The company's annualized yield currently comes in at 2. 73%. Mike Tyson will be joining our lineup in our Cannabis Event. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. That translates into around 50% growth per year, essentially doubling the current share price of $186. 50. Meanwhile,. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 1M. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Its share prices grew by 307% from its IPO in late 2016 to. 17%). 86% from the previous closing price of $88. A submerged stock price doesn't necessarily mean a company is a bargain, however. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. I/we have no stock,. Aug 03, 2023, 1:00 p. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. IIPR can go out and issue tons of new stock and pay just 2. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. Learn more on IIPR's analyst rating history. (NYSE: IIPR) a real estate company focused on the U. Innovative Industrial Properties, Inc. 5%. Still, the stock's recent pullback is a good buying opportunity for new investors. 's ( NYSE:IIPR ) stock may have disappointed. 12 on volume of 167,616 shares. 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. 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. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. The average twelve-month price prediction for Innovative Industrial Properties is $109. S. View the latest Innovative Industrial Properties Inc. 82% move from the prior day. Innovative Industrial Properties, Inc. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Strong dividend paying companies in the US market. 99 in the latest trading session, marking a -1. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Besides, the duo will partner on the development of 324,000. 97x and NTM Price/FFO Per Share of 13. Half of the ratings on the mutual fund company are sells. Today, in the low $90s, the REIT offers a dividend yield of 7. 83%) stock gained 4. 's (NYSE:IIPR) value has dropped 5. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. 80%) looks like a promising stock to buy. 5% over the past four weeks to close the last trading session at $71. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. The share price for Innovative Industrial Properties ( IIPR -3. S. Innovative Industrial Properties Inc (IIPR) stock is down 0. 19 TCNNF Trulieve Cannabis $5. m. 5 million on this revenue, an increase of 248% from net income of $3. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 5% at one point this week, according to data from S&P Global Market Intelligence. 94M Why are analysts so bullish on IIPR stock? The company continues to report double-digit revenue and earnings growth, a raft of new acquisitions, and a high dividend yield. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. com users lately. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 28 in the latest trading session, marking a -1. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. Based on its current numbers, IIP looks like. 37%. Tilray ( TLRY ): The company is seeing. It would not be so easy to call NLCP overvalued at a. Given the current short-term trend, the stock is expected to fall -9. 25 $80. 00, with the highest IIPR stock price forecast at $95. 7%, and it occasionally disburses special dividends to return excess cash to investors. Honestly, stocks like this one really remind me of what Peter Lynch said about. 3 million in cash. 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. 44 so far today. Key Points. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 15, your return over the last 6 years would have been 311. 38, moving -0. It’s down 7% so far this month, and it’s currently trading at $114. 000000; an Industry Subrating of Low; a. Series A stock information by Barron's. ET by Max A. 66 50-Day Range $69. Find the latest Innovative Industrial Properties, Inc. Although recessionary fears are. By buying indoor cultivation space from marijuana companies. 39, moving +1. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. International. Innovative Industrial Properties's earnings are forecast to decline at 0. Aug 03, 2023, 1:00 p. Innovative Industrial Properties, Inc. . 19%. Summary. Fortinet stock tumbled 16. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Full. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. Innovative Industrial Properties (IIPR 0. 00, with a high estimate of 179. by Zacks Equity Research Published on October 12,2023. In fact, since bottoming out in June, the REIT popped from about $64 to $82. (IIPR-0. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. Innovative Industrial Properties distributed $1. Share your ideas and get valuable insights from the community of like minded traders and investors. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. IIPR shares are down 63% YTD and could fall further if higher. 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. January 14, 2023 at 5:00 AM · 3 min read. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. 50 to $137. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. (IIPR) 13 Comments Blake Downer 1. This change outpaced the S&P 500's 0. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. P/AFFO by year. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 01%. So what. So far 798,498 shares have traded compared to average volume of 464,816. 51%) (As of 11/21/2023 ET) Today's Range $79. 0 and an annual dividend yield of 10. 87%, while the broader index S&P. IIPR-A trades at a massively. Its 2022 revenue of $276 million was up 35% versus 2021. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Markets, so far on Friday, appeared to take new. 05 and $188. Join the Conversation! Build your trading network; Follow your favorite assets. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 22, but there could still be a solid upside left in the stock. Over the last four quarters. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 4% in August, according to data from S&P Global Market Intelligence. Get the latest Innovative Industrial Properties, Inc. More Information. 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. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 89%. 5 brokers have issued 12-month price targets for Village Farms International's shares. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. finance. 1 million, or $1. 8% in late trading Tuesday after closing up 2. S. 1% since its peak in November 2021. 32, and AFFO rose from $1. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. As a result, IIPR’s normalized FFO was $49. 7% in the last week insiders who sold US$6. Despite that, we assessed the recent pullback is healthy and. 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. A second reliable ultra-high-yield dividend stock that stands out as a no-brainer buy in September is cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR-3. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. February 24, 2023 at 9:19 AM · 4 min read. ” The news caused Industrial Properties, Inc. The stock prices of its tenants have plunged. There aren't many REITs that fit. By Aaron Missere. For example, the recent IIPR share price of $68. 48 so far today. 2m worth of stock in the past 12 months have had less success. Over the past year the S&P 500 is down -14. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 8%. Equity REITs trade as a whole. 32 (+7. 75 -2. On average, they anticipate the company's stock price to reach $109. 02 Innovative Industrial Properties FFO of $2. 14 per share, beating the Zacks. 4% dividend hike. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. Near its 52-week low, it's. According to several analysts, the 7. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. The stock outpaced the S&P 500's daily loss of 0. cannabis sector. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 50 to low of $46. m. (IIPR) stock news and headlines to help you in your trading and investing decisions. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. 07 beats by $0. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. IIPR 72. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 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. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. 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. T. (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. The company then paid a quarterly dividend of $1. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 30 so far today. 24%) ranked as one of the hottest cannabis stocks in the industry. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. 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. Innovative Industrial Properties, Inc. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. 3 million in the 1st quarter of 2019. yahoo. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 44 and paid out $7. I wrote this article myself. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. Market Cap. Innovative Industrial Properties ( IIPR 1. Innovative Industrial Properties (IIPR) closed at $75. 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. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 25. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. 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. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. stock was issued. Year-to-date, shares of IIPR stock have dropped by 59. 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. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 03 (-1. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. 1% on Friday as of 2:24 p. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. 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 stock is down more than 50% from its November 2021 high. (IIPR) stock is trading at $189. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. These three cannabis stocks could eventually rally to higher highs. 83 1. In the last reported quarter, Innovative Industrial delivered a surprise of 7. Zacks Equity Research. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. But IIPR is no longer the only publicly traded REIT in the medical marijuana. The 28. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. Shares of UnitedHealth Group ( UNH 0. View real-time IIPR. 1%, which is absurd when you consider the dividend growth track record and potential future. The stock lost almost 6. Innovative Industrial Properties, Inc. 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. 35%) stock jumped 14. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. Innovative Industrial Properties, Inc. Innovative Industrial Properties ( IIPR 0. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. IIPR's share prices have grown over 1,100% in just five years. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. Innovative Industrial Properties ( IIPR -2. 18% move from the prior day. So why is Innovative Industrial Properties' stock falling? Investors have a. The payout, in the meantime, has ballooned into double digits. 3% to close at 52. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. This represents a significant discount to where U. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. stock was originally listed at a price of $19. On this news, the price of IIPR stock fell more than 7% to close at $169. com - September 15 at 10:19 AM. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. The recent King Garden debacle. 7%-Yielding Dividend Stock Could Soar 68%. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. 6% per annum while its annual revenue is expected to grow at 2. The company then paid a quarterly dividend of $1. On average, they are forecasting that the company's top line will rise to $1. Learn more on IIPR's dividend yield history. IIPR has plunged by -31. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. IIPR's return is nearly. 18 on volume of 249,380 shares. Among that is what has Innovative Industrial Properties (NYSE: IIPR) stock falling, why hydrogen stocks are heading lower, as well as what’s behind the rally of United Maritime Corporation. 84% YTD and -74. 15 per common share represent an increase of $1. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. The stock fell as much as 17. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. 1 million, or $1. 27, moving +0. 36, or -0. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. (IIP), the first and only real estate company on the New York Stock. IIPR earned $5. According to my calculations, there is a growth potential of 22. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. I wrote this article myself, and. 56% (not including any dividends or dividend reinvestments). Meanwhile, in early spring it raised. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 4% dividend yield. Volume today is elevated. 4%. 94 SMG Scotts Miracle-Gro $70. Full. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 6% yield. According to a filing with the U. 7%-Yielding Dividend Stock Could Soar 68%. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. Its dividend has increased for five straight years as well. 48K Follower s Summary Innovative Industrial Properties enjoys rising. 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. 49% — by comparison, the average stock in Dividend Channel's. Investor FAQs. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 8M making its interest coverage ratio. Hexo stock has a weak 3 Composite Rating. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Subscribe Now See Plans & Pricing. And that's showing up in Innovative. Innovative Industrial Properties's return on equity is 8. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 65 -1. Story continues. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. Technical analysis forecast for Innovative Industrial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. 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. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. Hexo stock has a weak 3 Composite Rating. IIPR has posted truly impressive growth since it went public back in 2016. (IIPR) NYSE - NYSE Delayed Price. 14. This development will increase its costs and impact its. 6% to. Share your ideas and get valuable insights from the community of like minded traders and investors. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. Cannabis stocks have fallen sharply in the past several years. Securities. In exchange for about $110. 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. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. The all time high for this statistic was previously 20. 5%, and it has net margins of 54. Let's take a closer look at each company. 99 and $192. The payout, in the meantime, has ballooned into double digits. Over the past year the S&P 500 is lower by -12. Turning to the calls side of the option chain, the call contract at the $100. 65 represents a price-to-book ratio of 1. Cannabis. However, it tumbled further in the past week after the company was targeted by short-seller Blue. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. Morsa Images. 9% per annum. Wall Street analysts' overly optimistic recommendations cast doubt. 22 (-1. Tobacco and alcohol tend to do well in times of recession or. Preferred stock, par value $0. 15 in Dec 1, 2016. Innovative Industrial Properties (IIPR 0. 9. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. The yield sits above 9% after the most recent 5. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. This move outpaced the S&P 500's daily. Stock Price Forecast. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. 87 per diluted share, in Q1. This. Today's Change (-1. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Shares of UnitedHealth Group ( UNH 0. Prices are already falling and it’s only going to get worse. Volume today is light. 83%), which owns marijuana-related assets, fell a sharp 16% in the. 60%). May. The stock outpaced the S&P 500's daily loss of 0. cannabis. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. KLH49/iStock via Getty Images. In its latest quarter, IIPR delivered 5.