IIPR is lower by -$0. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 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. 92% at $100. 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. Summary. As a REIT, IIPR stock has shown some promising developments. I discuss my thought process for REITs and trying to predict the future based on the past and present. Currently, IIPR stock offers an attractive forward dividend yield around 9%. 15%. 72%. 87%, while the broader index S&P. 07, revenue of $76. 5 million. EPS is expected to decline by 1. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. falling by 79%. 00 strike price has a current bid of $18. Investor FAQs. 37%. I last covered IIPR in August, where I rated the stock a buy on account of the 7. 001 per share, 50,000,000 shares authorized: 9. 05 and $188. Their IIPR share price targets range from $80. IIPR earnings call for the period ending June 30, 2023. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. Given the current short-term trend, the stock is expected to fall -9. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. What happened with shares of IIPR is a feature, not a bug, of the best REITs. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. 12. As these news came out in mid-July, IIPR's stock price has taken a significant hit. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. Hexo has cut jobs and tried to shrink costs and lower its debt burden. . 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. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. If the stock offerings are prudently managed this is a $200. 30 and could see higher highs. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. 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. 15, about 28% more than. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. On average, they anticipate the company's stock price to reach $109. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. Johnson & Johnson. 42. Johnson & Johnson ( JNJ 0. In the last reported quarter, Innovative Industrial delivered a surprise of 7. Complete Innovative Industrial Properties Inc. At the moment, IIPR is trading at a premium to peers. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 4% in August, according to data from S&P Global Market Intelligence. Market Cap. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 2%, while the Industrial REITs industry saw earnings growing at 24. Hexo Stock Chart. The stock is on sale. The worsening macroeconomics. 75 in the latest trading session, marking a -0. The company's annualized yield currently comes in at 2. A submerged stock price doesn't necessarily mean a company is a bargain, however. I think it will fall much further as time goes on. 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. With the broader market falling, cannabis stocks took a bigger hit in 2022 due to the lack of progress toward federal legalization in the U. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 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. Still, the stock's recent pullback is a good buying opportunity for new investors. Innovative Industrial Properties, Inc. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. Meanwhile,. Mar 19, 2020. 05 to $1. . The Motley Fool. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Securities. 48%) are down by more than a third from its peak (in late 2021). Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 5625 per share of IIP’s 9. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. Shares now yield 5. 10%) were lower by as much as 17. Tilray ( TLRY ): The company is seeing. 6% off its high. In my opinion, IIPR. Like most other stocks in today's bear market, pessimism surrounding the economy and. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Summary. Innovative Industrial Properties ( IIPR -2. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. This means. IIPR is the largest player in the cannabis REIT space, and is a potentially good investment opportunity due to its high yield and low valuation, with risks already priced in. S. Shares are dirt cheap at a price/FFO of 10. 18% move from the prior day. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. comInnovative Industrial Properties, Inc. Equity REITs trade as a whole. 00 stock in one year. 89%. 80%) collapsed by more than 14. 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. Like most other stocks in today's bear market, pessimism surrounding the economy and. Sep. 01 in the past 12. If you had invested in Innovative Industrial Properties stock at $19. S. Over the past year the S&P 500 is down -14. The all time high for this statistic was previously 20. 14. Innovative Industrial Properties, Inc. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. S. 51%) (As of 11/21/2023 ET) Today's Range $79. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. 7% in the last week insiders who sold US$6. is a real estate investment trust. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. Innovative Industrial Properties (IIPR 0. IIPR stock has become an investor favorite recently. 00 per share), 600,000 shares. 82% move from the prior day. But the bottom might finally be in for this small-cap REIT. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. This unique business sits at the corner. 00, with the highest IIPR stock price forecast at $95. S. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. This development will increase its costs and impact its. 68%) has had a wild year. The stock outpaced the S&P 500's daily. 02, marking a -1. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. is a real estate investment trust. 34 52-Week Range $63. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. On average, they are forecasting that the company's top line will rise to $1. m. There are still. 1% YOY growth in AFFO per share to $2. Stocks: Real-time U. 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. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. 75% move from the prior day. In 2021, IIPR grew revenue by 75% and AFFO. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. S. In detail, IIPR is acquiring approximately 92. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 3% annually. Innovative Industrial Properties ( IIPR 0. On average, they predict the company's stock price to reach $2. On this news, the price of IIPR stock fell more than 7% to close at $169. Shares of Innovative Industrial Properties (IIPR-1. Despite the challenges, Innovative. 5% this week, after issuing shares and reporting a capital markets update. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. These three cannabis stocks could eventually rally to higher highs. 3% from the stock's current price. International. Summary. 3% from the stock's current price. 15%. 26, 2020 at 4:29 p. According to a filing with the U. 99 $89. The stock pays a dividend, currently with a forward yield of nearly 0. 25. 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. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 14 per share, beating the Zacks. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. The trust's dividend pay-out. IIPR has made the most of its early to-market position. Despite that, we assessed the recent pullback is healthy and. Summary. However, it tumbled further in the past week after the company was targeted by short-seller Blue. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Strong dividend paying companies in the US market. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 15, your return over the last 6 years would have been 311. 22 to $380. Data by YCharts. com users lately. 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. m. The cannabis landlord company Cannabis is being legalized steadily across the U. 8M respectively. View the latest Innovative Industrial Properties Inc. 20. Eric Volkman has no position in any of the stocks mentioned. 04. Besides, the duo will partner on the development of 324,000. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 75 a share -- giving the stock a dividend yield of 5. May. As a result, IIPR’s normalized FFO was $49. Image source: The Motley Fool. This lower stock price might have also set up new investors for outsize returns. 7%Innovative Industrial Properties (IIPR) closed at $197. However, short sellers have. Innovative Industrial Properties (IIPR-3. P/AFFO by year. Full. Innovative Industrial Properties (IIPR 0. NYSE: IIPR Innovative Industrial Properties. 15. IIPR shares are down 63% YTD and could fall further if higher. P. Innovative Industrial Properties Inc (IIPR) stock is down 0. This suggests a possible upside of 228. This development will increase its costs and impact its. 4% dividend hike. cannabis. 00, the stock is currently trading with a (forward) P/AFFO of 22. 04%. This change lagged the S&P 500's daily gain of 0. 18, Innovative Industrial Properties ( IIPR 3. 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. 44 so far today. 69 (business) days IIPR was below $79. Get the latest Innovative Industrial Properties, Inc. 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. . 2% from the previous closing price of $182. (Motley Fool) Innovative Industrial Properties, Inc. 51%), the only real estate investment trust. 48 so far today. 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. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. Still, it. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Shares of Innovative Industrial Properties (IIPR) have gained 0. But IIPR is no longer the only publicly traded REIT in the medical marijuana. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 00 to $179. (IIPR) stock is trading at $189. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. Innovative Industrial Properties, Inc. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. Also, its 2022 AFFO was $234 million, or $8. 75 in the next year. Currency in. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. IIPR is an exciting stock that some believe has significant upside. 24% while IIPR has. 6% in Innovative Industrial Properties, Inc. 94MStock Price Forecast. 00. The recent price decline of 3. 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. The recent price decline of 3. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. 45 per diluted. 1% and Real Estate Select Sector SPDR ETF falling 11. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 00, or 16%, Over Prior Twelve Months. Today's Change (-1. 2021 and Feb. As a REIT, IIPR stock has shown some promising developments. 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. 8%. Results reflected better-than-expected revenues. Mar 19, 2020. Even if. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. And if a dividend cut does happen, then an even greater sell-off. Over the past year the S&P 500 is lower by -10. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. The stock is on sale. 1% yield is indeed a reward for investors seeking the highest income potential. 38%), it's easy to get complacent. 12. IIPR's share prices have grown over 1,100% in just five years. I wrote this article myself. 8% so far, to 108. 83%) stock has been struggling mightily this year. Securities. Innovative Industrial Properties (IIPR-1. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. This compares to FFO of [email protected] on volume of 167,616 shares. I expect the IIPR stock price to move higher after months of falling. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 9. 15 per Common Share Declared in Last Twelve Months, Up $1. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. The stock outpaced the S&P 500's daily loss of 0. Analysts anticipate more growth. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Read more to see why NLCP stock is my top pick for 2023. Innovative Industrial Properties, Inc. With a yield of 8. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. Innovative Industrial Properties ( IIPR 6. Volume today is 182,926 compared to average volume of 205,534. 15 in Dec 1, 2016. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 000000; an Industry Subrating of Low; a. In addition, the company generated a net income of $11. Sometimes the price moves, both higher and lower, can be dramatic. In their. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 1 million in revenue, up 210% from the 1st quarter in 2019. By Aaron Missere. Wall Street Thinks This 10. 5. 7% to 4,357. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 13, marking a -1. 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. 9% per annum. Lemonade is a one-time fintech wonder that has fallen on hard times of late. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Innovative Industrial Properties distributed $1. 77% move from the previous day. The average twelve-month price prediction for Innovative Industrial Properties is $109. 00, with a high estimate of 179. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. (IIPR) stock to fall significantly during trading on April 15, 2022. 55, moving +1. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 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. 33% as of 3:49 PM on Tuesday, Mar 21. No other REIT could come close to this. At. 58. The stock lost almost 6. Check out why I'm neutral on IIPR stock. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. So far 798,498 shares have traded compared to average volume of 464,816. 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%. Stock Price Forecast. 00 +3. The S&P 500 index returned 3% last month. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Innovative Industrial Properties's EBIT is $171. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 84% YTD and -74. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. $2B. The stock has traded between $167. But it also invests in shares of public companies. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. 1%, which is absurd when you consider the dividend growth track record and potential future. IIPR paid a quarterly dividend of $1. (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. As a result, IIPR’s normalized FFO was $49. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. Today's Range $78. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Innovative Industrial Properties's earnings are forecast to decline at 0. Share your opinion and gain insight from other stock traders and investors. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. 83 1. The stock has traded between $181. 19 TCNNF Trulieve Cannabis $5. 33% from the previous trading session. 79. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. 42. 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. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six.