It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. Innovative Industrial Properties, Inc. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. ET by Max A. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. It has also. 12. The main competitors of Innovative Industrial Properties include Urban Edge Properties (UE), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Claros Mortgage Trust (CMTG), Forestar Group (FOR), Getty Realty (GTY), Armada Hoffler Properties (AHH), Ellington Financial (EFC), Hudson Pacific Properties (HPP), and FRP. 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. It would not be so easy to call NLCP overvalued at a. 93%), Bank of America, Chevron, and Coca. In fact, since bottoming out in June, the REIT popped from about $64 to $82. 45 per diluted. 32, marking a +0. After all, over the last three years, the company's. 3% from the stock's current price. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. 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. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. The yield sits above 9% after the most recent 5. Currently, IIPR stock offers an attractive forward dividend yield around 9%. com - September 15 at 10:19 AM. February 24, 2023 at 9:19 AM · 4 min read. 32, and AFFO rose from $1. 83% as of 11:57 AM on Friday, Jan 20. finance. IIPR is currently trading at an EV/NTM Revenue of 10. 6% per annum while its annual revenue is expected to grow at 2. m. m. 02% from the previous closing price of $175. Summary. 12. At the. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. Innovative Industrial Properties, Inc. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. Cannabis stocks have fallen sharply in the past several years. 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. yahoo. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 33% from the previous trading session. In my opinion, IIPR. Securities. 26, up sequentially from $2. Innovative Industrial Properties's earnings are forecast to decline at 0. 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. 1 million in revenue, up 210% from the 1st quarter in 2019. 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. 19 TCNNF Trulieve Cannabis $5. 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. Today's Change (7. 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. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 42% from the previous closing price of $185. 72%. 75% move from the prior day. Share prices are down 30% from November 2021 highs despite the company. Shares of Innovative Industrial Properties (IIPR) have gained 0. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Get the latest Innovative Industrial Properties, Inc. 94 SMG Scotts Miracle-Gro $70. 5% at one point this week, according to data from S&P Global Market Intelligence. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 2021 and Feb. Earnings per share increased from $1. 6% yield. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 22 to $380. 56% (not including any dividends or dividend reinvestments). Shares rose as high as 222. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. 51%), the only real estate investment trust. In their. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 5625 per share of IIP’s 9. yahoo. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. 33% as of 3:49 PM on Tuesday, Mar 21. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. (IIPR) NYSE - NYSE. 3%. 77% move from the previous day. 36, or -0. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Innovative Industrial Properties has a total shareholder equity of $1. Its EPS Rating is a worst-possible 1. 4% dividend hike. J. 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. 15 in Dec 1, 2016. 29, or -3. The recent price decline of 3. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. May. 1% on Friday as of 2:24 p. 78. Get the latest Innovative Industrial Properties, Inc. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. 51%) (As of 11/21/2023 ET) Today's Range $79. By buying indoor cultivation space from marijuana companies. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. 13, marking a -1. Find the latest Innovative Industrial Properties, Inc. The company also. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. On average, they predict the company's stock price to reach $2. has led Innovative Industrial Properties ( IIPR. 61 on the stock market today. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 48%) are down by more than a third from its peak (in late 2021). Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. The common stock dividends declared for the last twelve months of $7. Innovative Industrial Properties, Inc. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 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. IIPR has had tremendous growth as the cannabis industry has grown. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. Meanwhile it can turn around and put that money to work getting a 16% annual return. 13%). Wall Street Thinks This 10. 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. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 83%). 4B and $440. P. The stock has traded between $185. Markets, so far on Friday, appeared to take new. Shares are only down 0. Still, the stock's recent pullback is a good buying opportunity for new investors. 46M beats by $2. The recent price decline of 3. 8 per share that represents a 9. com users lately. Hexo has cut jobs and tried to shrink costs and lower its debt burden. By Aaron Missere. 37%. To sweeten the pot even more, it also. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. Learn more on IIPR's analyst rating history. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. 7% on Friday and is 19. Morsa Images. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Redeem. Over the past year the S&P 500 is lower by -12. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 55% move from the previous day. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. View the latest Innovative Industrial Properties Inc. (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. Innovative Industrial Properties's EBIT is $171. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 8M respectively. 5 million on this revenue, an increase of 248% from net income of $3. by Zacks Equity Research Published on October 12,2023. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 79. 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. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. The Price and Consensus chart displays the company's stock price along with the consensus estimate. 54 $79. 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. 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. IIPR is an exciting stock that some believe has significant upside. 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. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Innovative Industrial Properties ( IIPR -2. 38, moving -0. Stocks According to . View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. At the. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. Tilray ( TLRY ): The company is seeing. Innovative Industrial Properties (IIPR) closed at $74. 47 from the previous closing price of $92. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. In detail, IIPR is acquiring approximately 92. Discover historical prices for IIPR stock on Yahoo Finance. 28, or 4. Shares of UnitedHealth Group ( UNH 0. Hexo stock has a weak 3 Composite Rating. T. Share your ideas and get valuable insights from the community of like minded traders and investors. 05 to $1. The stock lost almost 6. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. Mar 19, 2020. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. But the bottom might finally be in for this small-cap REIT. After the change, there still remains approximately $33. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 02%, for an annualized return of 26. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. Down an incredible 61% this year, it has. This change outpaced the S&P 500's 0. Volume today is light. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. I wrote this article myself, and it. These three cannabis stocks could eventually rally to higher highs. 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. I wrote this article myself, and. 91x and 23. Its 2022 revenue of $276 million was up 35% versus 2021. Despite that, we assessed the recent pullback is healthy and. (Motley Fool) Innovative Industrial Properties, Inc. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. ET by Max A. 11% in terms of adjusted FFO per share. Honestly, stocks like this one really remind me of what Peter Lynch said about. 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. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. View real-time IIPR. IIPR has since increased its dividend by 2. NYSE: IIPR Innovative Industrial Properties. 8% so far, to 108. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. 86% move from the previous day. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. IIPR has posted truly impressive growth since it went public back in 2016. m. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. The stock outpaced the S&P 500's daily loss of 0. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Innovative Industrial Properties (IIPR-3. 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. 7%Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Innovative Industrial Properties (IIPR) closed at $74. Follow. 01%. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. So far 798,498 shares have traded compared to average volume of 464,816. Hexo stock has a weak 3 Composite Rating. 05 and $188. 11% while IIPR is lower by -59. Out of . The 28. Innovative Industrial Properties ( IIPR 1. Aug 03, 2023, 1:00 p. 8% of its value on the day. 65 represents a price-to-book ratio of 1. 47% during the next 3 months and, with a 90% probability hold a price between $61. They first came onto my radar back in 2020. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. 10%) were lower by as much as 17. Series A stock information by Barron's. S. 39, moving +1. 35%) stock jumped 14. 4% in August, according to data from S&P Global Market Intelligence. Eric Volkman has no position in any of the stocks mentioned. Shares of UnitedHealth Group ( UNH 0. 17%). So far 111,495 shares have traded compared to average volume of 204,355 shares. 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. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 00 and a low price target of $80. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. 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 is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. Its dividend has increased for five straight years as well. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. The market has been avoiding cannabis stocks because of excess supply in. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 23% while the S&P 500 has gained 1. Zacks Equity Research. Their IIPR share price targets range from $80. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties Inc (IIPR) stock is down 0. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. This change lagged the S&P 500's daily loss of 1. Besides, the duo will partner on the development of 324,000. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. 1 million, or $1. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 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. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. . Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. This lower stock price might have also set up new investors for outsize returns. com - September 13 at 4:17 AM. 00. 75 in the next year. IIPR stock has become an investor favorite recently. IIPR's selloff has continued and shares have nearly been cut in half YTD. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. Today, in the low $90s, the REIT offers a dividend yield of 7. 6% in Innovative Industrial Properties, Inc. 5. 84% YTD and -74. In 2021, IIPR grew revenue by 75% and AFFO. It’s down 7% so far this month, and it’s currently trading at $114. 25 $80. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. As a REIT, IIPR stock has shown some promising developments. 8 — by. 47 from the previous closing price of $92. This change lagged the S&P 500's 1. The average twelve-month price prediction for Innovative Industrial Properties is $109. 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. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. In our opinion, the award seems reasonable. m. This change lagged the S&P 500's daily gain of 0. 58. In the 1st quarter of 2020, IIPR generated $21. If you had invested in Innovative Industrial Properties stock at $19. Innovative Industrial Properties, Inc. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. Innovative Industrial Properties, Inc. 12 on volume of 167,616 shares. At the moment, IIPR is trading at a premium to peers. 01 and. 5%, and it has net margins of 54. Conv. 04%. The vast. 4% dividend. This move outpaced the S&P 500's daily. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. The company's annualized yield currently comes in at 2. Like most other stocks in today's bear market, pessimism surrounding the economy and. Turning to the calls side of the option chain, the call contract at the $100. According to my calculations, there is a growth potential of 22. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 62% ) released solid third-quarter results after the. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 13 buy point from a three-weeks-tight pattern. ET after. 36, or -0. Specifically, Exxon Mobil (NYSE: XOM) is down 5. (IIPR) stock to fall significantly during trading on April 15, 2022. 69 a share. 34 -1. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. 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.