Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. $2B. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. com - September 15 at 10:19 AM. $2B. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. 51 during the height of the pandemic sell-off; 184 days above $75. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. Hexo Stock Chart. IIPR has dropped around 20% in the last 12 months, compared to the broader REIT sector, which is up around 3% over the same time. Wall Street analysts' overly optimistic recommendations cast doubt. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. Currency in. NYSE: IIPR Innovative Industrial Properties. 00. 73% from the previous trading session. 18 from the previous closing price of $79. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. 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. I think it will fall much further as time goes on. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. 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. P/AFFO by year. But the bottom might finally be in for this small-cap REIT. I wrote this article myself. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. ET by Max A. 99 $89. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 54%. 1 million in revenue, up 210% from the 1st quarter in 2019. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Story continues. Find out before anyone else which stock is going to shoot up. The stock is on sale. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. The stock was hit by a scathing short-seller report last month. 12. com - September 15 at 10:19 AM. Join the Conversation! Build your trading network; Follow your favorite assets. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. Innovative Industrial Properties ( IIPR 0. 18, indicating a good swim trunk fit. Innovative Industrial Properties ( IIPR 2. com users lately. 46M beats by $2. The company's annualized yield currently comes in at 2. Shares are offering a tempting 6. Eric Volkman has no position in any of the stocks mentioned. This change lagged the S&P 500's daily gain of 0. 00 and a low estimate of. IIPR has had tremendous growth as the cannabis industry has grown. 66 50-Day Range $69. Innovative Industrial Properties, Inc. 00 stock in one year. Get the latest Innovative Industrial Properties, Inc. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. . Therefore, it is wise to be aware of the facts that can impact the stock's prospects. With a yield of 8. January 14, 2023 at 5:00 AM · 3 min read. 13%). In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. Read more to see why NLCP stock is my top pick for 2023. 07 beats by $0. 22, but there could still be a solid upside left in the stock. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. IIPR has rewarded shareholders with a rapidly growing dividend. 10%) is. IIPR is down over 30% from its peak. The average IIPR stock target price of $158 suggests nearly 37% upside potential. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Stock is falling and might fall more. is a real estate investment trust. Hexo has cut jobs and tried to shrink costs and lower its debt burden. NLCP is not listed on an exchange. May 4, 2023 at 12:00 PM · 4 min read. While income investors may be. 80x, respectively. 8 per share that represents a 9. As one of the leading owners of industrial real estate leased to state. Besides, the duo will partner on the development of 324,000. 93%), Bank of America, Chevron, and Coca. 07 beats by $0. 7% and that's expected to grow by about 10. ” The news caused Industrial Properties, Inc. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. 62 at zenith of its stock price in next year following your. by Zacks Equity Research Published on October 12,2023. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. The stock pays a dividend, currently with a forward yield of nearly 0. 07, or 3. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. 29, or -3. 19%. cannabis. 4. 94 SMG Scotts Miracle-Gro $70. I wrote this article myself, and it expresses my. (IIPR) stock is trading at $182. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. 14(0. finance. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. Tilray ( TLRY ): The company is seeing. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. 6% dividend yield. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. The S&P 500 fell 1. 13%), a provider of growing facilities for medical marijuana producers, fell 24. (IIPR-0. So if we consider whether. (IIPR) NYSE - NYSE Delayed Price. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. But IIPR is no longer the only publicly traded REIT in the medical marijuana. The stock has traded between $185. In my opinion, IIPR. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. Sep. The stock outpaced the S&P 500's daily loss of 0. 47 from the previous closing price of $92. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. The company has engaged in an aggressive growth plan over the last couple of years, but has recently stalled due to higher interest rates in the macro environment. (IIPR) 13 Comments Blake Downer 1. Turning to the calls side of the option chain, the call contract at the $100. Over the past year the S&P 500 is down -14. 75 on April 14, representing a 17% increase over Q4-21. Their IIPR share price targets range from $80. Volume today is 182,926 compared to average volume of 205,534. 's (NYSE:IIPR) value has dropped 5. That kind of growth rate is similar to what traditional net lease peers report in the. 10%) were lower by as much as 17. by Zacks Equity Research Published on October 12,2023. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 54 $79. 83%), which owns marijuana-related assets, fell a sharp 16% in the. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. The recent price decline of 3. 34 -1. The company in April. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. 36, or -0. Find the latest Innovative Industrial Properties, Inc. ". In detail, IIPR is acquiring approximately 92. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 95 so far today. 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. 91x and 23. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. . Innovative Industrial Properties ( IIPR 0. As a REIT, IIPR stock has shown some promising developments. . Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. P. (IIPR) stock news and headlines to help you in your trading and investing decisions. 23% while the S&P 500 has gained 1. 5%. If you had invested in Innovative Industrial Properties stock at $19. 02, marking a -1. Its 2022 revenue of $276 million was up 35% versus 2021. In the latest trading session. 24%) ranked as one of the hottest cannabis stocks in the industry. By buying indoor cultivation space from marijuana companies. Wall Street Thinks This 10. 84% YTD and -74. 5% per year. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. IIPR is lower by -$0. 94MStock Price Forecast. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Innovative Industrial Properties, Inc. The stock has traded between $181. But then things turned south. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. IIPR earned $5. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 27, moving +0. The average twelve-month price prediction for Innovative Industrial Properties is $109. S. 001 per share, 50,000,000 shares authorized: 9. Innovative Industrial Properties ( IIPR 1. 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. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Today's Range $78. 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. 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. May. Securities. A bad year for investors in Innovative Industrial Properties ( IIPR -3. I wrote this article myself, and. 08 intraday, briefly clearing a 221. Yet, with shares. It had only collected 92. The vast. May. 9. 9% per annum. At the. 75% move from the prior day. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. 9. 9% per annum. 1% move from the previous day. Innovative Industrial Properties's return on equity is 8. The consensus among . Innovative Industrial Properties has been growing earnings at an average annual rate of 47. IIPR's shares are down more than 66% this year. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 78. And if a dividend cut does happen, then an even greater sell-off. Innovative Industrial Properties (IIPR-3. This lower stock price might have also set up new investors for outsize returns. 48%), referring to the cannabis company as a "marijuana bank" as. stock was issued. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 7%Innovative Industrial Properties (IIPR) closed at $197. Summary. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 3% to access that capital. In 2021, IIPR grew revenue by 75% and AFFO. Like most other stocks in today's bear market, pessimism surrounding the economy and. Innovative Industrial Properties (IIPR) closed at $74. In exchange for about $110. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 68%) has had a wild year. 33% from the previous trading session. The. Among. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. . This. IIPR paid a quarterly dividend of $1. 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. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Like I said, the all-time high for the IIPR stock was at around $300 and they are currently trading at about $89 which is a roughly 70% drop! Plus, it looks like the stock has established a bottom at around $90 although the lowest support I can see is at about $68. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. 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. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. stock was originally listed at a price of $19. 30% while IIPR is lower by -52. Innovative Industrial Properties's earnings are forecast to decline at 0. Shares are only down 0. The stock outpaced the S&P 500's daily loss of 0. (IIPR) NYSE - NYSE. No other REIT could come close to this. Summary. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. Over the last four quarters. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. IIPR buys properties and leases them to. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. 20. S. Innovative Industrial Properties ( IIPR -2. May. I watched the stock fall from nearly $300 to a. PRA stock price and news, along with industry-best analysis. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. IIPR has since increased its dividend by 2. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. This represents a significant discount to where U. 6% to. Innovative Industrial Properties (IIPR 0. 04%. Its EPS Rating is a worst-possible 1. 75 with a high price target of $179. 48 so far today. 46M beats by $2. Still, it. In their. At. 5625 per share of IIP’s 9. Summary. By Aaron Missere. Share your ideas and get valuable insights from the community of like minded traders and investors. Investors frequently choose between dividend growth and current income, but. 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. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. falling by 79%. 20. 30 and could see higher highs. 34 52-Week Range $63. 80 per Common Share Contributes to Aggregate of $7. Follow. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 69 a share. There aren't many REITs that fit. By Aaron Missere. IIPR stock fell 6% to 207 after hours in the stock market today. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. The payout, in the meantime, has ballooned into double digits. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. On Jan. com users lately. 90 -0. 02% from the previous closing price of $175. 18. 6% in January, according to. Complete Innovative Industrial Properties Inc. Today, in the low $90s, the REIT offers a dividend yield of 7. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. Currency in USD. 00. 83%) stock has been struggling mightily this year. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. As a result, IIPR’s normalized FFO was $49. 00 to $179. Stock Price Forecast. 33% as of 3:49 PM on Tuesday, Mar 21. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. m. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Share your ideas and get valuable insights from the community of like minded traders and investors. The company then paid a quarterly dividend of $1. 89 at the end of this 3-month period. 54. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. However, short sellers have. 00, or 16%, Over Prior Twelve Months. 00, with a high estimate of 179. 06 from the previous closing price of $92. 97x and NTM Price/FFO Per Share of 13. 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. 26, up sequentially from $2. 04. This move outpaced the S&P 500's daily. Mar 19, 2020. 02. 13%). Series A stock information by Barron's. 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. The stock is down more than 50% from its November 2021 high. 32, marking a +0. Near its 52-week low, it's. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 5% loss. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 3%. 50 to $137. Innovative Industrial Properties, Inc. Over the last five years, Innovative Industrial Properties ( IIPR 0. 28 in the latest trading session, marking a -1. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 46%. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 7 attached. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. These three cannabis stocks could eventually rally to higher highs. 2% from the previous closing price of $182. The S&P 500 index returned 3% last month. Mar 19, 2020. Specifically, Exxon Mobil (NYSE: XOM) is down 5. (IIPR) stock discussion in Yahoo Finance's forum. The Motley Fool. During this time, the REIT tumbled from around $240 per share to as. ET after. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. Innovative Industrial Properties (IIPR-3. Innovative Industrial Properties ( IIPR 6. (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. 94%. (IIPR) NYSE - NYSE Delayed Price. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. Volume today is 182,926 compared to average volume of 205,534.