Rowe Price is another S&P 500 stock analysts are flagging investors away from. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. 32% loss on the day. 1 million, or $1. Innovative Industrial Properties ( IIPR 0. Tilray ( TLRY ): The company is seeing. stock was originally listed at a price of $19. 15%) At close: 04:00PM EST. The stock lost almost 6. 13%). Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 4% in August, according to data from S&P Global Market Intelligence. 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. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. Innovative Industrial Properties, Inc. Innovative Industrial Properties, Inc. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. Mike Tyson will be joining our lineup in our Cannabis Event. 48K Follower s Summary Innovative Industrial Properties enjoys rising. 82% move from the prior day. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 00, the stock is currently trading with a (forward) P/AFFO of 22. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. 73 in the next year. 5% per year. 14 per share, beating the Zacks. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. 99. Join the Conversation! Build your trading network; Follow your favorite assets. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. The yield sits above 9% after the most recent 5. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Learn more on IIPR's dividend yield history. 00. m. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. I wrote this article myself, and it. Stocks According to . 62 at zenith of its stock price in next year following your. 75 in the latest trading session, marking a -0. (IIPR) 13 Comments Blake Downer 1. 28 in the latest trading session, marking a -1. m. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. IIPR stock fell 1. Find the latest Innovative Industrial Properties, Inc. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. Investor FAQs. 02, marking a -1. Innovative Industrial Properties's return on equity is 8. 8% of its value on the day. 6% to. As a REIT, IIPR stock has shown some promising developments. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 87%, while the broader index S&P. , especially for. Eric Volkman has no position in any of the stocks mentioned. 32, marking a +0. In their. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. Image. Meanwhile it can turn around and put that money to work getting a 16% annual return. . The stock has traded between $181. 39, moving +1. 6% to. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 42% from the previous closing price of $185. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. 0 and an annual dividend yield of 10. 75 with a high price target of $179. AFFO came. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. Read what investors need to know about IIPR here. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 8% so far, to 108. 80 per Common Share Contributes to Aggregate of $7. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 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. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. (Motley Fool) Innovative Industrial Properties, Inc. Cherney Cannabis REIT Innovative Industrial Properties shares fall. 75 on April 14, representing a 17% increase over Q4-21. I/we have no stock,. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 29, or -3. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. Shares are dirt cheap at a price/FFO of 10. With a. The market has been avoiding cannabis stocks because of excess supply in. Data by YCharts. 32. Learn more on IIPR's analyst rating history. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 83% as of 11:57 AM on Friday, Jan 20. 00. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. The stock was hit by a scathing short-seller report last month. IIPR paid a quarterly dividend of $1. stock was issued. I wrote this article myself, and it expresses my. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. 73%) Q2 2023 Earnings Call. Aug 03, 2023, 1:00 p. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. However, the liquidity crunch. The recent King Garden debacle. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 54 $79. IIPR buys properties and leases them to. 1% YOY growth in AFFO per share to $2. 09 on volume of 513,934 shares. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. That translates into around 50% growth per year, essentially doubling the current share price of $186. The Broker Recommendations chart displays the recommendations made by brokerage firms and are not a recommendation to buy or sell a share, but instead indicate of how the broker thinks the company. 02%, for an annualized return of 26. 07 beats by $0. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. . At the time of this writing, the company has 60 consecutive years. Summary. May. Its 2022 revenue of $276 million was up 35% versus 2021. marketbeat. 75 +0. 35%) stock jumped 14. This change outpaced the S&P 500's 0. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. Innovative Industrial Properties has a total shareholder equity of $1. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. Summary. I wrote this article myself, and. 3%. That kind of growth rate is similar to what traditional net lease peers report in the. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. (IIPR-0. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. In 2021, IIPR grew revenue by 75% and AFFO. P/AFFO by year. 90 -0. 7%Innovative Industrial Properties ( IIPR 0. If more cannabis businesses. Like most other stocks in today's bear market, pessimism surrounding the economy and. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. This change lagged the S&P 500's 1. Share prices are down 30% from November 2021 highs despite the company. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 7 attached. Currency in USD. 7% from the previous trading session. Zacks Equity Research. IIPR has rewarded shareholders with a rapidly growing dividend. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 2020, Jan. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. NYSE: IIPR Innovative Industrial Properties. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. If you had invested in Innovative Industrial Properties stock at $19. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. (IIPR) stock news and headlines to help you in your trading and investing decisions. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. Join the Conversation! Build your trading network; Follow your favorite assets. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 28, or 4. Shares of Innovative Industrial Properties (IIPR-1. IIPR has since increased its dividend by 2. This development will increase its costs and impact its. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. This unique business sits at the corner. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. In the latest trading session. Pfd. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. For example, the recent IIPR share price of $68. The share price for Innovative Industrial Properties ( IIPR -3. Hexo stock has a weak 3 Composite Rating. 00 +3. On average, they are forecasting that the company's top line will rise to $1. Prices are already falling and it’s only going to get worse. 83 1. . View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. On average, they predict the company's stock price to reach $2. The stock is trading at a low price-to. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. 9% sequentially and has returned 17% overall. if you shorted IIPR on 4/18/22 for about $163 SH. IIPR stock fell 6% to 207 after hours in the stock market today. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 4B and $440. 15, your return over the last 6 years would have been 311. 18 from the previous closing price of $79. 07, revenue of $76. 56. 1% and Real Estate Select Sector SPDR ETF falling 11. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. Full. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. Get the latest Innovative Industrial Properties, Inc. StocksMoneyShow. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. In this video I talk about what will happen next with IIPR stock a. 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. Wall Street Thinks This 10. 80%) looks like a promising stock to buy. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. IIPR-A trades at a massively. Sep. Today, in the low $90s, the REIT offers a dividend yield of 7. Out of . Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. 5625 per share of IIP’s 9. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 10 in dividends, for a dividend payout ratio of 84%. And if a dividend cut does happen, then an even greater sell-off. So, it is worth exploring what lies ahead for the stock. 50 per share on Oct. With shares trading at just 10-times earnings, this stock. Innovative Industrial Properties distributed $1. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 001 per share, 50,000,000 shares authorized: 9. IIPR Innovative Industrial Properties $75. com - September 13 at 4:17 AM. However, short sellers have. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 15. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. IIPR is currently trading at an EV/NTM Revenue of 10. 02% from the previous closing price of $175. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Cannabis stocks have fallen sharply in the past several years. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. 83%). IIPR is down over 30% from its peak. is a real estate investment trust. The stock is on sale. The cannabis landlord company Cannabis is being legalized steadily across the U. 3% to close at 52. 13%). Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 18 on volume of 249,380 shares. Shares of UnitedHealth Group ( UNH 0. S. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. 82% move from the prior day. By Aaron Missere. S. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 68%) has had a wild year. 6% in January, according to data provided by S&P. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. Innovative Industrial Properties's EBIT is $171. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 15%. The average IIPR stock target price of $158 suggests nearly 37% upside potential. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. Innovative Industrial Properties, Inc. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. This means. ET after. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. 42. 51%), the only real estate investment trust. 5% at one point this week, according to data from S&P Global Market Intelligence. 11% while IIPR is lower by -59. cannabis sector. 8% in late trading Tuesday after closing up 2. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. The trend seems to continue down , but. The trust's dividend pay-out. Conv. 00, with the highest IIPR stock price forecast at $95. comInnovative Industrial Properties, Inc. Still, it. Specifically, Exxon Mobil (NYSE: XOM) is down 5. 00, or 16%, Over Prior Twelve Months. The stock has traded between $167. by Zacks Equity Research Published on October 12,2023. It had only collected 92. It’s down 7% so far this month, and it’s currently trading at $114. ". Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. Key Points. 6% in January, according to. 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. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 25 $80. 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. 2m worth of stock in the past 12 months have had less success. 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. m. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Currently, IIPR stock offers an attractive forward dividend yield around 9%. Innovative Industrial Properties (IIPR 0. IIPR has posted truly impressive growth since it went public back in 2016. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 27, moving +0. (IIPR) stock news and headlines to help you in your trading and investing decisions. Some analyst estimates for the stock seem to be outdated. 45 per diluted. 20. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 3% to access that capital. Image. 00, with a high estimate of 179. 7% to 4,357. Cannabis. Get the latest Innovative Industrial Properties, Inc. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. 11% in terms of adjusted FFO per share. 5. 84% YTD and -74. 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. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 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. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 47 from the previous closing price of $92. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 4% dividend hike. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. Summary. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. Today, in the low $90s, the REIT offers a dividend yield of 7. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. The company is set to announce its earnings results on August 7. 51%), the only real estate investment trust. Mar 19, 2020. 00 per share), 600,000 shares. The stock pays a dividend, currently with a forward yield of nearly 0. I last covered IIPR in August, where I rated the stock a buy on account of the 7. Mar 19, 2020. 25. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 15, about 28% more than. Financial Health criteria checks 4/6. 03% move from the prior day. However, it tumbled further in the past week after the company was targeted by short-seller Blue. This lower stock price might have also set up new investors for outsize returns. $2B. IIPR can go out and issue tons of new stock and pay just 2.