The stock yields approximately 3% at the time of this writing, and its dividend has increased by. IIPR has had tremendous growth as the cannabis industry has grown. S. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. PRA stock price and news, along with industry-best analysis. Mike Tyson will be joining our lineup in our Cannabis Event. 32 (+7. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. Today's Range $78. ET by Max A. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 48 so far today. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 45 per diluted. The yield sits above 9% after the most recent 5. Like most other stocks in today's bear market, pessimism surrounding the economy and. In 2020, it generated revenue of $117 million. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. m. No other REIT could come close to this. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. The Motley Fool. Innovative Industrial Properties, Inc. After the change, there still remains approximately $33. Near its 52-week low, it's. Innovative Industrial Properties, Inc. 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. 97x and NTM Price/FFO Per Share of 13. The stock has traded between $167. 8 per share that represents a 9. 1%, which is absurd when you consider the dividend growth track record and potential future. 2m worth of stock in the past 12 months have had less success. 1% YOY growth in AFFO per share to $2. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. J. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. By buying indoor cultivation space from marijuana companies. The stock prices of its tenants have plunged. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Innovative Industrial Properties has a total shareholder equity of $1. IIPR 72. 32, and AFFO rose from $1. 7% in the last week insiders who sold US$6. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. 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. Innovative Industrial Properties, Inc. Image source: The Motley Fool. In its latest quarter, IIPR delivered 5. AFFO came. Share your ideas and get valuable insights from the community of like minded traders and investors. NLCP is not listed on an exchange. 00. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. This change lagged the S&P 500's 1. The stock is on sale. Innovative Industrial Properties (IIPR) $71. This lower stock price might have also set up new investors for outsize returns. 3% annually. 8M respectively. It has also. 17%). Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. The. 10%) were lower by as much as 17. 75 on April 14, representing a 17% increase over Q4-21. 61 on the stock market today. In the 1st quarter of 2020, IIPR generated $21. A bad year for investors in Innovative Industrial Properties ( IIPR -3. According to a filing with the U. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. 26, 2020 at 4:29 p. It had only collected 92. That translates into around 50% growth per year, essentially doubling the current share price of $186. 00 and a low estimate of. Its dividend has increased for five straight years as well. 6% per annum while its annual revenue is expected to grow at 2. 02% from the previous closing price of $175. 000000; an Industry Subrating of Low; a. 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. Find the latest Innovative Industrial Properties, Inc. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. 32, marking a +0. 42. Innovative Industrial Properties ( IIPR 0. 00, the stock is currently trading with a (forward) P/AFFO of 22. (IIPR) stock discussion in Yahoo Finance's forum. 00, with a high estimate of 179. 8% so far, to 108. stock was issued. . 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. In this video I talk about what will happen next with IIPR stock a. Innovative Industrial Properties (IIPR-3. If you had invested in Innovative Industrial Properties stock at $19. Zacks Equity Research. Meanwhile, in early spring it raised. 7%Innovative Industrial Properties ( IIPR 0. Over the last four quarters. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Their IIPR share price targets range from $80. The recent price decline of 3. 12. Find out why IIPR stock is a Hold. With a yield of 8. IIPR's shares are down more than 66% this year. 's (NYSE:IIPR) value has dropped 5. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. Innovative Industrial Properties's return on equity is 8. 90 -0. EPS is expected to decline by 1. With a. Share your ideas and get valuable insights from the community of like minded traders and investors. 00% Series A Cumulative. 15 per common share represent an increase of $1. 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. 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. This is almost twice the S&P 500. 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. Innovative Industrial Properties (IIPR 0. At. 2021 and Feb. Unlike competitors, Innovative Industrial Properties has a competitive moat. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 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. 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. 6% to. As a result of the defaults, IIPR stock is down more than 20% since mid-January. stock was originally listed at a price of $19. 68 +5. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. 27, moving +0. This is a business that started from zero only a few years ago. 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. S. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. Summary. 's stock may have disappointed insiders who bought US$192k worth of shares at an. Late last week, another shareholder filed suit in Maryland against cannabis real estate investment trust Innovative Industrial Properties (IIP) (NYSE: IIPR) for failing to be truthful to investors about its business dealings with Kings Garden. Zacks Equity Research. With shares trading at just 10-times earnings, this stock. IIPR is an exciting stock that some believe has significant upside. 99 in the latest trading session, marking a -1. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. 5% in dividends. Fears over this REIT's future aren't as serious as many investors think. Conv. S. 23% while the S&P 500 has gained 1. On this news, the price of IIPR stock fell more than 7% to close at $169. 20. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. View real-time IIPR. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. IIPR Stock Valuation. 15 in Dec 1, 2016. 46%. 33% as of 3:49 PM on Tuesday, Mar 21. 6% off its high. Prices are already falling and it’s only going to get worse. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 99 $89. Share prices are down 30% from November 2021 highs despite the company. 30% while IIPR is lower by -52. 07 beats by $0. . com users lately. 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. 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. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 81K Follower s Summary Similar to MPW, IIPR continues to face. IIPR's return is nearly. Furthermore, the stock is very good value based on its risk. I last covered IIPR in August, where I rated the stock a buy on account of the 7. IIPR Innovative Industrial is falling or rising technical reasons . IIPR has made the most of its early to-market position. 1% since its peak in November 2021. 8%. In exchange for about $110. 53 and $74. 18, indicating a good swim trunk fit. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 4%. 13 buy point from a three-weeks-tight pattern. 5% loss. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. S. Pfd. This development will increase its costs and impact its. 3% to access that capital. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 7% to 4,357. In the latest trading session. Wall Street analysts' overly optimistic recommendations cast doubt. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 6% in Innovative Industrial Properties, Inc. 5 brokers have issued 12-month price targets for Village Farms International's shares. 34 52-Week Range $63. m. (Motley Fool) Innovative Industrial Properties, Inc. 72%. 75 a share -- giving the stock a dividend yield of 5. As a result, IIPR’s normalized FFO was $49. (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. IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. 58. 5 million. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry WHY IIPR WAS FORMED Specialized Real Estate U. Its total assets and total liabilities are $2. Innovative Industrial Properties (IIPR-1. 73, posting its worst daily performance since May 12. This means. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 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. yahoo. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. Series A stock information by Barron's. Down an incredible 61% this year, it has. 26. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. 18 on volume of 249,380 shares. 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. And make no. Expected Annual Pre-Tax Return. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. 16 billion for 2024. 28 in the latest trading session, marking a -1. Shares are offering a tempting 6. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. ET by Max A. 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. 7% and that's expected to grow by about 10. Wall Street Thinks This 10. 25. Out of . 12 per share, beating the Zacks Consensus Estimate of $1. If the stock offerings are prudently managed this is a $200. More Information. (IIPR) stock to fall significantly during trading on April 15, 2022. 12 per share, beating the Zacks Consensus Estimate of $1. Shares have tumbled 56% year-to-date. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. IIPR: Raising target price to $104. 75% move from the prior day. 46M beats by $2. Innovative Industrial Properties ( IIPR -2. 12. In their. 6% in Innovative Industrial Properties, Inc. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. In this video I talk about what will happen next with IIPR stock a. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. The stock fell as much as 17. The IPO. ET by Max A. 11% while IIPR is lower by -59. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Turning to the calls side of the option chain, the call contract at the $100. 08% from the previous trading session. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. According to a filing with the U. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. 50 per share on Oct. 02 Innovative Industrial Properties FFO of $2. As one of the leading owners of industrial real estate leased to state. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 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, Inc. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 36, or -0. 75 with a high price target of $179. 83% as of 11:57 AM on Friday, Jan 20. ". May 4, 2023 at 12:00 PM · 4 min read. (NYSE: IIPR) a real estate company focused on the U. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. During this time, the REIT tumbled from around $240 per share to as. I wrote this article myself. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. 68%) has had a wild year. As a REIT, IIPR stock has shown some promising developments. 36 $125. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 's ( NYSE:IIPR ) stock may have disappointed. In their. IIPR stock has become an investor favorite recently. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. (NYSE: IIPR) a real estate company focused on the U. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. The stock lost almost 6. The stock is trading at a low price-to. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 18% move from the prior day. Also, its 2022 AFFO was $234 million, or $8. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 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. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. For example, the recent IIPR share price of $68. 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. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. IIPR has posted truly impressive growth since it went public back in 2016. Innovative Industrial Properties, Inc. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Q1 2023 Cash Dividend of $1. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . Mar 19, 2020. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. KLH49/iStock via Getty Images. 92% at $100. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 44 so far today. 56. 77% move from the previous day. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. The company then paid a quarterly dividend of $1. 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. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. 87 per diluted share, in Q1. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 28, or 4. Join the Conversation! Build your trading network; Follow your favorite assets. The company in April. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. . 75 on April 14, representing a 17% increase over Q4-21. 6% to. 03% move from the prior day. 51 during the height of the pandemic sell-off; 184 days above $75. View the latest Innovative Industrial Properties Inc. The REIT owns a diversified portfolio of properties that cater to cannabis producers. 3 million in the 1st quarter of 2019. cannabis sector. Over the past year the S&P 500 is lower by -12. IIPR stock fell 1. 5% per year. The stock outpaced the S&P 500's daily loss of 0. 4% dividend hike. (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. What happened with shares of IIPR is a feature, not a bug, of the best REITs. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. This. 42. I expect the IIPR stock price to move higher after months of falling. 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. 32. Image. Tilray ( TLRY ): The company is seeing.