8% in late trading Tuesday after closing up 2. Volume today is 182,926 compared to average volume of 205,534. 86% move from the previous day. 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. 09 on volume of 513,934 shares. These three cannabis stocks could eventually rally to higher highs. 15%) At close: 04:00PM EST. 3%. IIPR bounced up in November 2021, along with the. 3% from the stock's current price. Series A stock information by Barron's. 7% in the last week insiders who sold US$6. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 46M beats by $2. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. 15, your return over the last 6 years would have been 311. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. J. ET by Max A. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Based on its current numbers, IIP looks like. This lower stock price might have also set up new investors for outsize returns. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. May 4, 2023 at 12:00 PM · 4 min read. If an investor was to purchase shares of IIPR stock at the current price. 83 1. 5% over the past four weeks to close the last trading session at $71. 92% at $100. Results reflected better-than-expected revenues. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. 54%) has experienced this on the. 42% from the previous closing price of $185. At the time of this writing, the company has 60 consecutive years. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. 69 a share. But it also invests in shares of public companies. 5%, and it has net margins of 54. Summary. 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. In the latest trading session. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. The company in April. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. 73%. NYSE: IIPR Innovative Industrial Properties. Even if. Although recessionary fears are. This change lagged the S&P 500's daily gain of 1. 83%) does, its strongest advantages, and its biggest weaknesses. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. 55, moving +1. 7 attached. This development will increase its costs and impact its. In detail, IIPR is acquiring approximately 92. What happened with shares of IIPR is a feature, not a bug, of the best REITs. 15 per Common Share Declared in Last Twelve Months, Up $1. 86% from the previous closing price of $105. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. Aug 03, 2023, 1:00 p. 2%, while the Industrial REITs industry saw earnings growing at 24. Down an incredible 61% this year, it has. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. . Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. 8M respectively. The Motley Fool. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Plus the mkt is like a falling knife. 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. Its 2022 revenue of $276 million was up 35% versus 2021. According to a filing with the U. I wrote this article myself. 84% YTD and -74. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 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. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . Shares are only down 0. 65 represents a price-to-book ratio of 1. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. 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. In my opinion, IIPR. 6% off its high. 46M beats by $2. And, if the stock price does fall, the short-seller would profit. 07 beats by $0. 48%), referring to the cannabis company as a "marijuana bank" as. Innovative Industrial Properties (IIPR 0. 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. Zacks Equity Research. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 1M. 7%Innovative Industrial Properties ( IIPR 0. Zacks Equity Research. 7%Innovative Industrial Properties (IIPR) closed at $197. 51%), the only real estate investment trust. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. In the latest trading session. IIPR stock fell 1. Earnings per share increased from $1. Innovative Industrial Properties (IIPR-3. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. cannabis sector. 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. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. Strong dividend paying companies in the US market. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. By Aaron Missere. 15%. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. 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. 79. 80%) looks like a promising stock to buy. Subscribe Now See Plans & Pricing. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. 4B and $440. 03% move from the prior day. 08 intraday, briefly clearing a 221. In fact, since bottoming out in June, the REIT popped from about $64 to $82. (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. Check out why I'm neutral on IIPR stock. 44 so far today. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. stock was originally listed at a price of $19. P/AFFO by year. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 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. The yield sits above 9% after the most recent 5. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 00 per share), 600,000 shares. 75 to $4. 83%). 04. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. 02%, for an annualized return of 26. 94MStock Price Forecast. Despite the challenges, Innovative. 6% per annum while its annual revenue is expected to grow at 2. After the change, there still remains approximately $33. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. 50 to $137. 3% annually. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. IIPR stock fell 6% to 207 after hours in the stock market today. 15%. 001 per share, 50,000,000 shares authorized: 9. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. Investor FAQs. By Aaron Missere. by Zacks Equity Research Published on October 12,2023. 50. The average IIPR stock target price of $158 suggests nearly 37% upside potential. The vast. Innovative Industrial Properties has plunged by -31. 75 on April 14, representing a 17% increase over Q4-21. 1%. Preferred stock, par value $0. Hexo Stock Chart. comInnovative Industrial Properties, Inc. I wrote this article myself, and. The average twelve-month price prediction for Innovative Industrial Properties is $109. Today's Change (7. On average, they predict the company's stock price to reach $2. 5M, which brings its debt-to-equity ratio to 15. 75 in the latest trading session, marking a -0. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. Over the last four quarters. It would not be so easy to call NLCP overvalued at a. m. 34 -1. Innovative Industrial Properties (IIPR-1. 0%. Their VFF share price targets range from $1. 38 in the latest trading session, marking a +0. The stock prices of its tenants have plunged. 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. During this time, the REIT tumbled from around $240 per share to as. Innovative Industrial Properties (IIPR) closed at $75. Full. Pfd. In their. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 3% to access that capital. 18% move from the prior day. 36 $125. Morsa Images. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. IIPR has rewarded shareholders with a rapidly growing dividend. The stock has traded between $88. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 49% — by comparison, the average stock in Dividend Channel's. 07% move from the prior day. Read what investors need to know about IIPR here. 75 a share -- giving the stock a dividend yield of 5. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. At the. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. Shares of UnitedHealth Group ( UNH 0. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Meanwhile it can turn around and put that money to work getting a 16% annual return. 00. 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. If you had invested in Innovative Industrial Properties stock at $19. 28 in the latest trading session, marking a -1. IIPR data by YCharts. 87 per diluted share, in Q1. On average, they anticipate the company's stock price to reach $109. 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. 50 to low of $46. 6% to. In this video I talk about what will happen next with IIPR stock a. 80x, respectively. Year-to-date, shares of IIPR stock have dropped by 59. m. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 18. 1% YOY growth in AFFO per share to $2. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Meanwhile, in early spring it raised. ET by Max A. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. And if a dividend cut does happen, then an even greater sell-off. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 62% ) released solid third-quarter results after the. 26. com - September 13 at 4:17 AM. 75 +0. 52%) and AFC Gamma (AFCG-0. 26, 2020 at 4:29 p. is a real estate investment trust. Currency in. The all time high for this statistic was previously 20. 73% from the previous trading session. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 01%. 67 in the latest trading session, marking a +1. Its 2022 revenue of $276 million was up 35% versus 2021. 13%). The stock's a buy even with slower growth. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 75 in the next year. 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. IBD cautions against buying stocks in a market correction. 3% to close at 52. 13%) has an incredible track record of not only paying but raising its dividend. com - September 15 at 10:19 AM. Summary. 36, or -0. The stock fell as much as 17. The share price for Innovative Industrial Properties ( IIPR -3. Honestly, stocks like this one really remind me of what Peter Lynch said about. 5% per year. $2B. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. Hexo stock has a weak 3 Composite Rating. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 13%), a provider of growing facilities for medical marijuana producers, fell 24. But IIPR is no longer the only publicly traded REIT in the medical marijuana. . IIPR has plunged by -31. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. 65 -1. I wrote this article myself. 11% in terms of adjusted FFO per share. Shares of UnitedHealth Group ( UNH 0. The stock has traded between $167. 51 during the height of the pandemic sell-off; 184 days above $75. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. 5 million. Over the last five years, Innovative Industrial Properties ( IIPR 0. 99 and $192. Share your ideas and get valuable insights from the community of like minded traders and investors. Given the current short-term trend, the stock is expected to fall -9. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 39, moving +1. The stock has traded between $181. Fortinet stock tumbled 16. KLH49/iStock via Getty Images. Specifically, Exxon Mobil (NYSE: XOM) is down 5. Innovative Industrial Properties (IIPR) closed at $74. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 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. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 42. 9% sequentially and has returned 17% overall. Innovative Industrial Properties, Inc. 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. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. The stock still fell on the news and drifted lower again in June. 75 with a high price target of $179. Today, in the low $90s, the REIT offers a dividend yield of 7. 46%. Innovative Industrial Properties's return on equity is 8. 06 from the previous closing price of $92. As a result, IIPR’s normalized FFO was $49. 62 at zenith of its stock price in next year following your. Innovative Industrial Properties ( IIPR 1. That translates into around 50% growth per year, essentially doubling the current share price of $186. 12 on volume of 167,616 shares. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. Like most other stocks in today's bear market, pessimism surrounding the economy and. Today, in the low $90s, the REIT offers a dividend yield of 7. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Share your opinion and gain insight from other stock traders and investors. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 16 billion for 2024. P. 07 beats by $0. 07, revenue of $76. Stock Price Forecast. EPS is expected to decline by 1. 15, about 28% more than. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 7% and that's expected to grow by about 10. The current dividend yield for Innovative Industrial Properties is 8. 8% so far, to 108. With a yield of 8. Join the Conversation! Build your trading network; Follow your favorite assets. 32. 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. 3 million in the 1st quarter of 2019. 1% and Real Estate Select Sector SPDR ETF falling 11. 30% while IIPR is lower by -52. Innovative Industrial Properties distributed $1. IIPR's avg. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. IIPR's return is nearly. 7% on Friday and is 19. May 18, 2023 at 12:00 PM · 4 min read. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Sometimes the price moves, both higher and lower, can be dramatic. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. NYSE: IIPR Innovative Industrial Properties. 00 and a low estimate of. Mike Tyson will be joining our lineup in our Cannabis Event. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Innovative Industrial Properties (IIPR) closed at $88. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. After all, over the last three years, the company's. 5% in dividends. 45 per diluted. As a REIT, IIPR stock has shown some promising developments. 91x and 23. Investors frequently choose between dividend growth and current income, but. (IIPR) stock is trading at $182. So if we consider whether. Tilray ( TLRY ): The company is seeing. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. Innovative Industrial Properties, Inc. Its EPS Rating is a worst-possible 1. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. is a real estate investment trust. ET. 3% from the stock's current price. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. com - September 13 at 4:17 AM. 9% per annum. 01 in the past 12. 6% yield. Innovative Industrial Properties, Inc. 99 in the latest trading session, marking a -1. 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. The stock outpaced the S&P 500's daily loss of 0. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40.