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. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. Innovative Industrial Properties has a total shareholder equity of $1. Share your opinion and gain insight from other stock traders and investors. 48%) are down by more than a third from its peak (in late 2021). View real-time IIPR. Innovative Industrial Properties, Inc. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. 44 so far today. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 80 per Common Share Contributes to Aggregate of $7. is a real estate investment trust. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 87%, while the broader index S&P. 2021 and Feb. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. The recent price decline of 3. 18, indicating a good swim trunk fit. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. I expect the IIPR stock price to move higher after months of falling. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 13%). SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 9% per annum. Innovative Industrial Properties, Inc. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 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. Meanwhile, in early spring it raised. 75 with a high price target of $179. 4% on the day. The S&P 500 fell 1. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 68 +5. 7%-Yielding Dividend Stock Could Soar 68%. Furthermore, the stock is very good value based on its risk. 95 per share. Its EPS Rating is a worst-possible 1. 69 a share. 14(0. And that's showing up in Innovative. A bad year for investors in Innovative Industrial Properties ( IIPR -3. . 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. In its latest quarter, IIPR delivered 5. IIPR is lower by -$0. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. (IIPR) NYSE - NYSE. 75 on April 14, representing a 17% increase over Q4-21. 83%). 16 billion for 2024. Hexo Stock Chart. 9% Cum. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. S. There are still. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 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. IIPR earned $5. Shares rose as high as 222. Unlike competitors, Innovative Industrial Properties has a competitive moat. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Find the latest Innovative Industrial Properties, Inc. 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. (IIPR) stock to fall significantly during trading on April 15, 2022. The all time high for this statistic was previously 20. Read more to see why NLCP stock is my top pick for 2023. Full. At the. So if we consider whether. 60%). Securities. Wall Street Thinks This 10. 5. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 84% YTD and -74. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. 36, or -0. kmatija. Innovative Industrial Properties, Inc. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. 's (NYSE:IIPR) value has dropped 5. IIPR is an exciting stock that some believe has significant upside. 9% per annum. 73% from the previous trading session. 1% on Friday as of 2:24 p. Summary. IIPR can go out and issue tons of new stock and pay just 2. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. S. (IIPR) NYSE - NYSE Delayed Price. Over the last five years, Innovative Industrial Properties ( IIPR 0. Its total assets and total liabilities are $2. In their. 01%. 94MStock Price Forecast. Series A stock information by Barron's. 7%Innovative Industrial Properties (IIPR) closed at $197. Innovative Industrial Properties ( IIPR 0. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. (IIPR) stock discussion in Yahoo Finance's forum. They first came onto my radar back in 2020. Currently, IIPR stock offers an attractive forward dividend yield around 9%. But it also invests in shares of public companies. 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. 75 -2. However, short sellers have. This change outpaced the S&P 500's 0. 12 per share, beating the Zacks Consensus Estimate of $1. S. 45 per diluted. 83 1. Investor FAQs. Check out why I'm neutral on IIPR stock. This development will increase its costs and impact its. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. Their VFF share price targets range from $1. 75 in the next year. Summary. 04%. The cannabis landlord company Cannabis is being legalized steadily across the U. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 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. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. In the latest trading session. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. 81K Follower s Summary Similar to MPW, IIPR continues to face. IIPR 72. $2B. Let's take a closer look at each company. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 73%) Q2 2023 Earnings Call. ". 15 in Dec 1, 2016. The safety that IIP's stock once offered investors is long gone. Share your ideas and get valuable insights from the community of like minded traders and investors. The stock is on sale. Despite the challenges, Innovative. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. I wrote this article myself, and it expresses my. These three cannabis stocks could eventually rally to higher highs. In my opinion, IIPR. Today's Range $78. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Over the past year the S&P 500 is lower by -10. Summary. Innovative Industrial Properties, Inc. 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. 1M. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 50 to $137. 00 stock in one year. Shares are dirt cheap at a price/FFO of 10. 13%) has an incredible track record of not only paying but raising its dividend. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 13%), a provider of growing facilities for medical marijuana producers, fell 24. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 20. 34 -1. 25 $80. Image source: The Motley Fool. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 28 in the latest trading session, marking a -1. Its share prices grew by 307% from its IPO in late 2016 to. 00. 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 TTM Dividend yield % consensus estimates (S&P Cap IQ) As a result, its forward dividend yields continue to look highly attractive, given the security of its payout ratios, within management's. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. 5%. Follow. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. Innovative Industrial Properties (IIPR 0. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. 12 per share, beating the Zacks Consensus Estimate of $1. In the latest trading session. As one of the leading owners of industrial real estate leased to state. 5 million. IIPR has posted truly impressive growth since it went public back in 2016. 3%. The market has been avoiding cannabis stocks because of excess supply in. 00 and the lowest IIPR stock price forecast at $85. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. (NYSE: IIPR) a real estate company focused on the U. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. In fact, since bottoming out in June, the REIT popped from about $64 to $82. If you had invested in Innovative Industrial Properties stock at $19. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. IIPR: Raising target price to $104. Like most other stocks in today's bear market, pessimism surrounding the economy and. 13 buy point from a three-weeks-tight pattern. 3 million in cash. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 75 a share -- giving the stock a dividend yield of 5. The stock is down more than 50% from its November 2021 high. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. 68 per share on April 14, 2022. 5. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. , especially for. 47 from the previous closing price of $92. So far 798,498 shares have traded compared to average volume of 464,816. Innovative Industrial Properties's EBIT is $171. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 99 $89. 75 to $4. 2%, while the Industrial REITs industry saw earnings growing at 24. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 91x and 23. 19%. The company in April. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. Sep. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. IIPR Innovative Industrial Properties $75. In their. Innovative Industrial Properties, Inc. 12. 07, revenue of $76. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. The share price for Innovative Industrial Properties ( IIPR -3. 6% in Innovative Industrial Properties, Inc. 48, or 2. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 5625 per share of IIP’s 9. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. The stock is trading at a low price-to. 20. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. 54. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 4% in August, according to data from S&P Global Market Intelligence. 00 to $179. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. Image. 14. The company in April. 80%) collapsed by more than 14. Hexo stock has a weak 3 Composite Rating. A stock is considered to be oversold if the RSI reading falls below 30. 61 on the stock market today. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 51 during the height of the pandemic sell-off; 184 days above $75. Innovative Industrial Properties Inc (IIPR) stock is down 0. The payout, in the meantime, has ballooned into double digits. S. The stock's a buy even with slower growth. 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 last four quarters. . It would not be so easy to call NLCP overvalued at a. 00% Series A Cumulative. 33% from the previous trading session. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. Over the past year the S&P 500 is down -14. Cherney Cannabis REIT Innovative Industrial Properties shares fall. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. yahoo. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 00, with a high estimate of 179. stock was issued. 13, marking a -1. 6% yield. cannabis sector. 58. Mar 19, 2020. 38%), it's easy to get complacent. Find out why IIPR stock is a Hold. 73, posting its worst daily performance since May 12. 0 and an annual dividend yield of 10. IIPR's share prices have grown over 1,100% in just five years. 54 $79. Stocks: Real-time U. 18 from the previous closing price of $79. J. The company then paid a quarterly dividend of $1. The average twelve-month price prediction for Innovative Industrial Properties is $109. IIPR's selloff has continued and shares have nearly been cut in half YTD. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. 6% dividend yield. By Aaron Missere. With a yield of 8. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 00 strike price has a current bid of $18. Analysts anticipate more growth. 30% while IIPR is lower by -52. Pfd. Currency in USD. Zacks Equity Research. 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. 8 per share that represents a 9. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. Its EPS Rating is a worst-possible 1. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. A second reliable ultra-high-yield dividend stock that stands out as a no-brainer buy in September is cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR-3. Join the Conversation! Build your trading network; Follow your favorite assets. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. The company's annualized yield currently comes in at 2. Johnson & Johnson. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 8% in late trading Tuesday after closing up 2. 07, revenue of $76. 03% move from the prior day. Meanwhile it can turn around and put that money to work getting a 16% annual return. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. 07, or 3. 2m worth of stock in the past 12 months have had less success. S. 12. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. I wrote this article myself, and. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 50. 11% while IIPR is lower by -59. Innovative Industrial Properties (IIPR) closed at $74. 7 attached. 42. 69 (business) days IIPR was below $79. 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. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. Discover historical prices for IIPR stock on Yahoo Finance. February 24, 2023 at 9:19 AM · 4 min read. The stock fell as much as 17. m. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 10%) is. 46M beats by $2. As a result of the defaults, IIPR stock is down more than 20% since mid-January. Some analyst estimates for the stock seem to be outdated. 1 million in revenue, up 210% from the 1st quarter in 2019. 47 to $2. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. NYSE: IIPR Innovative Industrial Properties. IIPR has since increased its dividend by 2. Mike Tyson will be joining our lineup in our Cannabis Event. yahoo. Innovative Industrial Properties has plunged by -31. 19 TCNNF Trulieve Cannabis $5. Share your ideas and get valuable insights from the community of like minded traders and investors. 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. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. 5% in dividends. 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. IIPR data by YCharts. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. Innovative Industrial Properties, Inc. (IIPR) 22 Comments Juxtaposed Ideas 8. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". 75 on April 14, representing a 17% increase over Q4-21. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 44%, not including the 9. 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. NLCP is not listed on an exchange.