3%. 02. IIPR has since increased its dividend by 2. So, it is worth exploring what lies ahead for the stock. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 00, with the highest IIPR stock price forecast at $95. 6% per annum while its annual revenue is expected to grow at 2. 5 brokers have issued 12-month price targets for Village Farms International's shares. Results reflected better-than-expected revenues. 67 (2. According to a filing with the U. Volume today is 182,926 compared to average volume of 205,534. This change lagged the S&P 500's 1. ET by Max A. 83%) does, its strongest advantages, and its biggest weaknesses. 12 per share, beating the Zacks Consensus Estimate of $1. 1 million, or $1. Hexo stock has a weak 3 Composite Rating. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 15%) At close: 04:00PM EST. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. com - September 15 at 10:19 AM. 95 per share. Innovative Industrial Properties, Inc. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. So, it is worth exploring what lies ahead for the stock. And if a dividend cut does happen, then an even greater sell-off. falling by 79%. 30% while IIPR is lower by -52. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 11% in terms of adjusted FFO per share. 83%), which owns marijuana-related assets, fell a sharp 16% in the. By Aaron Missere. 68%) has had a wild year. com users lately. (IIPR) stock is trading at $182. 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. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Shares are dirt cheap at a price/FFO of 10. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. This lower stock price might have also set up new investors for outsize returns. Share prices are down 30% from November 2021 highs despite the company. IIPR runs the risk of becoming a battleground income stock like Medical Properties Trust where near-perpetual issues with tenants reflect itself as forever angst around the payouts and a falling. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. 87 per diluted share, in Q1. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. Innovative Industrial Properties ( IIPR -2. cannabis. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. Share your opinion and gain insight from other stock traders and investors. 73 in the next year. IIPR earned $5. 84% YTD and -74. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. Innovative Industrial Properties, Inc. IIPR has plunged by -31. 73, posting its worst daily performance since May 12. Summary. This change lagged the S&P 500's daily loss of 1. 40%) -$1. 38, moving -0. IIPR-A trades at a massively. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. Innovative Industrial Properties, Inc. Investor FAQs. I wrote this article myself. NYSE: IIPR Innovative Industrial Properties. 00 stock in one year. The stock has traded between $167. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. 3% from the stock's current price. 83%). Future criteria checks 0/6. This. 11x, lower than its 3Y pre-pandemic mean of 13. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. Half of the ratings on the mutual fund company are sells. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. I wrote this article myself, and. Aug 03, 2023, 1:00 p. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. . The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 01 and. Some analyst estimates for the stock seem to be outdated. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. Innovative Industrial Properties ( IIPR 6. Check out why I'm neutral on IIPR stock. Still, the stock's recent pullback is a good buying opportunity for new investors. 8% in late trading Tuesday after closing up 2. Share your ideas and get valuable insights from the community of like minded traders and investors. 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. (IIPR) stock news and headlines to help you in your trading and investing decisions. Meanwhile, in early spring it raised. 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. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. Full. (IIPR) 22 Comments Juxtaposed Ideas 8. NLCP is not listed on an exchange. Innovative Industrial Properties (IIPR) $71. 47 from the previous closing price of $92. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. Shares rose as high as 222. Johnson & Johnson. 15. As a REIT, IIPR stock has shown some promising developments. 00. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. (IIPR) NYSE - NYSE. 68 +5. 38 Volume 166,850 shs Average Volume 293,799 shs Market. 6% in Innovative Industrial Properties, Inc. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 54%) has experienced this on the. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 22 to $380. So if we consider whether. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. Securities. The company also. Currently, IIPR stock offers an attractive forward dividend yield around 9%. 23% while the S&P 500 has gained 1. (IIPR) stock to fall significantly during trading on April 15, 2022. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. The stock is on sale. This is almost twice the S&P 500. 4% on the day. 28 in the latest trading session, marking a -1. IIPR's shares are down more than 66% this year. Innovative Industrial Properties's return on equity is 8. 8M making its interest coverage ratio. 04. 's ( NYSE:IIPR ) stock may have disappointed. To sweeten the pot even more, it also. Image. S. 2% from the previous closing price of $182. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Read what investors need to know about IIPR here. The share price for Innovative Industrial Properties ( IIPR -3. 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. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. ” The news caused Industrial Properties, Inc. 89 at the end of this 3-month period. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 11% while IIPR is lower by -59. And that's showing up in Innovative. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. I expect the IIPR stock price to move higher after months of falling. Find out before anyone else which stock is going to shoot up. 32, and AFFO rose from $1. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 6% in January, according to. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Kimbell Royalty Partners (KRP) Dividend Yield: 9. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. A submerged stock price doesn't necessarily mean a company is a bargain, however. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. 8 per share that represents a 9. Like most other stocks in today's bear market, pessimism surrounding the economy and. Innovative Industrial Properties's earnings are forecast to decline at 0. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. Zacks Equity Research. Innovative Industrial Properties, Inc. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 33% from the previous trading session. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. Follow. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. Earnings per share increased from $1. 4. IIPR shares are down 63% YTD and could fall further if higher. 30 and could see higher highs. 12. What happened with shares of IIPR is a feature, not a bug, of the best REITs. Do Wall Street analysts like Innovative Industrial Properties more than its competitors?The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 50 to $137. 52%) Q2 2023 Earnings Call. 3 million in the 1st quarter of 2019. Let's take a closer look at each company. 14(0. 13%) has an incredible track record of not only paying but raising its dividend. 5% this week, after issuing shares and reporting a capital markets update. 7%, and it occasionally disburses special dividends to return excess cash to investors. This rating change. Summary. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. 05 and $188. 24% while IIPR has. 07, revenue of $76. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. 00, with a high estimate of 179. The. Summary. 75 +0. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 02, marking a -1. 51%), the only real estate investment trust. Shares are dirt cheap at a price/FFO of 10. Currency in. 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. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 12 on volume of 167,616 shares. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. 6% to. However, the liquidity crunch. The all time high for this statistic was previously 20. 13%). 62 at zenith of its stock price in next year following your. m. 35%) stock jumped 14. 83 1. IIPR earned $5. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). 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. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. 15%. Redeem. 36 $125. Image. IIPR has rewarded shareholders with a rapidly growing dividend. Join the Conversation! Build your trading network; Follow your favorite assets. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. The stock has traded between $181. The yield sits above 9% after the most recent 5. $2B. Innovative Industrial Properties, Inc. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. In their. Hexo Stock Chart. Eric Volkman has no position in any of the stocks mentioned. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 1 million in revenue, up 210% from the 1st quarter in 2019. Stock Price Forecast. 83%) stock gained 4. com - September 15 at 10:19 AM. The company, which specializes in. Innovative Industrial Properties Inc (IIPR) stock is down 0. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. I last covered IIPR in August, where I rated the stock a buy on account of the 7. On average, they are forecasting that the company's top line will rise to $1. 4% dividend yield. IIPR has had tremendous growth as the cannabis industry has grown. Q1 2023 Cash Dividend of $1. During this time, the REIT tumbled from around $240 per share to as. 6% off its high. 58. Innovative Industrial Properties (IIPR-1. S. Innovative Industrial Properties ( IIPR -2. Today's Change (7. Innovative Industrial Properties, Inc. Innovative Industrial Properties ( IIPR 1. Its dividend has increased for five straight years as well. The consensus among . 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 000000; an Industry Subrating of Low; a. by Zacks Equity Research Published on October 12,2023. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. 15%. 39, moving +1. The 28. After all, over the last three years, the company's. Innovative Industrial Properties, Inc. Turning to the calls side of the option chain, the call contract at the $100. 07 beats by $0. Our overall hedge fund sentiment score for IIPR is 59. 19%. It had only collected 92. For example, the recent IIPR share price of $68. 00 to $179. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. 8%. 00 strike price has a current bid of $18. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. Innovative Industrial Properties's earnings are forecast to decline at 0. 68 per share on April 14, 2022. The stock was hit by a scathing short-seller report last month. IIPR's avg. 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. International. 7%-Yielding Dividend Stock Could Soar 68%. I think it will fall much further as time goes on. 07% while the S&P 500 has risen 0. The company in April. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. February 24, 2023 at 9:19 AM · 4 min read. So why is Innovative Industrial Properties' stock falling? Investors have a. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. Innovative Industrial Properties, Inc. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. In the latest trading session. And make no. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. 3 million in cash. Find the latest Innovative Industrial Properties, Inc. 01%. Innovative Industrial Properties has a total shareholder equity of $1. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. So if we consider whether. Fears over this REIT's future aren't as serious as many investors think. Shares are offering a tempting 6. Over the past year the S&P 500 is down -14. S. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. There are still. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 73%) Q2 2023 Earnings Call. 83 1. 78, marking a -0. May. This change lagged the S&P 500's daily gain of 1. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Their IIPR share price targets range from $80. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 29, or -3. 1% since its peak in November 2021. ET after. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 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. yahoo. stock was issued. 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. 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. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 12 per share, beating the Zacks Consensus Estimate of $1. 50. 13, marking a -1. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. IIPR Innovative Industrial is falling or rising technical reasons . 7. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. The trend seems to continue down , but. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 87%, while the broader index S&P. If more cannabis businesses. Securities. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. falling by 79%. IIPR's return is nearly. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Strong dividend paying companies in the US market. This development will increase its costs and impact its. Besides, the duo will partner on the development of 324,000. The share price for Innovative Industrial Properties ( IIPR -3. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. by Zacks Equity Research Published on October 12,2023.