97x and NTM Price/FFO Per Share of 13. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. m. . 15%) At close: 04:00PM EST. Innovative Industrial Properties, Inc. Full. S. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. IIPR has dropped around 20% in the last 12 months, compared to the broader REIT sector, which is up around 3% over the same time. 00, or 16%, over dividends declared for the prior twelve months. Innovative Industrial Properties's earnings are forecast to decline at 0. Summary. Results reflected better-than-expected revenues. 45 per diluted. May. After the change, there still remains approximately $33. Tobacco and alcohol tend to do well in times of recession or. 2% from the previous closing price of $182. 32, marking a +0. Innovative Industrial Properties (IIPR-1. 83%) stock has been struggling mightily this year. 48, or 2. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. is a real estate investment trust. As a REIT, IIPR stock has shown some promising developments. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. They first came onto my radar back in 2020. IIPR's share prices have grown over 1,100% in just five years. Over the past year the S&P 500 is lower by -10. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Near its 52-week low, it's. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 7% to 4,357. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 68%) has had a wild year. So if we consider whether. The market has been avoiding cannabis stocks because of excess supply in. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. 12 per share, beating the Zacks Consensus Estimate of $1. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Currency in. 9% per annum. Wall Street analysts' overly optimistic recommendations cast doubt. The REIT owns a diversified portfolio of properties that cater to cannabis producers. And, if the stock price does fall, the short-seller would profit. 83%) stock gained 4. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. Its stock is still down sharply from its peak, but has also tripled from its nadir at the end of 2022 on signs of an economic rebound and that a deep recession is likely to be averted. 54 $79. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. This. IIPR can go out and issue tons of new stock and pay just 2. has led Innovative Industrial Properties ( IIPR. The consensus among . This development will increase its costs and impact its. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 52%) Q2 2023 Earnings Call. The Dow Jones. Cannabis. 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. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 6% dividend yield. S. I wrote this article myself, and. 17%). Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. Half of the ratings on the mutual fund company are sells. 6% per annum while its annual revenue is expected to grow at 2. 22 to $380. 62 at zenith of its stock price in next year following your. Market Cap. 99 in the latest trading session, marking a -1. Besides, the duo will partner on the development of 324,000. 07, revenue of $76. 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. 68%) has had a wild year. On Jan. 26, up sequentially from $2. 51%) (As of 11/21/2023 ET) Today's Range $79. 00. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. And that's showing up in Innovative. 4% in August, according to data from S&P Global Market Intelligence. In the latest trading session. February 24, 2023 at 9:19 AM · 4 min read. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. I wrote this article myself, and it. 46M beats by $2. 00, with a high estimate of 179. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. This is a business that started from zero only a few years ago. Still, it. 2 analysts, 0 (0%) are recommending IIPR as a Strong Buy, 0 (0%) are recommending IIPR as a Buy, 2 (100%) are recommending IIPR as a Hold, 0 (0%) are recommending IIPR as a Sell, and 0 (0%) are recommending IIPR as a Strong Sell. 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. Shares are offering a tempting 6. 36 $125. m. Currency in USD. 2022. 04%. 28, or 4. Besides, the duo will partner on the development of 324,000. Today's Range $78. 9B and total debt of $300. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 15, your return over the last 6 years would have been 311. More Information. 65 -1. And if a dividend cut does happen, then an even greater sell-off. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 00. 99 $89. Plus the mkt is like a falling knife. 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. The Price and Consensus chart displays the company's stock price along with the consensus estimate. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. The first incredible growth stock you'll be kicking yourself for not buying during the Nasdaq bear market drop is social media company Pinterest (PINS 0. 00 to $179. Innovative Industrial Properties, Inc. 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. Full. 6% in Innovative Industrial Properties, Inc. . Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. At. com users lately. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. On average, they anticipate the company's stock price to reach $109. Also, its 2022 AFFO was $234 million, or $8. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. The. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 9% per annum. There aren't many REITs that fit. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 50. 10 in dividends, for a dividend payout ratio of 84%. Innovative Industrial Properties. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 95 per share. yahoo. Hexo stock has a weak 3 Composite Rating. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 95 so far today. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Prices are already falling and it’s only going to get worse. May 18, 2023 at 12:00 PM · 4 min read. S. 5 million on this revenue, an increase of 248% from net income of $3. 57% move from the prior day. Innovative Industrial Properties Inc (IIPR) stock is down 0. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 30% while IIPR is lower by -52. IIPR shares are down 63% YTD and could fall further if higher. So far 798,498 shares have traded compared to average volume of 464,816. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. The current dividend yield for Innovative Industrial Properties is 8. 6% annually over the next 2 years while the sector's median dividend growth is expected to be only around 8. This change lagged the S&P 500's daily loss of 1. 75 with a high price target of $179. 08% from the previous trading session. (IIPR-0. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. 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. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. (Motley Fool) Innovative Industrial Properties, Inc. (IIPR) stock is trading at $189. 's (NYSE:IIPR) value has dropped 5. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. By Aaron Missere. Learn more on IIPR's dividend yield history. Among. 18, indicating a good swim trunk fit. stock was originally listed at a price of $19. S. Shares now yield 5. In addition, the company generated a net income of $11. 50 to $137. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. This. 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. 5% per year. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. Morsa Images. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 67 (2. Shares have tumbled 56% year-to-date. After all, over the last three years, the company's. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Financial Health criteria checks 4/6. 47 from the previous closing price of $92. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. It operates through the following geographical segments: Arizona, California, Colorado, Florida. . Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. If you had invested in Innovative Industrial Properties stock at $19. Stocks According to . But it also invests in shares of public companies. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 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 the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. In exchange for about $110. Zacks Equity Research. Securities. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. This lower stock price might have also set up new investors for outsize returns. Summary. 1 million in revenue, up 210% from the 1st quarter in 2019. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. T. Volume today is 182,926 compared to average volume of 205,534. 87%, while the broader index S&P. Follow. 1 million, or $1. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. IIPR has since increased its dividend by 2. 80x, respectively. Innovative Industrial Properties, Inc. For example, the recent IIPR share price of $68. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. 6% to. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. The vast. Prices are already falling and it’s only going to get worse. PRA stock price and news, along with industry-best analysis. IIPR bounced up in November 2021, along with the. 02% from the previous closing price of $175. Stock Price Forecast. The. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. The trust's dividend pay-out. Hexo stock has a weak 3 Composite Rating. In detail, IIPR is acquiring approximately 92. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. 83 1. 07 beats by $0. In their. In my opinion, IIPR. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. In this video I talk about what will happen next with IIPR stock a. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. 02%, for an annualized return of 26. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. August 3, 2022 at 7:55 PM · 3 min read. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. Innovative Industrial Properties (IIPR 0. EPS is expected to decline by 1. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. falling by 79%. com - September 15 at 10:19 AM. 4% dividend hike. Find the latest Innovative Industrial Properties, Inc. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. 1% YOY growth in AFFO per share to $2. Read what investors need to know about IIPR here. 68 per share on April 14, 2022. NYSE: IIPR Innovative Industrial Properties. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. Over the last five years, Innovative Industrial Properties ( IIPR 0. View the latest Innovative Industrial Properties Inc. 56% (not including any dividends or dividend reinvestments). This rating change. 78. It had only collected 92. 3% annually. These three cannabis stocks could eventually rally to higher highs. 22, but there could still be a solid upside left in the stock. Over the past year the S&P 500 is down -14. 2. 1% move from the previous day. 47 to $2. So, it is worth exploring what lies ahead for the stock. Share prices are down 30% from November 2021 highs despite the company. 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. com - September 13 at 4:17 AM. IIPR stock fell 1. On average, they are forecasting that the company's top line will rise to $1. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Today, in the low $90s, the REIT offers a dividend yield of 7. 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. 2021 and Feb. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. 4% dividend yield. I/we have no stock,. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. 46M beats by $2. Its total assets and total liabilities are $2. The S&P 500 fell 1. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 83%). The common stock dividends declared for the last twelve months of $7. 00 and the lowest IIPR stock price forecast at $85. 89%. 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. 3% to access that capital. If more cannabis businesses. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. 67 (2. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 5 brokers have issued 12-month price targets for Village Farms International's shares. There are still. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 2020, Jan. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Share your ideas and get valuable insights from the community of like minded traders and investors. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Summary. 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. 36, or -0. 8 — by. 75 to $4. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. Preferred stock, par value $0. 6% in January, according to data provided by S&P. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 30 and could see higher highs. m. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 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. 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. Turning to the calls side of the option chain, the call contract at the $100. 48%), referring to the cannabis company as a "marijuana bank" as. comInnovative Industrial Properties, Inc. The stock is trading at a low price-to. S. 7% and that's expected to grow by about 10. Innovative Industrial Properties, Inc. com - September 13 at 4:17 AM. 13%). In our opinion, the award seems reasonable. The IPO. 51 during the height of the pandemic sell-off; 184 days above $75. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. The stock is down more than 50% from its November 2021 high. 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. The stock prices of its tenants have plunged. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 00. 8% in late trading Tuesday after closing up 2. IIPR 72. 99 and $192. Innovative Industrial Properties (IIPR) $71. Get powerful stock screeners & detailed portfolio analysis. What happened. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. May. Our overall hedge fund sentiment score for IIPR is 59. Key Points. 00, or 16%, Over Prior Twelve Months. 12. 5625 per share of IIP’s 9. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. The average IIPR stock target price of $158 suggests nearly 37% upside potential. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 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. falling by 79%. However, it tumbled further in the past week after the company was targeted by short-seller Blue. Innovative Industrial Properties (IIPR 0. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. IIPR has had tremendous growth as the cannabis industry has grown. According to a filing with the U. These three cannabis stocks could eventually rally to higher highs. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. I wrote this article myself. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. 42. finance. 15. 8% in late trading Tuesday after closing up 2. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid.