47% during the next 3 months and, with a 90% probability hold a price between $61. 4% in August, according to data from S&P Global Market Intelligence. S. Today's Range $78. 47 from the previous closing price of $92. 06 from the previous closing price of $92. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. 1 million, or $1. 90 -0. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 75 +0. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. The main competitors of Innovative Industrial Properties include Urban Edge Properties (UE), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Claros Mortgage Trust (CMTG), Forestar Group (FOR), Getty Realty (GTY), Armada Hoffler Properties (AHH), Ellington Financial (EFC), Hudson Pacific Properties (HPP), and FRP. The vast. 1% move from the previous day. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 54 $79. Zacks Equity Research. 000000; an Industry Subrating of Low; a. The S&P 500 index returned 3% last month. 35%) stock jumped 14. 42% from the previous closing price of $185. 65 -1. 07, revenue of $76. 53 and $74. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Over the past year the S&P 500 is lower by -10. At the time of this writing, the company has 60 consecutive years. Like most other stocks in today's bear market, pessimism surrounding the economy and. With the broader market falling, cannabis stocks took a bigger hit in 2022 due to the lack of progress toward federal legalization in the U. Today, in the low $90s, the REIT offers a dividend yield of 7. 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. Share prices are down 30% from November 2021 highs despite the company. Turning to the calls side of the option chain, the call contract at the $100. IIPR has risen $0. 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. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. On average, they predict the company's stock price to reach $2. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 83%) does, its strongest advantages, and its biggest weaknesses. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Image source: The Motley Fool. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 15%. 2020, Jan. Find the latest Innovative Industrial Properties, Inc. This change lagged the S&P 500's daily loss of 1. P/AFFO by year. IIPR has made the most of its early to-market position. 02%, for an annualized return of 26. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Shares have tumbled 56% year-to-date. Cannabis stocks have fallen sharply in the past several years. More Information. . 5% per year. Key Points. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 4B and $440. 87 per diluted share, in Q1. 62 at zenith of its stock price in next year following your. Stock Price Forecast. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. 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. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. May. 55% move from the previous day. They first came onto my radar back in 2020. 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. Get the latest Innovative Industrial Properties, Inc. 83% as of 11:57 AM on Friday, Jan 20. IIPR is an exciting stock that some believe has significant upside. And make no. 00 stock in one year. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Expected Annual Pre-Tax Return. has led Innovative Industrial Properties ( IIPR. Innovative Industrial Properties. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. IIPR-A trades at a massively. Future criteria checks 0/6. 10 in dividends, for a dividend payout ratio of 84%. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. Its total assets and total liabilities are $2. marketbeat. Innovative Industrial Properties (IIPR) closed at $74. ET by Max A. The market has been avoiding cannabis stocks because of excess supply in. The stock has traded between $185. Mar 19, 2020. 9. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. 68%) has had a wild year. 2. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. The stock is on sale. 1% since its peak in November 2021. 26, 2020 at 4:29 p. (IIPR) NYSE - NYSE Delayed Price. The payout, in the meantime, has ballooned into double digits. 00 per share), 600,000 shares. 6% to. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. IIPR Innovative Industrial is falling or rising technical reasons . If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. I wrote this article myself, and. It has also. 3% to access that capital. 9% sequentially and has returned 17% overall. Innovative Industrial Properties (IIPR 0. 34 52-Week Range $63. Innovative Industrial Properties's earnings are forecast to decline at 0. 7%Innovative Industrial Properties (IIPR) closed at $197. Over the last four quarters. 46M beats by $2. I wrote this article myself, and it expresses my. Shares rose as high as 222. 91x and 23. The stock is trading at a low price-to-earnings ratio and offers a dividend yield above 6%, but the cannabis industry is not immune to volatility. Sometimes the price moves, both higher and lower, can be dramatic. Elsewhere. Innovative Industrial Properties has a total shareholder equity of $1. The stock outpaced the S&P 500's daily loss of 0. 03% move from the prior day. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 4% dividend hike. I wrote this article myself, and. Pfd. 48 so far today. 07, revenue of $76. And if a dividend cut does happen, then an even greater sell-off. IIPR's share prices have grown over 1,100% in just five years. 22, but there could still be a solid upside left in the stock. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. 81K Follower s Summary Similar to MPW, IIPR continues to face. 15%) $5. As a result, IIPR’s normalized FFO was $49. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. This change outpaced the S&P 500's 0. stock was originally listed at a price of $19. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. The payout, in the meantime, has ballooned into double digits. Plus the mkt is like a falling knife. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Summary. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. View real-time IIPR. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. This is a business that started from zero only a few years ago. 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. Among. 9% per annum. 03 (-1. 93%), Bank of America, Chevron, and Coca. The stock has traded between $167. 52%) and AFC Gamma (AFCG-0. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Innovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR 0. At the. 00. Summary. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. 29, or -3. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. If an investor was to purchase shares of IIPR stock at the current price. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. The IPO. Furthermore, the stock is very good value based on its risk. IIPR stock, innovative industrial properties is a REIT with significant upside potential. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 15 per Common Share Declared in Last Twelve Months, Up $1. Stock is falling and might fall more. IIPR can go out and issue tons of new stock and pay just 2. Innovative Industrial Properties's EBIT is $171. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. m. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. These three cannabis stocks could eventually rally to higher highs. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. 79. Innovative Industrial Properties ( IIPR 2. This unique business sits at the corner. 73%. is a real estate investment trust. (IIPR) 13 Comments Blake Downer 1. Innovative Industrial Properties Inc (IIPR) stock is down 0. by Zacks Equity Research Published on October 12,2023. The yield sits above 9% after the most recent 5. 4% dividend yield. 73% from the previous trading session. Our two-year price target for IIPR is $382. 3 million in cash. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. Fortinet stock tumbled 16. 3 million in the 1st quarter of 2019. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. 58. 8M making its interest coverage ratio. 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. $2B. 50. 44 and paid out $7. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. 3% from the stock's current price. In the last reported quarter, Innovative Industrial delivered a surprise of 7. 26, up sequentially from $2. 54%. 56. 6% off its high. 95 per share. 30 and could see higher highs. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. The cannabis landlord company Cannabis is being legalized steadily across the U. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. However, it tumbled further in the past week after the company was targeted by short-seller Blue. IIPR: Raising target price to $104. 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. 99 in the latest trading session, marking a -1. Currency in. IIPR is lower by -$0. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. . Wall Street Thinks This 10. 36 $125. But the bottom might finally be in for this small-cap REIT. 13%). Over the past year the S&P 500 is lower by -12. marketbeat. 00, or 16%, Over Prior Twelve Months. Today's Change (7. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. IIPR 72. 67 (2. Morsa Images. 's (NYSE:IIPR) value has dropped 5. S. 77% move from the previous day. 7% in the last week insiders who sold US$6. J. The company is set to announce its earnings results on August 7. 46M beats by $2. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. At the. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Kimbell Royalty Partners (KRP) Dividend Yield: 9. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. PRA stock price and news, along with industry-best analysis. 52%) Q2 2023 Earnings Call. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Innovative Industrial Properties (IIPR 0. 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. 99. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 5. So why is Innovative Industrial Properties' stock falling? Investors have a. 001 per share, 50,000,000 shares authorized: 9. 83%) stock gained 4. (NYSE: IIPR) a real estate company focused on the U. 50 to $137. 61% gain on the day. Summary. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. 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. 94%. Innovative Industrial Properties (IIPR-3. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. This rating change. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. 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. The stock has traded between $88. 27, moving +0. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. A submerged stock price doesn't necessarily mean a company is a bargain, however. 32 (+7. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. Year-to-date, shares of IIPR stock have dropped by 59. IIPR's shares are down more than 66% this year. 4. 7% from the previous trading session. 02 Innovative Industrial Properties FFO of $2. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Shares are offering a tempting 6. 75 in the latest trading session, marking a -0. T. 18% move from the prior day. As a result of the defaults, IIPR stock is down more than 20% since mid-January. In fact, since bottoming out in June, the REIT popped from about $64 to $82. 1%, which is absurd when you consider the dividend growth track record and potential future. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. Innovative Industrial Properties (IIPR-3. IIPR stock fell 1. 75 on April 14, representing a 17% increase over Q4-21. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 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. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 's stock may have disappointed insiders who bought US$192k worth of shares at an. That kind of growth rate is similar to what traditional net lease peers report in the. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. Its share prices grew by 307% from its IPO in late 2016 to. Currency in USD. Eric Volkman has no position in any of the stocks mentioned. 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. The all time high for this statistic was previously 20. 80%) collapsed by more than 14. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. Shares are dirt cheap at a price/FFO of 10. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. 89%. IIPR Innovative Industrial Properties $75. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. 01 and. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. With a yield of 8. Our overall hedge fund sentiment score for IIPR is 59. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. I think it will fall much further as time goes on. The safety that IIP's stock once offered investors is long gone. The stock lost almost 6. Meanwhile,. Stocks: Real-time U. . In the latest trading session. 7%-Yielding Dividend Stock Could Soar 68%. Innovative Industrial Properties (IIPR) closed at $88. Innovative Industrial Properties, Inc. 00, with a high estimate of 179. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 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. S. This. Get the latest Innovative Industrial Properties, Inc. 08 intraday, briefly clearing a 221. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 9B and total debt of $300. 32 in the latest trading session, marking a +0. Their IIPR share price targets range from $80. yahoo. 32, and AFFO rose from $1. m. 2m worth of stock in the past 12 months have had less success. 15, your return over the last 6 years would have been 311. I wrote this article myself. This lower stock price might have also set up new investors for outsize returns. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Image. 5% loss. Honestly, stocks like this one really remind me of what Peter Lynch said about. 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. (IIPR) stock is trading at $182. (NYSE: IIPR) a real estate company focused on the U.