In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. IIPR earned $5. is a real estate investment trust. P. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 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. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 2% from the previous closing price of $182. (IIPR) NYSE - NYSE Delayed Price. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. The yield sits above 9% after the most recent 5. Even if. Expected Annual Pre-Tax Return. S. 73, posting its worst daily performance since May 12. 24%) ranked as one of the hottest cannabis stocks in the industry. 18 from the previous closing price of $79. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. Tilray ( TLRY ): The company is seeing. So, it is worth exploring what lies ahead for the stock. Innovative Industrial Properties (IIPR) $71. By Aaron Missere. Among. Fed I invested in IIPR at a fortunate moment (in 2019 at roughly same price as current stock price) and was lucky enough to get out in time (sold in Nov. Innovative Industrial Properties (IIPR) $71. 77% move from the previous day. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Specifically, Exxon Mobil (NYSE: XOM) is down 5. This suggests a possible upside of 38. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 6% off its high. 33% from the previous trading session. Innovative Industrial Properties (IIPR) closed at $75. Innovative Industrial Properties (IIPR-1. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. I wrote this article myself, and it expresses my. The stock has traded between $105. 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 market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 1% move from the previous day. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 's (NYSE:IIPR) value has dropped 5. I wrote this article myself, and. 34 52-Week Range $63. if you shorted IIPR on 4/18/22 for about $163 SH. 1%. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. 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. IIPR stock has become an investor favorite recently. 6% per annum while its annual revenue is expected to grow at 2. However, short sellers have. Lemonade is a one-time fintech wonder that has fallen on hard times of late. Despite that, we assessed the recent pullback is healthy and. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Eric Volkman has no position in any of the stocks mentioned. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 6% in Innovative Industrial Properties, Inc. This change lagged the S&P 500's 1. 3 million in the 1st quarter of 2019. May 18, 2023 at 12:00 PM · 4 min read. 00. 87%, while the broader index S&P. (IIPR) 13 Comments Blake Downer 1. Hexo has cut jobs and tried to shrink costs and lower its debt burden. As a result, IIPR’s normalized FFO was $49. Innovative Industrial Properties (IIPR 0. Follow. With a yield of 8. Markets, so far on Friday, appeared to take new. 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. Its EPS Rating is a worst-possible 1. According to my calculations, there is a growth potential of 22. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 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. I/we have no stock,. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. 82% move from the prior day. So if we consider whether. 13%). 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 8M respectively. 6% yield. There are still. Stocks: Real-time U. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. kmatija. View real-time IIPR. 47 from the previous closing price of $92. Also, its 2022 AFFO was $234 million, or $8. 51%) (As of 11/21/2023 ET) Today's Range $79. . 001 per share, 50,000,000 shares authorized: 9. Aug 03, 2023, 1:00 p. Shares have tumbled 56% year-to-date. Their VFF share price targets range from $1. 83%). 68 per share on April 14, 2022. This change outpaced the S&P 500's 0. Results reflected better-than-expected revenues. Like most other stocks in today's bear market, pessimism surrounding the economy and. 0 and an annual dividend yield of 10. 9% per annum. In detail, IIPR is acquiring approximately 92. 10 in dividends, for a dividend payout ratio of 84%. The REIT owns a diversified portfolio of properties that cater to cannabis producers. com users lately. 75 with a high price target of $179. Prices are already falling and it’s only going to get worse. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 06 billion this year, to be followed by a leap to $1. 12 on volume of 167,616 shares. 89%. J. Shares are dirt cheap at a price/FFO of 10. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Innovative Industrial Properties, Inc. 36, or -0. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 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. And if a dividend cut does happen, then an even greater sell-off. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 4% dividend hike. Shares are dirt cheap at a price/FFO of 10. In its latest quarter, IIPR delivered 5. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. Summary. 73% from the previous trading session. 83%) stock has been struggling mightily this year. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. Currently, IIPR stock offers an attractive forward dividend yield around 9%. The company in April. com - September 15 at 10:19 AM. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. by Zacks Equity Research Published on October 12,2023. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. This suggests a possible upside of 228. 16 billion for 2024. 84% YTD and -74. Full. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 61% gain on the day. 6% to. The stock pays a dividend, currently with a forward yield of nearly 0. . 00 stock in one year. 6% to. Pfd. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Half of the ratings on the mutual fund company are sells. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. 4B and $440. Securities. 07 beats by $0. 51%), the only real estate investment trust. 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. 8 — by. 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. S. 45 per diluted. Innovative Industrial Properties has a total shareholder equity of $1. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. The stock still fell on the news and drifted lower again in June. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. The worsening macroeconomics. Despite the challenges, Innovative. Summary. Meanwhile, in early spring it raised. This move outpaced the S&P 500's daily. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. Read what investors need to know about IIPR here. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. IIPR has fallen -$0. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. This represents a significant discount to where U. 19%. Unlike with other REITs, IIPR cannot expect to recover the lost income from defaulting tenants because it appears that the actual values of its properties are substantially below their carrying value on IIPR’s balance sheet. Elsewhere. That kind of growth rate is similar to what traditional net lease peers report in the. Innovative Industrial Properties (IIPR-1. 7% and that's expected to grow by about 10. According to several analysts, the 7. (IIPR) stock discussion in Yahoo Finance's forum. Zacks Equity Research. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. S. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. Equity REITs trade as a whole. Innovative Industrial Properties ( IIPR 0. IIPR is lower by -$0. But the bottom might finally be in for this small-cap REIT. IIPR-A trades at a massively. (IIPR) stock to fall significantly during trading on April 15, 2022. Revenues have been growing at an average rate of 46% per year. 01 and. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 66 50-Day Range $69. The consensus among . 94 SMG Scotts Miracle-Gro $70. 36, or -0. 53 and $74. 48, or 2. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. Tilray ( TLRY ): The company is seeing. 06 from the previous closing price of $92. Innovative Industrial Properties ( IIPR 0. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 9% sequentially and has returned 17% overall. 02 Innovative Industrial Properties FFO of $2. S. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. IIPR stock fell 1. cannabis sector. This development will increase its costs and impact its. Fears over this REIT's future aren't as serious as many investors think. By Aaron Missere. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. ET. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. 92% at $100. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. 99 $89. 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. falling by 79%. 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. 29, or -3. Innovative Industrial Properties ( IIPR 2. 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. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. 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. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Innovative Industrial Properties, Inc. The stock outpaced the S&P 500's daily loss of 0. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 46%. This. 75 -2. IIPR had held up fairly well in past few days and 1-2 weeks, having dropped a little and much less compared to growth stocks. The analyst also reduced the stock's price target from $24. 50. Rowe Price is another S&P 500 stock analysts are flagging investors away from. But it also invests in shares of public companies. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. Innovative Industrial Properties, Inc. 75 to $4. 09 on volume of 513,934 shares. 20 Innovative Industrial Properties, Inc. 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. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 's ( NYSE:IIPR ) stock may have disappointed. 1% since its peak in November 2021. 75 a share -- giving the stock a dividend yield of 5. As one of the leading owners of industrial real estate leased to state. If an investor was to purchase shares of IIPR stock at the current price. But then things turned south. To sweeten the pot even more, it also. On average, they anticipate the company's stock price to reach $109. Cannabis. Johnson & Johnson. Honestly, stocks like this one really remind me of what Peter Lynch said about. Find out why IIPR stock is a Hold. Strong dividend paying companies in the US market. 00 and a low estimate of. 48 so far today. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 13, marking a -1. Despite the challenges, Innovative. 48K Follower s Summary Innovative Industrial Properties enjoys rising. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. IIPR has plunged by -31. 84 and $174. Share your ideas and get valuable insights from the community of like minded traders and investors. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 2% from the previous closing price of $182. 8% in late trading Tuesday after closing up 2. 00. 9. Furthermore, the stock is very good value based on its risk. 1% and Real Estate Select Sector SPDR ETF falling 11. IIPR's avg. 6% in Innovative Industrial Properties, Inc. 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. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 8% of its value on the day. AFFO came. A stock is considered to be oversold if the RSI reading falls below 30. January 14, 2023 at 5:00 AM · 3 min read. 00 strike price has a current bid of $18. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. The stock prices of its tenants have plunged. 61 on the stock market today. 00% Series A Cumulative. 05 and $188. The S&P 500 index returned 3% last month. It’s down 7% so far this month, and it’s currently trading at $114. Innovative Industrial Properties. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. The. 2. The stock has traded between $181. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. 89%. Innovative Industrial Properties (IIPR 0. The. Volume today is 182,926 compared to average volume of 205,534. 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. This. Zacks Equity Research. 18, indicating a good swim trunk fit. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. The stock is down more than 50% from its November 2021 high. Near its 52-week low, it's. Image. 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. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. 28, or 4. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. 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. 00, or 16%, Over Prior Twelve Months. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. 18% move from the prior day. 1% and Real Estate Select Sector SPDR ETF falling 11. Meanwhile it can turn around and put that money to work getting a 16% annual return. T. 13 buy point from a three-weeks-tight pattern. Volume today is light. Complete Innovative Industrial Properties Inc. Summary. 23% while the S&P 500 has gained 1. Innovative Industrial Properties, Inc. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 47% during the next 3 months and, with a 90% probability hold a price between $61. 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. This change lagged the S&P 500's daily gain of 0. 3%. The market has been avoiding cannabis stocks because of excess supply in. 07% while the S&P 500 has risen 0. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. May. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 5%, and it has net margins of 54. In this video I talk about what will happen next with IIPR stock a. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. 80x, respectively. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. S. Although recessionary fears are. 28 in the latest trading session, marking a -1. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. More Information. 20. Redeem. Investor FAQs. Over the last four quarters. Learn more on IIPR's dividend yield history. Find the latest Innovative Industrial Properties, Inc. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 82% move from the prior day. 32, and AFFO rose from $1. The company then paid a quarterly dividend of $1. Also, its 2022 AFFO was $234 million, or $8. Hexo has cut jobs and tried to shrink costs and lower its debt burden. by Zacks Equity Research Published on October 12,2023. If you had invested in Innovative Industrial Properties stock at $19. Currency in USD. While income investors may be. 04. 1 million, or $1. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 5%. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. Currency in. 00. Zacks Equity Research. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 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.