The stock has traded between $185. This change outpaced the S&P 500's 0. Shares are only down 0. That translates into around 50% growth per year, essentially doubling the current share price of $186. 6% to. The average twelve-month price prediction for Innovative Industrial Properties is $109. 54%. S. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. 18. Investor FAQs. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. Follow. 42. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Share your opinion and gain insight from other stock traders and investors. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. Some analyst estimates for the stock seem to be outdated. The recent price decline of 3. com users lately. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 75 -2. 02% from the previous closing price of $175. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. IIPR Stock Valuation and Price Target Unlike most NNN REITs, IIPR has delivered rapid growth more resembling a tech company than a real estate landlord. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. I watched the stock fall from nearly $300 to a. 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. 40%) -$1. During this time, the REIT tumbled from around $240 per share to as. In my opinion, IIPR. 46%. By buying indoor cultivation space from marijuana companies. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 7%Innovative Industrial Properties (IIPR) closed at $197. They first came onto my radar back in 2020. Innovative Industrial Properties ( IIPR 2. Meanwhile it can turn around and put that money to work getting a 16% annual return. 42. Innovative Industrial Properties (IIPR 0. 5% at one point this week, according to data from S&P Global Market Intelligence. T. 47% during the next 3 months and, with a 90% probability hold a price between $61. 4% dividend yield. At the. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Innovative Industrial Properties's return on equity is 8. And if a dividend cut does happen, then an even greater sell-off. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. Hexo stock has a weak 3 Composite Rating. 2021 and Feb. I/we have no stock,. Discover historical prices for IIPR stock on Yahoo Finance. Innovative Industrial Properties, Inc. 51 during the height of the pandemic sell-off; 184 days above $75. IIPR has risen $0. (IIPR) stock news and headlines to help you in your trading and investing decisions. IIPR paid a quarterly dividend of $1. 00, with the highest IIPR stock price forecast at $95. 57% move from the prior day. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. I wrote this article myself, and it. Sep. 5%. 22 to $380. 73% from the previous trading session. IIPR has risen $0. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 68 +5. In addition, the company generated a net income of $11. Given the current short-term trend, the stock is expected to fall -9. ET by Max A. 2020, Jan. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. The stock is on sale. 73%. Over the past year the S&P 500 is down -14. Summary. Innovative Industrial Properties's earnings are forecast to decline at 0. 00 and a low estimate of. Since our last article, the stock price has declined by as much as 21%. Innovative Industrial Properties (IIPR) closed at $74. Innovative Industrial Properties ( IIPR 1. Despite that, we assessed the recent pullback is healthy and. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. 28 in the latest trading session, marking a -1. Currently, IIPR stock offers an attractive forward dividend yield around 9%. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 15, about 28% more than. 7% from the previous trading session. 9% Cum. IIPR earnings call for the period ending June 30, 2023. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 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. 22 (-1. Learn more on IIPR's dividend yield history. What happened. (NYSE: IIPR) a real estate company focused on the U. 93%), Bank of America, Chevron, and Coca. Innovative Industrial Properties, Inc. 83 1. 7 attached. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. IIPR stock, innovative industrial properties is a REIT with significant upside potential. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. After all, over the last three years, the company's. No other REIT could come close to this. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. The payout, in the meantime, has ballooned into double digits. Kimbell Royalty Partners (KRP) Dividend Yield: 9. A submerged stock price doesn't necessarily mean a company is a bargain, however. 38%), it's easy to get complacent. . The share price for Innovative Industrial Properties ( IIPR -3. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. The stock's a buy even with slower growth. Cherney Cannabis REIT Innovative Industrial Properties shares fall. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Summary. 48, or 2. Markets, so far on Friday, appeared to take new. ET by Max A. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. 5. Elsewhere. KLH49/iStock via Getty Images. View the latest Innovative Industrial Properties Inc. 13, marking a -1. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. The stock is down more than 50% from its November 2021 high. . In the 1st quarter of 2020, IIPR generated $21. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. IIPR has rewarded shareholders with a rapidly growing dividend. (IIPR) NYSE - NYSE Delayed Price. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Share prices are down 30% from November 2021 highs despite the company. 75 in the next year. So what. As these news came out in mid-July, IIPR's stock price has taken a significant hit. IIPR Innovative Industrial Properties $75. 9B and total debt of $300. 07, revenue of $76. Like most other stocks in today's bear market, pessimism surrounding the economy and. 0 and an annual dividend yield of 10. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. 86% move from the previous day. 44 and paid out $7. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. And, if the stock price does fall, the short-seller would profit. 3 million in the 1st quarter of 2019. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. As a result, IIPR’s normalized FFO was $49. 69 (business) days IIPR was below $79. Honestly, stocks like this one really remind me of what Peter Lynch said about. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 80%) looks like a promising stock to buy. Innovative Industrial Properties ( IIPR -2. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. 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. Prices are already falling and it’s only going to get worse. IIPR has rewarded shareholders with a rapidly growing dividend. The payout, in the meantime, has ballooned into double digits. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 8% of its value on the day. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. So if we consider whether. But IIPR is no longer the only publicly traded REIT in the medical marijuana. Furthermore, the stock is very good value based on its risk. (NYSE: IIPR) a real estate company focused on the U. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. View the latest Innovative Industrial Properties Inc. Shares of UnitedHealth Group ( UNH 0. 80x, respectively. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. The company is set to announce its earnings results on August 7. 02 Innovative Industrial Properties FFO of $2. IIPR's share prices have grown over 1,100% in just five years. 8% in late trading Tuesday after closing up 2. 32% loss on the day. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. 1% move from the previous day. comInnovative Industrial Properties, Inc. 26, 2020 at 4:29 p. As one of the leading owners of industrial real estate leased to state. Their IIPR share price targets range from $80. 26, up sequentially from $2. The safety that IIP's stock once offered investors is long gone. 5% in dividends. 52%) Q2 2023 Earnings Call. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. 01 and. 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. Volume today is 182,926 compared to average volume of 205,534. So if we consider whether. 1% and Real Estate Select Sector SPDR ETF falling 11. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. Zacks Equity Research. cannabis sector. Specifically, Exxon Mobil (NYSE: XOM) is down 5. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. S. 20. Aug 03, 2023, 1:00 p. 44 so far today. 20. 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. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. Innovative Industrial Properties, Inc. This unique business sits at the corner. 5% over the past four weeks to close the last trading session at $71. IIPR has had tremendous growth as the cannabis industry has grown. 1M. In their. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 9. Revenues have been growing at an average rate of 46% per year. $2B. 6% in Innovative Industrial Properties, Inc. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. 47 from the previous closing price of $92. . Johnson & Johnson. Story continues. 32 in the latest trading session, marking a +0. Down an incredible 61% this year, it has. 44%, not including the 9. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. m. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. Innovative Industrial Properties (IIPR) closed at $75. Market Cap. 18. Shares have tumbled 56% year-to-date. 3% from the stock's current price. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. If more cannabis businesses. Summary. I discuss my thought process for REITs and trying to predict the future based on the past and present. According to several analysts, the 7. Aug 03, 2023, 1:00 p. 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. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. I wrote this article myself. The analyst also reduced the stock's price target from $24. The stock outpaced the S&P 500's daily. 75 in the latest trading session, marking a -0. August 3, 2022 at 7:55 PM · 3 min read. 32, marking a +0. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. On Jan. 12. 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. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. 2. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 20 Innovative Industrial Properties, Inc. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. This rating change. 36, or -0. If the stock offerings are prudently managed this is a $200. 18 on volume of 249,380 shares. 5% this week, after issuing shares and reporting a capital markets update. 84 and $174. I wrote this article myself, and. Join the Conversation! Build your trading network; Follow your favorite assets. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. kmatija. 45 per diluted. . 80 per share, reflecting an increase of 25% over dividends. The stock outpaced the S&P 500's daily loss of 0. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 89%. Innovative Industrial Properties, Inc. Its EPS Rating is a worst-possible 1. The yield sits above 9% after the most recent 5. 01%. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. 00 and a low price target of $80. 00, or 16%, Over Prior Twelve Months. m. P/AFFO by year. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. It’s down 7% so far this month, and it’s currently trading at $114. Its share prices grew by 307% from its IPO in late 2016 to. Despite that, we assessed the recent pullback is healthy and. 54. 94 SMG Scotts Miracle-Gro $70. 8M respectively. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. 68%) has had a wild year. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. Cannabis. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Redeem. Even better. Fortinet stock tumbled 16. 48 so far today. Its dividend has increased for five straight years as well. 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. 1% since its peak in November 2021. This change lagged the S&P 500's daily loss of 1. I expect the IIPR stock price to move higher after months of falling. 09 on volume of 513,934 shares. 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. 06 billion this year, to be followed by a leap to $1. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. Summary. Innovative Industrial Properties (IIPR-1. Besides, the duo will partner on the development of 324,000. 67 (2. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 15%. The company's annualized yield currently comes in at 2. The current dividend yield for Innovative Industrial Properties is 8. 15%) At close: 04:00PM EST. Mar 19, 2020. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. The stock was hit by a scathing short-seller report last month. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 90 -0. 1%, which is absurd when you consider the dividend growth track record and potential future. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. Plus the mkt is like a falling knife. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 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. 6% to. According to my calculations, there is a growth potential of 22. At the. As of June 30, 2022, we owned 111 properties comprising an. These three cannabis stocks could eventually rally to higher highs. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 02%, for an annualized return of 26. 8%. On this news, the price of IIPR stock fell more than 7% to close at $169. The stock is trading at a low price-to. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 1% yield is indeed a reward for investors seeking the highest income potential. 62% ) released solid third-quarter results after the. The. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. What happened with shares of IIPR is a feature, not a bug, of the best REITs. is a real estate investment trust. But the bottom might finally be in for this small-cap REIT. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Market Cap.