted share, in Q1. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 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. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. 99 and $192. As one of the leading owners of industrial real estate leased to state. And make no. 02, marking a -1. 79. Zacks Equity Research. These three cannabis stocks could eventually rally to higher highs. I/we have no stock,. 00. This. 14 per share, beating the Zacks. 84 and $174. S. 6% dividend yield. 82% move from the prior day. Currency in USD. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. The yield sits above 9% after the most recent 5. 86% move from the previous day. 00, the stock is currently trading with a (forward) P/AFFO of 22. 97x and NTM Price/FFO Per Share of 13. On Jan. S. 18 from the previous closing price of $79. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. 24%) ranked as one of the hottest cannabis stocks in the industry. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. Series A stock information by Barron's. Innovative Industrial Properties IIPR stock is a REIT based out of San Diego, California that invests in real estate dedicated to cannabis production and processing. This is almost twice the S&P 500. Johnson & Johnson. Share your ideas and get valuable insights from the community of like minded traders and investors. 50 per share on Oct. NYSE: IIPR Innovative Industrial Properties. 65 represents a price-to-book ratio of 1. Among that is what has Innovative Industrial Properties (NYSE: IIPR) stock falling, why hydrogen stocks are heading lower, as well as what’s behind the rally of United Maritime Corporation. 78, marking a -0. Innovative Industrial Properties's return on equity is 8. 14(0. Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. IIPR bounced up in November 2021, along with the. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. Get the latest Innovative Industrial Properties, Inc. This. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. Shares of UnitedHealth Group ( UNH 0. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. 03% move from the prior day. by Zacks Equity Research Published on October 12,2023. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Markets, so far on Friday, appeared to take new. The REIT owns a diversified portfolio of properties that cater to cannabis producers. Their VFF share price targets range from $1. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. Despite that, we assessed the recent pullback is healthy and. This change lagged the S&P 500's daily gain of 1. IIPR has plunged by -31. With a yield of 8. 46M beats by $2. 12. 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. The stock lost almost 6. 15. 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. Mar 19, 2020. 68%) has had a wild year. 75 in the next year. The recent price decline of 3. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. IIPR earnings call for the period ending June 30, 2023. 9% Cum. May. It operates through the following geographical segments: Arizona, California, Colorado, Florida. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. 75 with a high price target of $179. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Besides, the duo will partner on the development of 324,000. 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. Zacks Equity Research. 13 buy point from a three-weeks-tight pattern. by Zacks Equity Research Published on October 12,2023. Market Cap. Investors frequently choose between dividend growth and current income, but. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. Over the last five years, Innovative Industrial Properties ( IIPR 0. Follow. This change outpaced the S&P 500's 0. So far 111,495 shares have traded compared to average volume of 204,355 shares. 11% while IIPR is lower by -59. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. The payout, in the meantime, has ballooned into double digits. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. Over the past year the S&P 500 is lower by -10. Innovative Industrial Properties, Inc. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 84% YTD and -74. As these news came out in mid-July, IIPR's stock price has taken a significant hit. Key Points. This development will increase its costs and impact its. As a REIT, IIPR stock has shown some promising developments. 42% from the previous closing price of $185. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. 18, Innovative Industrial Properties ( IIPR 3. I could see IIPR trading at 15x forward AFFO, representing a stock price of $120 per share - but note that there is a wide range of fair value for the stock considering the high growth potential. 30 and could see higher highs. 23% while the S&P 500 has gained 1. The current dividend yield for Innovative Industrial Properties is 8. 84% YTD and -74. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. The company in April. With shares trading at just 10-times earnings, this stock. 69 (business) days IIPR was below $79. Besides, the duo will partner on the development of 324,000. The company's annualized yield currently comes in at 2. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 9. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Its dividend has increased for five straight years as well. The safety that IIP's stock once offered investors is long gone. KLH49/iStock via Getty Images. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. IIPR stock fell 1. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. S. Share prices are down 30% from November 2021 highs despite the company. 67 (2. Stocks According to . Revenues have been growing at an average rate of 46% per year. 06 billion this year, to be followed by a leap to $1. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Story continues. This compares to FFO of [email protected] on volume of 167,616 shares. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. NYSE: IIPR Innovative Industrial Properties. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. Hexo Stock Chart. 3%. IIPR paid a quarterly dividend of $1. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. IIPR has rewarded shareholders with a rapidly growing dividend. Summary. By buying indoor cultivation space from marijuana companies. Securities. 00 to $179. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. Join the Conversation! Build your trading network; Follow your favorite assets. 3% from the stock's current price. However, the liquidity crunch. 13, marking a -1. Innovative Industrial Properties (IIPR-1. Tobacco and alcohol tend to do well in times of recession or. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. So far 798,498 shares have traded compared to average volume of 464,816. Innovative Industrial Properties ( IIPR 0. Subscribe Now See Plans & Pricing. 05 and $188. It had only collected 92. After the change, there still remains approximately $33. Wall Street Thinks This 10. 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. As a result, IIPR’s normalized FFO was $49.