Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. Shares are offering a tempting 6. 1% and Real Estate Select Sector SPDR ETF falling 11. 3%. 00 stock in one year. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 99 $89. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Shares have tumbled 56% year-to-date. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 44%, not including the 9. The average twelve-month price prediction for Innovative Industrial Properties is $109. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. Besides, the duo will partner on the development of 324,000. Future criteria checks 0/6. IIPR shares are down 63% YTD and could fall further if higher. 89%. IIPR buys properties and leases them to. if you shorted IIPR on 4/18/22 for about $163 SH. I think it will fall much further as time goes on. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. 75% move from the prior day. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. Check out why I'm neutral on IIPR stock. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. J. 15%) $5. Their IIPR share price targets range from $80. 7% and that's expected to grow by about 10. The stock pays a dividend, currently with a forward yield of nearly 0. cannabis sector. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. The share price for Innovative Industrial Properties ( IIPR -3. Summary. 7. 19 TCNNF Trulieve Cannabis $5. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. 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. 28 in the latest trading session, marking a -1. 86% from the previous closing price of $105. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 82% move from the prior day. Innovative Industrial Properties (IIPR) $71. In their. by Zacks Equity Research Published on October 12,2023. S. The average IIPR stock target price of $158 suggests nearly 37% upside potential. Innovative Industrial Properties ( IIPR 0. Cherney Cannabis REIT Innovative Industrial Properties shares fall. This change lagged the S&P 500's 1. Pfd. 07% while the S&P 500 has risen 0. Innovative Industrial Properties. P. IIPR's avg. Data by YCharts. IIPR earnings call for the period ending June 30, 2023. 14 per share, beating the Zacks. 13, marking a -1. 22, but there could still be a solid upside left in the stock. 47 to $2. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 5%, and it has net margins of 54. Discover historical prices for IIPR stock on Yahoo Finance. 46M beats by $2. 9. 68%) has had a wild year. 1% and Real Estate Select Sector SPDR ETF falling 11. Our two-year price target for IIPR is $382. The stock outpaced the S&P 500's daily. So why is Innovative Industrial Properties' stock falling? Investors have a. 8 — by. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. The trend seems to continue down , but. At the time of this writing, the company has 60 consecutive years. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. 42% from the previous closing price of $185. 47 from the previous closing price of $92. 53 and $74. 1%. Conv. 00. 93%), Bank of America, Chevron, and Coca. Volume today is 182,926 compared to average volume of 205,534. Mike Tyson will be joining our lineup in our Cannabis Event. IIPR has plunged by -31. 06 from the previous closing price of $92. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. 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. The stock's a buy even with slower growth. 94%. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. Key Points. 54 $79. 00 and the lowest IIPR stock price forecast at $85. 84% YTD and -74. stock was originally listed at a price of $19. Johnson & Johnson ( JNJ 0. There aren't many REITs that fit. So if we consider whether. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. IIPR's share prices have grown over 1,100% in just five years. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. 00 and a low price target of $80. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. 2022. The. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. 36 $125. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. 5% per year. Innovative Industrial Properties (IIPR) $71. Preferred stock, par value $0. Over the past year the S&P 500 is down -14. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. 28 in the latest trading session, marking a -1. Market Cap. What happened with shares of IIPR is a feature, not a bug, of the best REITs. Q1 2023 Cash Dividend of $1. 15. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. Innovative Industrial Properties ( IIPR 0. (Motley Fool) Innovative Industrial Properties, Inc. Summary. Innovative Industrial Properties ( IIPR 6. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. The vast. 00% Series A Cumulative. In 2021, IIPR grew revenue by 75% and AFFO. According to a filing with the U. m. 82% move from the prior day. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. The company also. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. Zacks Equity Research. I discuss my thought process for REITs and trying to predict the future based on the past and present. 15 in Dec 1, 2016. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. 94 SMG Scotts Miracle-Gro $70. 99 in the latest trading session, marking a -1. Image source: The Motley Fool. The stock outpaced the S&P 500's daily loss of 0. . 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 02, marking a -1. Year-to-date, shares of IIPR stock have dropped by 59. 8M making its interest coverage ratio. The stock is on sale. That kind of growth rate is similar to what traditional net lease peers report in the. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. m. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 30 so far today. 4% dividend yield. 12. Find the latest Innovative Industrial Properties, Inc. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. On average, they are forecasting that the company's top line will rise to $1. 5. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 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. This suggests a possible upside of 38. In our opinion, the award seems reasonable. 83% as of 11:57 AM on Friday, Jan 20. com - September 15 at 10:19 AM. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. This development will increase its costs and impact its. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Currency in. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. This move outpaced the S&P 500's daily. In the last reported quarter, Innovative Industrial delivered a surprise of 7. The stock outpaced the S&P 500's daily loss of 0. 57% move from the prior day. The stock has traded between $105. It had only collected 92. A submerged stock price doesn't necessarily mean a company is a bargain, however. 34 52-Week Range $63. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Image source: The Motley Fool. Learn more on IIPR's analyst rating history. Like most other stocks in today's bear market, pessimism surrounding the economy and. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Innovative Industrial Properties, Inc. The stock is down more than 50% from its November 2021 high. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 19%. Their VFF share price targets range from $1. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. 99 and $192. 18. IIPR earned $5. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. 86% move from the previous day. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. (IIPR) stock news and headlines to help you in your trading and investing decisions. Share your opinion and gain insight from other stock traders and investors. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. A stock is considered to be oversold if the RSI reading falls below 30. 6% in January, according to data provided by S&P. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Innovative Industrial Properties, Inc. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 3 million in the 1st quarter of 2019. 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. m. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. In detail, IIPR is acquiring approximately 92. 67 (2. Meanwhile it can turn around and put that money to work getting a 16% annual return. . Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. kmatija. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 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. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 6% in January, according to. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 6% in Innovative Industrial Properties, Inc. There are still. The stock was hit by a scathing short-seller report last month. 26. I wrote this article myself. IIPR has rewarded shareholders with a rapidly growing dividend. 95 per share. 65 represents a price-to-book ratio of 1. By buying indoor cultivation space from marijuana companies. Innovative Industrial Properties (IIPR) closed at $74. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. Out of . 42. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 44 and paid out $7. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Shares rose as high as 222. IIPR has since increased its dividend by 2. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 00. Innovative Industrial Properties (IIPR) closed at $74. Volume today is 182,926 compared to average volume of 205,534. 11% while IIPR is lower by -59. m. 73%) Q2 2023 Earnings Call. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. Our overall hedge fund sentiment score for IIPR is 59. 83 1. stock was issued. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Over the past year the S&P 500 is lower by -10. Innovative Industrial Properties (IIPR-3. The REIT owns a diversified portfolio of properties that cater to cannabis producers. m. 78, marking a -0. Securities. 91x and 23. This. This lower stock price might have also set up new investors for outsize returns. 90 -0. 73%. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. This rating change. 's ( NYSE:IIPR ) stock may have disappointed. 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. Shares of UnitedHealth Group ( UNH 0. The cannabis landlord company Cannabis is being legalized steadily across the U. 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. 11% in terms of adjusted FFO per share. Some analyst estimates for the stock seem to be outdated. 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. 07% move from the prior day. IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. Learn more on IIPR's dividend yield history. Based on its current numbers, IIP looks like. View real-time IIPR. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. I wrote this article myself, and it expresses my. 8% in late trading Tuesday after closing up 2. The current dividend yield for Innovative Industrial Properties is 8. In this video I talk about what will happen next with IIPR stock a. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. 07 beats by $0. 39, moving +1. 5%. IIPR can go out and issue tons of new stock and pay just 2. 62 at zenith of its stock price in next year following your. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 55% move from the previous day. IIPR stock, innovative industrial properties is a REIT with significant upside potential. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 2020, Jan. 6% to. Share prices are down 30% from November 2021 highs despite the company. (IIPR) stock is trading at $189. Hexo Stock Chart. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. 50. Stocks: Real-time U. Currently, IIPR stock offers an attractive forward dividend yield around 9%. 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. And if a dividend cut does happen, then an even greater sell-off. Get the latest Innovative Industrial Properties Inc (IIPR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment. Its EPS Rating is a worst-possible 1. 00 strike price has a current bid of $18. 72%. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. This is a business that started from zero only a few years ago. 15 per Common Share Declared in Last Twelve Months, Up $1. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. This change lagged the S&P 500's daily gain of 0. 01 in the past 12. 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. (NYSE: IIPR) a real estate company focused on the U. 3% from the stock's current price. As a REIT, IIPR stock has shown some promising developments. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 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. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. IIPR has posted truly impressive growth since it went public back in 2016. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Share your ideas and get valuable insights from the community of like minded traders and investors. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 75 to $4. Today's Change (-1. Despite the challenges, Innovative. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 68 per share on April 14, 2022. 001 per share, 50,000,000 shares authorized: 9. But then things turned south.