The stock pays a dividend, currently with a forward yield of nearly 0. 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. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. ET by Max A. However, short sellers have. m. This. No other REIT could come close to this. Innovative Industrial Properties (IIPR-1. 06 billion this year, to be followed by a leap to $1. In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. 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. IIPR data by YCharts. 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. The stock outpaced the S&P 500's daily loss of 0. 16 billion for 2024. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 95 so far today. Get the latest Innovative Industrial Properties, Inc. IIPR's selloff has continued and shares have nearly been cut in half YTD. Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties's earnings are forecast to decline at 0. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Innovative Industrial Properties, Inc. Shares are dirt cheap at a price/FFO of 10. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 5% per year. (IIPR) 22 Comments Juxtaposed Ideas 8. Get powerful stock screeners & detailed portfolio analysis. The Motley Fool. 001 per share, 50,000,000 shares authorized: 9. com - September 13 at 4:17 AM. T. 37 50-Day Range $69. 18, Innovative Industrial Properties ( IIPR 3. The stock still fell on the news and drifted lower again in June. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. The company also. Summary. So if we consider whether. 84% YTD and -74. 75 to $4. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. ” The news caused Industrial Properties, Inc. The stock's a buy even with slower growth. 4. IIPR can go out and issue tons of new stock and pay just 2. Complete Innovative Industrial Properties Inc. has led Innovative Industrial Properties ( IIPR. 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. 51%) (As of 11/21/2023 ET) Today's Range $79. 56. A submerged stock price doesn't necessarily mean a company is a bargain, however. Summary. (IIPR) 13 Comments Blake Downer 1. 8M respectively. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. And, if the stock price does fall, the short-seller would profit. Although recessionary fears are. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. For example, the recent IIPR share price of $68. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. 12 per share, beating the Zacks Consensus Estimate of $1. S. 8% of its value on the day. Innovative Industrial Properties's return on equity is 8. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. IIPR earned $5. 1%. 6% to. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 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. 00, with a high estimate of 179. Innovative Industrial Properties, Inc. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 19 TCNNF Trulieve Cannabis $5. 36, or -0. Like most other stocks in today's bear market, pessimism surrounding the economy and. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. Check out why I'm neutral on IIPR stock. 18. 12. Meanwhile, in early spring it raised. Tobacco and alcohol tend to do well in times of recession or. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 7% and that's expected to grow by about 10. 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. 48K Follower s Summary Innovative Industrial Properties enjoys rising. So, it is worth exploring what lies ahead for the stock. 07, revenue of $76. This rating change. It would not be so easy to call NLCP overvalued at a. Innovative Industrial Properties ( IIPR 0. Since our last article, the stock price has declined by as much as 21%. Our overall hedge fund sentiment score for IIPR is 59. 07% move from the prior day. 15. So why is Innovative Industrial Properties' stock falling? Investors have a. 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. 25 $80. is a real estate investment trust. 2. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. The safety that IIP's stock once offered investors is long gone. 05 and $188. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. 80%) looks like a promising stock to buy. 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. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 9% Cum. 32 (+7. Innovative Industrial Properties (IIPR) closed at $74. 1% since its peak in November 2021. Kimbell Royalty Partners (KRP) Dividend Yield: 9. So what. 8% in late trading Tuesday after closing up 2. 6% in January, according to data provided by S&P. The S&P 500 fell 1. In this video I talk about what will happen next with IIPR stock a. S. IIPR is lower by -$0. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 15%) $5. 02%, for an annualized return of 26. 's ( NYSE:IIPR ) stock may have disappointed. Over the past year the S&P 500 is lower by -10. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 68%) has had a wild year. 7% on Friday and is 19. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 00 +3. Among. 7%, and it occasionally disburses special dividends to return excess cash to investors. The company in April. 15, your return over the last 6 years would have been 311. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 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. 44 and paid out $7. 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. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. In the latest trading session. Summary. 73%. This change lagged the S&P 500's 1. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. These three cannabis stocks could eventually rally to higher highs. 42. A stock is considered to be oversold if the RSI reading falls below 30. 2% from the previous closing price of $182. At the. com - September 15 at 10:19 AM. 22 (-1. Its 2022 revenue of $276 million was up 35% versus 2021. Wall Street Thinks This 10. The payout, in the meantime, has ballooned into double digits. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR 0. The company's annualized yield currently comes in at 2. Innovative Industrial Properties, Inc. 44 so far today. 5% per year. 6% in Innovative Industrial Properties, Inc. 86% from the previous closing price of $88. So far 111,495 shares have traded compared to average volume of 204,355 shares. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 69 a share. 2m worth of stock in the past 12 months have had less success. 13 buy point from a three-weeks-tight pattern. NYSE: IIPR Innovative Industrial Properties. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 6% in January, according to. 22, but there could still be a solid upside left in the stock. 00. 83 1. On average, they anticipate the company's stock price to reach $109. 72%. 87 per diluted share, in Q1. falling by 79%. 97x and NTM Price/FFO Per Share of 13. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. 00. In 2020, it generated revenue of $117 million. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 2021 and Feb. In this video I talk about what will happen next with IIPR stock a. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. Currently, IIPR stock offers an attractive forward dividend yield around 9%. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. View real-time IIPR. 18 on volume of 249,380 shares. . 30 so far today. Future criteria checks 0/6. Read what investors need to know about IIPR here. This means. The payout, in the meantime, has ballooned into double digits. 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. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. Innovative Industrial Properties, Inc. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 02. 47 from the previous closing price of $92. Innovative Industrial Properties (IIPR-3. 14. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . 7 attached. As one of the leading owners of industrial real estate leased to state. 95 per share. In the 1st quarter of 2020, IIPR generated $21. The safety that IIP's stock once offered investors is long gone. Still, it. 83%) stock has been struggling mightily this year. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. They first came onto my radar back in 2020. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. In the latest trading session. 73, posting its worst daily performance since May 12. At the time of this writing, the company has 60 consecutive years. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 83%). (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. 1% and Real Estate Select Sector SPDR ETF falling 11. Future criteria checks 0/6. Volume today is light. (Motley Fool) Innovative Industrial Properties, Inc. 29, or -3. 5% at one point this week, according to data from S&P Global Market Intelligence. 02 Innovative Industrial Properties FFO of $2. And if a dividend cut does happen, then an even greater sell-off. This change outpaced the S&P 500's 0. 00 strike price has a current bid of $18. (IIPR) stock news and headlines to help you in your trading and investing decisions. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 83%) does, its strongest advantages, and its biggest weaknesses. S. 2W 10W 9M. I wrote this article myself, and it expresses my. 18% move from the prior day. The stock fell as much as 17. 55, moving +1. 26, up sequentially from $2. Half of the ratings on the mutual fund company are sells. The consensus among . Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Innovative Industrial Properties. Also, its 2022 AFFO was $234 million, or $8. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. IIPR has rewarded shareholders with a rapidly growing dividend. 91x and 23. Mar 19, 2020. 8 — by. 94%. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 5 million. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. (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. ET by Max A. May 4, 2023 at 12:00 PM · 4 min read. 82% move from the prior day. The recent price decline of 3. The vast. Tilray ( TLRY ): The company is seeing. The stock is on sale. KLH49/iStock via Getty Images. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. IIPR shares are down 63% YTD and could fall further if higher. 8M making its interest coverage ratio. There aren't many REITs that fit. This lower stock price might have also set up new investors for outsize returns. 95 per share. Share prices are down 30% from November 2021 highs despite the company. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 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. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 67 (2. To sweeten the pot even more, it also. . IIPR's shares are down more than 66% this year. 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. 11% in terms of adjusted FFO per share. 83%), which owns marijuana-related assets, fell a sharp 16% in the. 39, moving +1. Shares of UnitedHealth Group ( UNH 0. This compares to FFO of [email protected] on volume of 167,616 shares. 1%, which is absurd when you consider the dividend growth track record and potential future. Join the Conversation! Build your trading network; Follow your favorite assets. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Share your ideas and get valuable insights from the community of like minded traders and investors. 48 so far today. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Innovative Industrial Properties ( IIPR -2. That translates into around 50% growth per year, essentially doubling the current share price of $186. Currency in USD. This represents a significant discount to where U. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. finance. 5M, which brings its debt-to-equity ratio to 15. m. Prices are already falling and it’s only going to get worse. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 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. . 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. 07 beats by $0. 6% per annum while its annual revenue is expected to grow at 2. On average, they are forecasting that the company's top line will rise to $1. Innovative Industrial Properties's EBIT is $171. The recent price decline of 3. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. S. Cannabis. 36, or -0. 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, Inc. International. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. The analyst also reduced the stock's price target from $24. 8% in late trading Tuesday after closing up 2. IIPR stock fell 1. Investor FAQs. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. Aug 03, 2023, 1:00 p. The common stock dividends declared for the last twelve months of $7. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. Zacks Equity Research. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Shares are only down 0. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Summary. Today's Change (-1. 15%. (IIPR) stock news and headlines to help you in your trading and investing decisions. 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. S. 10%) is. 37%. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. 54. ET by Max A. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. Financial Health criteria checks 4/6. (IIPR) NYSE - NYSE Delayed Price. 09 on volume of 513,934 shares. At the moment, IIPR is trading at a premium to peers. 00, with the highest IIPR stock price forecast at $95. I expect the IIPR stock price to move higher after months of falling. 54%. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 4% dividend hike. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. According to a filing with the U. 11% while IIPR is lower by -59. This change lagged the S&P 500's daily gain of 1. IIPR is currently trading at an EV/NTM Revenue of 10. 13, marking a -1. 5625 per share of IIP’s 9. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. This move outpaced the S&P 500's daily. 01%.