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. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 5M, which brings its debt-to-equity ratio to 15. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. In the 1st quarter of 2020, IIPR generated $21. 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. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. The stock is trading at a low price-to. The stock has traded between $105. 46M beats by $2. This is almost twice the S&P 500. See more132% Rule Breakers High-growth Stocks 239% Free Article IIPR's Stock Price Plunged 22% -- Is it Still a Buy? By Liz Brumer-Smith – Mar 22, 2022 at 8:13AM. 02, marking a -1. 62% ) released solid third-quarter results after the. Shares rose as high as 222. com users lately. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. IIPR 72. 87%, while the broader index S&P. 26, 2020 at 4:29 p. 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. S. Despite that, we assessed the recent pullback is healthy and. The Price and Consensus chart displays the company's stock price along with the consensus estimate. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. That kind of growth rate is similar to what traditional net lease peers report in the. (IIPR) stock news and headlines to help you in your trading and investing decisions. View the latest Innovative Industrial Properties Inc. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. Join the Conversation! Build your trading network; Follow your favorite assets. 9% per annum. 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. So far 798,498 shares have traded compared to average volume of 464,816. The stock outpaced the S&P 500's daily. 69 (business) days IIPR was below $79. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. 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. And, if the stock price does fall, the short-seller would profit. The current dividend yield for Innovative Industrial Properties is 8. The Motley Fool. 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's return is nearly. Future criteria checks 0/6. 4% in August, according to data from S&P Global Market Intelligence. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. But the bottom might finally be in for this small-cap REIT. The consensus among . 48 so far today. 95 per share. T. 4% dividend yield. Securities. ET by Max A. 13%). According to a filing with the U. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 50. 73 in the next year. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. Over the last four quarters. Its total assets and total liabilities are $2. Tilray ( TLRY ): The company is seeing. There are still. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. ET. This unique business sits at the corner. 28, or 4. 87%, while the broader index S&P. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. 02 Innovative Industrial Properties FFO of $2. IIPR's share prices have grown over 1,100% in just five years. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it. 6% to. The trust's dividend pay-out. Even if. Series A stock information by Barron's. Johnson & Johnson ( JNJ 0. 8%. (IIPR) NYSE - NYSE Delayed Price. 13%). (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Wall Street analysts' overly optimistic recommendations cast doubt. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Even better. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. May. Equity REITs trade as a whole. Innovative Industrial Properties ( IIPR 0. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Mike Tyson will be joining our lineup in our Cannabis Event. 93%), Bank of America, Chevron, and Coca. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Innovative Industrial Properties (IIPR) last ex-dividend date was on Sep 28, 2023. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. Innovative Industrial Properties ( IIPR 0. 07% while the S&P 500 has risen 0. EPS is expected to decline by 1. 3% annually. IIPR paid a quarterly dividend of $1. After all, over the last three years, the company's. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. 24%) ranked as one of the hottest cannabis stocks in the industry. 12. Yet, with shares. Volume today is elevated. StocksMoneyShow. 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. 61 on the stock market today. Image. is a real estate investment trust. Despite the fact that Innovative Industrial Properties, Inc. To sweeten the pot even more, it also. The share price for Innovative Industrial Properties ( IIPR -3. 22 to $380. 81K Follower s Summary Similar to MPW, IIPR continues to face. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. Innovative Industrial Properties (IIPR 0. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 58. Our two-year price target for IIPR is $382. IIPR data by YCharts. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. (IIPR) stock to fall significantly during trading on April 15, 2022. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. IIPR's avg. Innovative Industrial Properties Inc (IIPR) stock is down 0. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. I wrote this article myself, and. (IIPR) 13 Comments Blake Downer 1. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. 83%), which owns marijuana-related assets, fell a sharp 16% in the. IIPR stock fell 1. Innovative Industrial Properties, Inc. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 36 $125. 7%-Yielding Dividend Stock Could Soar 68%. This. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. IIPR Innovative Industrial Properties $75. 61% gain on the day. Stock is falling and might fall more. m. 6% in Innovative Industrial Properties, Inc. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. The average twelve-month price prediction for Innovative Industrial Properties is $109. Having been one of the top performing stocks in the NYSE over the past five years, today IIPR trades as if it were a boring REITInnovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. IIPR has risen $0. Hexo Stock Chart. More Information. 67 in the latest trading session, marking a +1. 28 in the latest trading session, marking a -1. 46M beats by $2. 75 -2. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. The stock lost almost 6. The stock was hit by a scathing short-seller report last month. On average, they are forecasting that the company's top line will rise to $1. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Its EPS Rating is a worst-possible 1. . 52%) Q2 2023 Earnings Call. m. Stock Price Forecast. Investors frequently choose between dividend growth and current income, but. Share your ideas and get valuable insights from the community of like minded traders and investors. 00% Series A Cumulative. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 18 from the previous closing price of $79. 65 -1. Summary. 27, moving +0. I expect the IIPR stock price to move higher after months of falling. 68 +5. 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. The stock outpaced the S&P 500's daily loss of 0. 0%. 8 — by. This lower stock price might have also set up new investors for outsize returns. Johnson & Johnson. Get the latest Innovative Industrial Properties, Inc. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. has led Innovative Industrial Properties ( IIPR. The stock outpaced the S&P 500's daily loss of 0. Find out before anyone else which stock is going to shoot up. 2020, Jan. Full. 04. Fortinet stock tumbled 16. Market Cap. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 15%. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 18 on volume of 249,380 shares. 47 from the previous closing price of $92. The company then paid a quarterly dividend of $1. Find out why IIPR stock is a Hold. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 5% in dividends. 52%) and AFC Gamma (AFCG-0. 82% move from the prior day. As of June 30, 2022, we owned 111 properties comprising an. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. 14 per share, beating the Zacks. 45 per diluted. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. 00, with a high estimate of 179. Innovative Industrial Properties (IIPR 0. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. IIPR runs the risk of becoming a battleground income stock like Medical Properties Trust where near-perpetual issues with tenants reflect itself as forever angst around the payouts and a falling. Q1 2023 Cash Dividend of $1. 42% from the previous closing price of $185. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. The. So far 111,495 shares have traded compared to average volume of 204,355 shares. And that's showing up in Innovative. $2B. Innovative Industrial Properties (IIPR-1. 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. Read what investors need to know about IIPR here. Besides, the duo will partner on the development of 324,000. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. Specifically, Exxon Mobil (NYSE: XOM) is down 5. 00 and the lowest IIPR stock price forecast at $85. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 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. IIPR has rewarded shareholders with a rapidly growing dividend. As a result, IIPR’s normalized FFO was $49. I/we have no stock,. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. Zacks Equity Research. In this video I talk about what will happen next with IIPR stock a. 00 and a low price target of $80. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. 65 represents a price-to-book ratio of 1. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. With a. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 75 with a high price target of $179. In detail, IIPR is acquiring approximately 92. 38, moving -0. Discover historical prices for IIPR stock on Yahoo Finance. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 44 so far today. The company in April. Story continues. 30 and could see higher highs. In the latest trading session. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. ". 79. 00, with the highest IIPR stock price forecast at $95. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. Investor FAQs. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 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. 02 Innovative Industrial Properties FFO of $2. Currency in USD. May. Share your ideas and get valuable insights from the community of like minded traders and investors. I last covered IIPR in August, where I rated the stock a buy on account of the 7. 75 in the next year. Innovative Industrial Properties, Inc. . With a yield of 8. 20. 05 and $188. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 54%. 44%, not including the 9. 00, or 16%, over dividends declared for the prior twelve months. Let's take a closer look at each company. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 46%. According to my calculations, there is a growth potential of 22. 32, marking a +0. IIPR bounced up in November 2021, along with the. 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. 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. 18, Innovative Industrial Properties ( IIPR 3. if you shorted IIPR on 4/18/22 for about $163 SH. Summary. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 12. Innovative Industrial Properties ( IIPR -2. P/AFFO by year. 47 from the previous closing price of $92. 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. 26, up sequentially from $2. Volume today is 182,926 compared to average volume of 205,534. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Tobacco and alcohol tend to do well in times of recession or. 73, posting its worst daily performance since May 12. This represents a significant discount to where U. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. Also, its 2022 AFFO was $234 million, or $8. 86% move from the previous day. 00 per share), 600,000 shares. Share your opinion and gain insight from other stock traders and investors. 00 +3. View the latest Innovative Industrial Properties Inc. So why is Innovative Industrial Properties' stock falling? Investors have a. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. At. S. Today's Change (-1. 62 at zenith of its stock price in next year following your. Revenues have been growing at an average rate of 46% per year. Share prices are down 30% from November 2021 highs despite the company. Today, in the low $90s, the REIT offers a dividend yield of 7. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 5. 67 (2. However, it tumbled further in the past week after the company was targeted by short-seller Blue. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 7% and that's expected to grow by about 10. 08% from the previous trading session. 15, about 28% more than. Stocks According to . 7%-Yielding Dividend Stock Could Soar 68%. Its share prices grew by 307% from its IPO in late 2016 to. P. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 48%) are down by more than a third from its peak (in late 2021). Cherney Cannabis REIT Innovative Industrial Properties shares fall. International. As a result, IIPR’s normalized FFO was $49. If you had invested in Innovative Industrial Properties stock at $19. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. Turning to the calls side of the option chain, the call contract at the $100. So what. 11% while IIPR is lower by -59. Shares of UnitedHealth Group ( UNH 0. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Meanwhile it can turn around and put that money to work getting a 16% annual return. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 4% on the day. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. Innovative Industrial Properties (IIPR-3. 73% from the previous trading session. Since our last article, the stock price has declined by as much as 21%. 8M respectively. 16 billion for 2024. 84% YTD and -74. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8.