The stock outpaced the S&P 500's daily loss of 0. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. 16 billion for 2024. 48%) are down by more than a third from its peak (in late 2021). Innovative Industrial Properties (IIPR) closed at $164. 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. 14. 34 52-Week Range $63. . Innovative Industrial Properties, Inc. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Subscribe Now See Plans & Pricing. 8 per share that represents a 9. To sweeten the pot even more, it also. IIPR-A trades at a massively. Read more to see why NLCP stock is my top pick for 2023. 1% on Friday as of 2:24 p. 03% move from the prior day. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. By Aaron Missere. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. The share price for Innovative Industrial Properties ( IIPR -3. 86% move from the previous day. Find out why IIPR stock is a Hold. According to a filing with the U. T. Innovative Industrial Properties ( IIPR 2. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. I/we have no stock,. As a result of the defaults, IIPR stock is down more than 20% since mid-January. 93%), Bank of America, Chevron, and Coca. So why is Innovative Industrial Properties' stock falling? Investors have a. 89%. is a real estate investment trust. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 3% from the stock's current price. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. The safety that IIP's stock once offered investors is long gone. 8M making its interest coverage ratio. 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. (Motley Fool) Innovative Industrial Properties, Inc. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. (NYSE: IIPR) a real estate company focused on the U. yahoo. This suggests a possible upside of 228. Over the last four quarters. This change lagged the S&P 500's daily gain of 0. 30 and could see higher highs. Shares are offering a tempting 6. 42. Sep. (IIP), the first and only real estate company on the New York Stock. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. According to a filing with the U. Cannabis stocks have fallen sharply in the past several years. 2% from the previous closing price of $182. Meanwhile, in early spring it raised. 6% yield. Lemonade is a one-time fintech wonder that has fallen on hard times of late. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. m. Innovative Industrial Properties, Inc. 9. 4% in August, according to data from S&P Global Market Intelligence. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 13%). One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Summary. 83%) stock gained 4. com users lately. Strong dividend paying companies in the US market. At the time of this writing, the company has 60 consecutive years. It’s down 7% so far this month, and it’s currently trading at $114. Do note, that if the. 83%) stock has been struggling mightily this year. 05 to $1. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. IIPR has risen $0. Complete Innovative Industrial Properties Inc. These three cannabis stocks could eventually rally to higher highs. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. 94%. IIPR has rewarded shareholders with a rapidly growing dividend. 95 per share. Aug 03, 2023, 1:00 p. 5%. 5 brokers have issued 12-month price targets for Village Farms International's shares. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. IIPR shares are down 63% YTD and could fall further if higher. Like most other stocks in today's bear market, pessimism surrounding the economy and. During this time, the REIT tumbled from around $240 per share to as. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps. 68 +5. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. Let's take a closer look at each company. Securities. The stock pays a dividend, currently with a forward yield of nearly 0. comInnovative Industrial Properties, Inc. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. 52%) Q2 2023 Earnings Call. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 95 per share. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. The vast. (IIPR) 22 Comments Juxtaposed Ideas 8. 75 in the latest trading session, marking a -0. 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 is down over 30% from its peak. 13 buy point from a three-weeks-tight pattern. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. While income investors may be. In the last reported quarter, Innovative Industrial delivered a surprise of 7. PRA stock price and news, along with industry-best analysis. Its EPS Rating is a worst-possible 1. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 00% Series A Cumulative. . Innovative Industrial Properties has been growing earnings at an average annual rate of 47. ". Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. Despite the challenges, Innovative. The Motley Fool. Cannabis. Today's Range $78. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Innovative Industrial Properties (NYSE: IIPR) is, in my view, the best investment vehicle for investors to gain exposure to the rapidly-growing cannabis industry with relatively limited risk. What happened. 65 -1. 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. 8% in late trading Tuesday after closing up 2. I expect the IIPR stock price to move higher after months of falling. 5% per year. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Today, in the low $90s, the REIT offers a dividend yield of 7. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 15%. Revenues have been growing at an average rate of 46% per year. 28, or 4. ET by Max A. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. 80%) looks like a promising stock to buy. Turning to the calls side of the option chain, the call contract at the $100. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 2m worth of stock in the past 12 months have had less success. 8%. I watched the stock fall from nearly $300 to a. 3 million in cash. 00. 36, or -0. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 28 in the latest trading session, marking a -1. 's ( NYSE:IIPR ) stock may have disappointed. Innovative Industrial Properties's EBIT is $171. Shares are dirt cheap at a price/FFO of 10. The company's annualized yield currently comes in at 2. 07% move from the prior day. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 50 per share on Oct. 30 so far today. However, the liquidity crunch. KLH49/iStock via Getty Images. 83% as of 11:57 AM on Friday, Jan 20. (IIPR) 13 Comments Blake Downer 1. Stocks According to . 1%, which is absurd when you consider the dividend growth track record and potential future. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. The stock has traded between $185. 00. They first came onto my radar back in 2020. In fact, since bottoming out in June, the REIT popped from about $64 to $82. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. 7%Innovative Industrial Properties ( IIPR 0. 73%. 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. 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. The company in April. In the latest trading session. 's stock may have disappointed insiders who bought US$192k worth of shares at an. Summary. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. kmatija. Yet, with shares. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. On average, they predict the company's stock price to reach $2. The stock was hit by a scathing short-seller report last month. 04%. 3%. 08 intraday, briefly clearing a 221. Also, its 2022 AFFO was $234 million, or $8. 6% in Innovative Industrial Properties, Inc. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. As a REIT, IIPR stock has shown some promising developments. Today, in the low $90s, the REIT offers a dividend yield of 7. IIPR stock fell 1. ET by Max A. (IIPR) NYSE - NYSE. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 1 million, or $1. 1% yield is indeed a reward for investors seeking the highest income potential. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties has a total shareholder equity of $1. 2022. 32. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. com - September 13 at 4:17 AM. The consensus among . This lower stock price might have also set up new investors for outsize returns. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. Redeem. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. The REIT owns a diversified portfolio of properties that cater to cannabis producers. (IIPR-0. Down an incredible 61% this year, it has. IIPR has risen $0. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Innovative Industrial Properties Inc (IIPR) stock is down 0. This change lagged the S&P 500's daily loss of 1. 13%), a provider of growing facilities for medical marijuana producers, fell 24. $2B. With a. In their. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. Shares have tumbled 56% year-to-date. 1% since its peak in November 2021. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 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. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. 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. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. Meanwhile,. 89%. 00 stock in one year. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. 7%-Yielding Dividend Stock Could Soar 68%. 50. 20. The average IIPR stock target price of $158 suggests nearly 37% upside potential. In my opinion, IIPR. 49% — by comparison, the average stock in Dividend Channel's. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. stock was issued. IIPR Innovative Industrial Properties $75. The stock has traded between $105. Wall Street analysts' overly optimistic recommendations cast doubt. 07% while the S&P 500 has risen 0. 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. 6% dividend yield. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. The stock's a buy even with slower growth. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. Mike Tyson will be joining our lineup in our Cannabis Event. Tilray ( TLRY ): The company is seeing. IIPR has made the most of its early to-market position. 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. Find the latest Innovative Industrial Properties, Inc. May 18, 2023 at 12:00 PM · 4 min read. IIPR Innovative Industrial is falling or rising technical reasons . Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. by Zacks Equity Research Published on October 12,2023. 20. Wall Street Thinks This 10. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. 02% from the previous closing price of $175. Its 2022 revenue of $276 million was up 35% versus 2021. 15%) $5. In this video I talk about what will happen next with IIPR stock a. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. If you had invested in Innovative Industrial Properties stock at $19. 73 in the next year. Plus the mkt is like a falling knife. A bad year for investors in Innovative Industrial Properties ( IIPR -3. NLCP is not listed on an exchange. 22, but there could still be a solid upside left in the stock. 7%Innovative Industrial Properties (IIPR) closed at $197. Innovative Industrial Properties Inc (IIPR) stock is down 0. But the bottom might finally be in for this small-cap REIT. IIPR is lower by -$0. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. 00 +3. Over the past year the S&P 500 is down -14. 78. Join the Conversation! Build your trading network; Follow your favorite assets. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. The stock is down more than 50% from its November 2021 high. 02 Innovative Industrial Properties FFO of $2. May. 99 and $192. IIPR stock, innovative industrial properties is a REIT with significant upside potential. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Hexo stock has a weak 3 Composite Rating. EPS is expected to decline by 1. Furthermore, the stock is very good value based on its risk. 67 (2. 15. This suggests a possible upside of 38. The stock fell as much as 17. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. IIPR: Raising target price to $104. 38%), it's easy to get complacent. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 89 at the end of this 3-month period. 11% while IIPR is lower by -59. IIPR earnings call for the period ending June 30, 2023. 8 — by. 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. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 18, indicating a good swim trunk fit. So, it is worth exploring what lies ahead for the stock. 94 SMG Scotts Miracle-Gro $70. 26, 2020 at 4:29 p. com - September 15 at 10:19 AM. StocksMoneyShow. So what. 65 represents a price-to-book ratio of 1. 13%). 2. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. Hexo stock has a weak 3 Composite Rating. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. With shares trading at just 10-times earnings, this stock. 80 per Common Share Contributes to Aggregate of $7. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. 68 per share on April 14, 2022. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 99 $89. Innovative Industrial Properties, Inc. The company then paid a quarterly dividend of $1. 37%. ET. Morsa Images. cannabis operators require mission critical facilities with specialized buildouts to optimize environment and conform to licensing and zoning requirements Outsized Need for CapitalMarijuana stocks are at their best prices in years, with the coronavirus crisis possibly making this one of the best times to invest in pot stocks in years. 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. Future criteria checks 0/6. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. 62 at zenith of its stock price in next year following your. As a result, IIPR’s normalized FFO was $49. Shares now yield 5. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 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. 15, your return over the last 6 years would have been 311. IIPR buys properties and leases them to. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy).