Image source: The Motley Fool. 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. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. The common stock dividends declared for the last twelve months of $7. 92% at $100. 7%, and it occasionally disburses special dividends to return excess cash to investors. 00% Series A Cumulative. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. Their VFF share price targets range from $1. 73 in the next year. 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. 6% in January, according to data provided by S&P. Half of the ratings on the mutual fund company are sells. 75 in the latest trading session, marking a -0. J. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. 82% move from the prior day. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. (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. That kind of growth rate is similar to what traditional net lease peers report in the. 39, moving +1. 34 52-Week Range $63. 6% dividend yield. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . IIPR has plunged by -31. m. 6% to. The stock's a buy even with slower growth. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. Data by YCharts. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 07, revenue of $76. The stock outpaced the S&P 500's daily loss of 0. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Cannabis. 000000; an Industry Subrating of Low; a. In our opinion, the award seems reasonable. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 01%. 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. Innovative Industrial Properties, Inc. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Innovative Industrial Properties has plunged by -31. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 42. Its EPS Rating is a worst-possible 1. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 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. 14. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Find the latest Innovative Industrial Properties, Inc. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. 5% loss. 8% in late trading Tuesday after closing up 2. The company is set to announce its earnings results on August 7. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. As of June 30, 2022, we owned 111 properties comprising an. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. 6% in Innovative Industrial Properties, Inc. 95 so far today. If you had invested in Innovative Industrial Properties stock at $19. But then things turned south. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry WHY IIPR WAS FORMED Specialized Real Estate U. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 14(0. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. As a result of the defaults, IIPR stock is down more than 20% since mid-January. Innovative Industrial Properties (IIPR) $71. Innovative Industrial Properties (IIPR 0. Volume today is 182,926 compared to average volume of 205,534. 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. Still, it. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. That translates into around 50% growth per year, essentially doubling the current share price of $186. S. So why is Innovative Industrial Properties' stock falling? Investors have a. 42% from the previous closing price of $185. IIPR's share prices have grown over 1,100% in just five years. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 62 at zenith of its stock price in next year following your. Lemonade is a one-time fintech wonder that has fallen on hard times of late. In the 1st quarter of 2020, IIPR generated $21. 02% from the previous closing price of $175. 99 $89. This move outpaced the S&P 500's daily. 36 $125. 7% from the previous trading session. 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. The stock prices of its tenants have plunged. 38, moving -0. 28 in the latest trading session, marking a -1. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. Wall Street Thinks This 10. 54%. The stock has traded between $181. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. Find the latest Innovative Industrial Properties, Inc. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Innovative Industrial Properties ( IIPR 0. 4. 5 million on this revenue, an increase of 248% from net income of $3. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. Join the Conversation! Build your trading network; Follow your favorite assets. IIPR's selloff has continued and shares have nearly been cut in half YTD. More Information. 90 -0. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. A submerged stock price doesn't necessarily mean a company is a bargain, however. 01 and. 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. 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. 02%, for an annualized return of 26. 58. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. 86% move from the previous day. IIPR Innovative Industrial Properties $75. 20. This development will increase its costs and impact its. But IIPR is no longer the only publicly traded REIT in the medical marijuana. 4% in August, according to data from S&P Global Market Intelligence. The analyst also reduced the stock's price target from $24. S. 95 per share. 80 per share, reflecting an increase of 25% over dividends. NYSE: IIPR Innovative Industrial Properties. IIPR is an exciting stock that some believe has significant upside. Stock is falling and might fall more. 46M beats by $2. falling by 79%. 48, or 2. Over the last four quarters. ET by Max A. 84% YTD and -74. Aug 03, 2023, 1:00 p. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. (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. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. Wall Street analysts' overly optimistic recommendations cast doubt. If an investor was to purchase shares of IIPR stock at the current price. May 4, 2023 at 12:00 PM · 4 min read. For example, the recent IIPR share price of $68. Innovative Industrial Properties (IIPR-1. 18 on volume of 249,380 shares. Investors frequently choose between dividend growth and current income, but. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. com - September 15 at 10:19 AM. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 5. 11% in terms of adjusted FFO per share. Innovative Industrial Properties (IIPR-1. 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. This suggests a possible upside of 38. Securities. Like I said, the all-time high for the IIPR stock was at around $300 and they are currently trading at about $89 which is a roughly 70% drop! Plus, it looks like the stock has established a bottom at around $90 although the lowest support I can see is at about $68. cannabis. 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. Innovative Industrial Properties ( IIPR 1. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 47 from the previous closing price of $92. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. Innovative Industrial Properties (IIPR-3. 46%. Innovative Industrial Properties (IIPR) last ex-dividend date was on Sep 28, 2023. Today's Change (-1. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 72%. 9% per annum. The stock is trading at a low price-to-earnings ratio and offers a dividend yield above 6%, but the cannabis industry is not immune to volatility. 5 brokers have issued 12-month price targets for Village Farms International's shares. 06 from the previous closing price of $92. Summary. 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. Full. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. The Motley Fool. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Complete Innovative Industrial Properties Inc. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. 24%) ranked as one of the hottest cannabis stocks in the industry. Q1 2023 Cash Dividend of $1. The. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. I wrote this article myself, and. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. Innovative Industrial Properties, Inc. 48 so far today. 26, 2020 at 4:29 p. Zacks Equity Research. 38 in the latest trading session, marking a +0. Innovative Industrial Properties, Inc. Although recessionary fears are. Mike Tyson will be joining our lineup in our Cannabis Event. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. Innovative Industrial Properties's earnings are forecast to decline at 0. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. 52%) and AFC Gamma (AFCG-0. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. IIPR is down over 30% from its peak. S. Share your ideas and get valuable insights from the community of like minded traders and investors. Fortinet stock tumbled 16. 02. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties, Inc. What happened with shares of IIPR is a feature, not a bug, of the best REITs. 33% as of 3:49 PM on Tuesday, Mar 21. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. This lower stock price might have also set up new investors for outsize returns. Over the past year the S&P 500 is lower by -10. Earnings per share increased from $1. Innovative Industrial Properties, Inc. Our overall hedge fund sentiment score for IIPR is 59. 44 so far today. Currently, IIPR stock offers an attractive forward dividend yield around 9%. May 18, 2023 at 12:00 PM · 4 min read. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Innovative Industrial Properties ( IIPR 6. 00 and a low estimate of. Morsa Images. 54 $79. 6% per annum while its annual revenue is expected to grow at 2. Innovative Industrial Properties (IIPR) $71. Meanwhile it can turn around and put that money to work getting a 16% annual return. IIPR 72. Prices are already falling and it’s only going to get worse. Sometimes the price moves, both higher and lower, can be dramatic. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 62% ) released solid third-quarter results after the. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 73%) Q2 2023 Earnings Call. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. Equity REITs trade as a whole. ET. 12. 7% to 4,357. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. 18, Innovative Industrial Properties ( IIPR 3. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Stock Price Forecast. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. 75 +0. What happened. Learn more on IIPR's analyst rating history. 25 $80. 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. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 05 and $188. After all, over the last three years, the company's. 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. 75 in the next year. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 68 per share on April 14, 2022. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 75 -2. 83%), which owns marijuana-related assets, fell a sharp 16% in the. 2. 32 in the latest trading session, marking a +0. 13 buy point from a three-weeks-tight pattern. Innovative Industrial Properties distributed $1. 52%) Q2 2023 Earnings Call. 9. International. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. 6% per annum while its annual revenue is expected to grow at 2. The market has been avoiding cannabis stocks because of excess supply in. ". 55% move from the previous day. Rowe Price is another S&P 500 stock analysts are flagging investors away from. 7. The recent price decline of 3. Kimbell Royalty Partners (KRP) Dividend Yield: 9. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. In this video I talk about what will happen next with IIPR stock a. Share your opinion and gain insight from other stock traders and investors. 11% while IIPR is lower by -59. ET. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 02 Innovative Industrial Properties FFO of $2. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. The yield sits above 9% after the most recent 5. 35%) stock jumped 14. (Motley Fool) Innovative Industrial Properties, Inc. 3% from the stock's current price. August 3, 2022 at 7:55 PM · 3 min read. Besides, the duo will partner on the development of 324,000. 5% in dividends. 3% to access that capital. This represents a significant discount to where U. Summary. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Hexo Stock Chart. So if we consider whether. In exchange for about $110. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 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. Despite that, we assessed the recent pullback is healthy and. Sep. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 45 per diluted. 80x, respectively. 8% in late trading Tuesday after closing up 2. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. 00, with the highest IIPR stock price forecast at $95. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. The stock still fell on the news and drifted lower again in June. 1% and Real Estate Select Sector SPDR ETF falling 11. , especially for. Innovative Industrial Properties's earnings are forecast to decline at 0. Shares of Innovative Industrial Properties (IIPR-1. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 00 +3. 42. The company also. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. The stock is on sale. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. The recent King Garden debacle. 00. 73, posting its worst daily performance since May 12. 4% dividend hike. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. Even if. Market Cap. Innovative Industrial Properties, Inc. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Innovative Industrial Properties (IIPR) closed at $88. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. During this time, the REIT tumbled from around $240 per share to as. The company's annualized yield currently comes in at 2. 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. is a real estate investment trust. I discuss my thought process for REITs and trying to predict the future based on the past and present. In the last reported quarter, Innovative Industrial delivered a surprise of 7. 19 TCNNF Trulieve Cannabis $5. 81K Follower s Summary Similar to MPW, IIPR continues to face. However, it tumbled further in the past week after the company was targeted by short-seller Blue. P/AFFO by year. Find out why IIPR stock is a Hold. 18, indicating a good swim trunk fit. 20. 36, or -0. 4% on the day. m. But the bottom might finally be in for this small-cap REIT. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. by Zacks Equity Research Published on October 12,2023. 7x price/FFO. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Strong dividend paying companies in the US market. IIPR Innovative Industrial is falling or rising technical reasons . 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. EPS is expected to decline by 1. IIPR TTM Dividend yield % consensus estimates (S&P Cap IQ) As a result, its forward dividend yields continue to look highly attractive, given the security of its payout ratios, within management's. 0 and an annual dividend yield of 10. Stocks According to . 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. 18. PRA stock price and news, along with industry-best analysis. The stock lost almost 6. But the bottom might finally be in for this small-cap REIT.