View the latest Innovative Industrial Properties Inc. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. IIPR has risen $0. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. IIPR has fallen -$0. 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. 95 per share. IIPR has posted truly impressive growth since it went public back in 2016. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 93%), Bank of America, Chevron, and Coca. On this news, the price of IIPR stock fell more than 7% to close at $169. 75 a share -- giving the stock a dividend yield of 5. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. 48%), referring to the cannabis company as a "marijuana bank" as. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. 83%) stock gained 4. Summary. 12 per share, beating the Zacks Consensus Estimate of $1. IIPR earnings call for the period ending June 30, 2023. Despite the challenges, Innovative. The safety that IIP's stock once offered investors is long gone. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 48, or 2. 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. 44%, not including the 9. , especially for. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. At. S. Mar 19, 2020. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. 28, or 4. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. 36, or -0. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 44 and paid out $7. 52%) and AFC Gamma (AFCG-0. (IIPR) 13 Comments Blake Downer 1. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. IIPR stock fell 1. This represents a significant discount to where U. 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. In the last reported quarter, Innovative Industrial delivered a surprise of 7. Even better. 2021 and Feb. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. This. S. This change lagged the S&P 500's 1. 18% move from the prior day. In exchange for about $110. Share prices are down 30% from November 2021 highs despite the company. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. 02 Innovative Industrial Properties FFO of $2. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 32 (+7. . Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 45 per diluted. 86% from the previous closing price of $88. IIPR stock fell 1. 02% from the previous closing price of $175. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. (IIPR) 22 Comments Juxtaposed Ideas 8. 5 million on this revenue, an increase of 248% from net income of $3. 23% while the S&P 500 has gained 1. The 28. 07 beats by $0. 57% move from the prior day. 51 during the height of the pandemic sell-off; 184 days above $75. 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. Innovative Industrial Properties's return on equity is 8. 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. 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 are offering a tempting 6. Innovative Industrial Properties, Inc. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Revenues have been growing at an average rate of 46% per year. I discuss my thought process for REITs and trying to predict the future based on the past and present. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Image. 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. 75 a share -- giving the stock a dividend yield of 5. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 12. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 00 +3. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 82% move from the prior day. 8% in late trading Tuesday after closing up 2. 00 strike price has a current bid of $18. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, REFI either through stock ownership, options, or other derivatives. A value trap is a stock or other investment that appears to be cheaply priced because it has been trading at low valuation metrics, such as multiples in terms of price to earnings (P/E), price to. At the time of this writing, the company has 60 consecutive years. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Zacks Equity Research. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. IIPR has made the most of its early to-market position. 62 at zenith of its stock price in next year following your. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 4% on the day. Like most other stocks in today's bear market, pessimism surrounding the economy and. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. com - September 15 at 10:19 AM. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. Fortinet stock tumbled 16. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. IIPR is an exciting stock that some believe has significant upside. 's ( NYSE:IIPR ) stock may have disappointed. Let's take a closer look at each company. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 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. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. This. 32% loss on the day. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. 1 million, or $1. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 95 per share. 68%) has had a wild year. 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. 1% and Real Estate Select Sector SPDR ETF falling 11. 1% and Real Estate Select Sector SPDR ETF falling 11. Innovative Industrial Properties (IIPR) closed at $74. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. Cannabis stocks have fallen sharply in the past several years. S. This is almost twice the S&P 500. Innovative Industrial Properties ( IIPR 0. 5% in dividends. Find out why IIPR stock is a Hold. By Aaron Missere. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. Summary. 6% off its high. Complete Innovative Industrial Properties Inc. has led Innovative Industrial Properties ( IIPR. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 69 a share. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 75 to $4. 03% move from the prior day. 20 Innovative Industrial Properties, Inc. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. IIPR 72. This lower stock price might have also set up new investors for outsize returns. S. Honestly, stocks like this one really remind me of what Peter Lynch said about. With shares trading at just 10-times earnings, this stock. A bad year for investors in Innovative Industrial Properties ( IIPR -3. PRA stock price and news, along with industry-best analysis. 75 with a high price target of $179. In our opinion, the award seems reasonable. Still, it. 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 ( IIPR -2. 6% to. (Motley Fool) Innovative Industrial Properties, Inc. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. 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. I think it will fall much further as time goes on. Innovative Industrial Properties has a total shareholder equity of $1. The worsening macroeconomics. The S&P 500 fell 1. 13%) has an incredible track record of not only paying but raising its dividend. Read what investors need to know about IIPR here. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. IIPR Stock Valuation. Shares have tumbled 56% year-to-date. During 2021 and year-to-date, IIP did not issue any shares of common stock under its “at-the-market” equity offering program, and as of February 23, 2022, had. If an investor was to purchase shares of IIPR stock at the current price. 05 and $188. 55, moving +1. Despite the challenges, Innovative. Redeem. IIPR paid a quarterly dividend of $1. Currently, IIPR stock offers an attractive forward dividend yield around 9%. In their. I wrote this article myself, and. Hexo Stock Chart. 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. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 6% yield. 87 per diluted share, in Q1. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 47 to $2. yahoo. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 46M beats by $2. 55% move from the previous day. 68 per share on April 14, 2022. 00 and a low price target of $80. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 5%, and it has net margins of 54. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. 75 in the next year. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 84% YTD and -74. Given the current short-term trend, the stock is expected to fall -9. Stock is falling and might fall more. 50 per share on Oct. 7% and that's expected to grow by about 10. 49% — by comparison, the average stock in Dividend Channel's. Summary. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. The stock has traded between $167. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 32, and AFFO rose from $1. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Since our last article, the stock price has declined by as much as 21%. The all time high for this statistic was previously 20. 6% per annum while its annual revenue is expected to grow at 2. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. February 24, 2023 at 9:19 AM · 4 min read. Innovative Industrial Properties (IIPR 0. 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. Over the past year the S&P 500 is down -14. NLCP is not listed on an exchange. This change lagged the S&P 500's daily gain of 1. 42% from the previous closing price of $185. As a result, IIPR’s normalized FFO was $49. 04%. In the latest trading session. This is a business that started from zero only a few years ago. 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. cannabis sector. 48%) are down by more than a third from its peak (in late 2021). May 18, 2023 at 12:00 PM · 4 min read. Today, in the low $90s, the REIT offers a dividend yield of 7. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. The stock was hit by a scathing short-seller report last month. I wrote this article myself, and. Image source: The Motley Fool. That kind of growth rate is similar to what traditional net lease peers report in the. ET after. In 2020, it generated revenue of $117 million. 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. Share your opinion and gain insight from other stock traders and investors. 92% at $100. Its dividend has increased for five straight years as well. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. Today's Range $78. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. Learn more on IIPR's dividend yield history. 8% in late trading Tuesday after closing up 2. The common stock dividends declared for the last twelve months of $7. 24% while IIPR has. IIPR has rewarded shareholders with a rapidly growing dividend. com users lately. Securities. 99. 37%. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. 73 in the next year. 50. 38 in the latest trading session, marking a +0. 14. 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. In addition, the company generated a net income of $11. 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. 1% since its peak in November 2021. 50. After all, over the last three years, the company's. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. The recent King Garden debacle. 01 and. It would not be so easy to call NLCP overvalued at a. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. IIPR stock, innovative industrial properties is a REIT with significant upside potential. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 33% from the previous trading session. These three cannabis stocks could eventually rally to higher highs. (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. Aug 03, 2023, 1:00 p. The cannabis landlord company Cannabis is being legalized steadily across the U. I watched the stock fall from nearly $300 to a. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Among. m. This unique business sits at the corner. Innovative Industrial Properties (IIPR-3. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. But then things turned south. 7% on Friday and is 19. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. The recent price decline of 3. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 13%). Our overall hedge fund sentiment score for IIPR is 59. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. Innovative Industrial Properties has plunged by -31. Wall Street Thinks This 10. Out of . 1%. 20. 00, with a high estimate of 179. 00 per share), 600,000 shares. 00 and a low estimate of. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. 42. 3 million in the 1st quarter of 2019. 2% from the previous closing price of $182. 02, marking a -1. (IIPR) NYSE - NYSE Delayed Price. By Aaron Missere. 00, or 16%, over dividends declared for the prior twelve months. 10%) is. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 50 to low of $46. 00 and the lowest IIPR stock price forecast at $85. The Price and Consensus chart displays the company's stock price along with the consensus estimate. The company is set to announce its earnings results on August 7. 5%. KLH49/iStock via Getty Images. 07, revenue of $76. AFFO came. 14 per share, beating the Zacks. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. 3 million in cash. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. With a yield of 8. 7%Innovative Industrial Properties ( IIPR 0. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. (NYSE: IIPR) a real estate company focused on the U. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 00. 17%). 6% to. Yet, with shares. 7% from the previous trading session. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. So why is Innovative Industrial Properties' stock falling? Investors have a. The stock lost almost 6. IIPR's return is nearly. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. ET. Analysts anticipate more growth. stock was issued. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. The stock outpaced the S&P 500's daily. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. Image source: The Motley Fool. We think falling share prices and deteriorating financials amongst IIPR’s borrowers should cause investors to reprice IIPR’s shares, given the mounting risks to its long-term loan book. 25 $80. 54 $79. 36 $125. 68%) has had a wild year. Sometimes the price moves, both higher and lower, can be dramatic. The stock has traded between $105. 83%) stock has been struggling mightily this year. Although recessionary fears are. There are still. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Morsa Images. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0.