Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. So far 111,495 shares have traded compared to average volume of 204,355 shares. 75% move from the prior day. The recent price decline of 3. 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. I wrote this article myself. In their. 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. 13 buy point from a three-weeks-tight pattern. 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. Hexo stock has a weak 3 Composite Rating. 57% move from the prior day. Share prices are down 30% from November 2021 highs despite the company. 20. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. Securities. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. m. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. ” The news caused Industrial Properties, Inc. 16 billion for 2024. 99. ET by Max A. 3% to close at 52. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 38%), it's easy to get complacent. Image source: The Motley Fool. Market Cap. 6% in Innovative Industrial Properties, Inc. (NYSE:IIPR) is not the least popular stock in this group but hedge fund interest is still below average. 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. Zacks Equity Research. (IIPR) NYSE - NYSE Delayed Price. Innovative Industrial Properties, Inc. Here's why the stock's a winner that you might regret not buying more of when you had the chance. 15 per common share represent an increase of $1. January 14, 2023 at 5:00 AM · 3 min read. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. A submerged stock price doesn't necessarily mean a company is a bargain, however. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Hexo Stock Chart. 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. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Innovative Industrial Properties, Inc. IIPR's selloff has continued and shares have nearly been cut in half YTD. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Sometimes the price moves, both higher and lower, can be dramatic. Their VFF share price targets range from $1. 15 in Dec 1, 2016. if you shorted IIPR on 4/18/22 for about $163 SH. 18. 37%. 80%) collapsed by more than 14. Tilray ( TLRY ): The company is seeing. At. Based on its current numbers, IIP looks like. 34 52-Week Range $63. Our overall hedge fund sentiment score for IIPR is 59. 5 million on this revenue, an increase of 248% from net income of $3. The common stock dividends declared for the last twelve months of $7. And make no. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Market Cap. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. yahoo. IIPR earned $5. EPS is expected to decline by 1. On average, they anticipate the company's stock price to reach $109. These three cannabis stocks could eventually rally to higher highs. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. IIPR data by YCharts. IIPR has made the most of its early to-market position. 8 — by. By Aaron Missere. Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. Currency in. 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. 07% move from the prior day. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. NYSE: IIPR Innovative Industrial Properties. Find the latest Innovative Industrial Properties, Inc. Tobacco and alcohol tend to do well in times of recession or. 95 per share. Shares of UnitedHealth Group ( UNH 0. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 44%, not including the 9. Prices are already falling and it’s only going to get worse. By buying indoor cultivation space from marijuana companies. That translates into around 50% growth per year, essentially doubling the current share price of $186. m. Innovative Industrial Properties, Inc. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. 15%. The all time high for this statistic was previously 20. 1M. ET. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 42. Earnings per share increased from $1. 4% dividend hike. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. So far 798,498 shares have traded compared to average volume of 464,816. 26. Innovative Industrial Properties ( IIPR 6. 001 per share, 50,000,000 shares authorized: 9. 15%) At close: 04:00PM EST. 12 per share, beating the Zacks Consensus Estimate of $1. 10%) is. ET after. by Zacks Equity Research Published on October 12,2023. com - September 15 at 10:19 AM. With a yield of 8. And if a dividend cut does happen, then an even greater sell-off. 99 $89. 11% while IIPR is lower by -59. com users lately. 7% from the previous trading session. IIPR has since increased its dividend by 2. In the 1st quarter of 2020, IIPR generated $21. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. Shares of Innovative Industrial Properties (IIPR) have gained 0. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. 15. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. 25 $80. This change lagged the S&P 500's daily loss of 1. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. As a result, IIPR’s normalized FFO was $49. 's stock may have disappointed insiders who bought US$192k worth of shares at an. The stock outpaced the S&P 500's daily. 51%), the only real estate investment trust. 39, moving +1. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 6% to. The company in April. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 35%) stock jumped 14. Innovative Industrial Properties has a total shareholder equity of $1. 2W 10W 9M. Full. Its 2022 revenue of $276 million was up 35% versus 2021. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. The share price for Innovative Industrial Properties ( IIPR -3. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. 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. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 52%) and AFC Gamma (AFCG-0. ". 2% from the previous closing price of $182. It would not be so easy to call NLCP overvalued at a. 4% in August, according to data from S&P Global Market Intelligence. Let's take a closer look at each company. Innovative Industrial Properties ( IIPR 0. 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. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. IIPR stock fell 1. IIPR: Raising target price to $104. IIPR earned $5. 's (NYSE:IIPR) value has dropped 5. This represents a significant discount to where U. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 97x and NTM Price/FFO Per Share of 13. Join the Conversation! Build your trading network; Follow your favorite assets. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Elsewhere. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. J. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 51 during the height of the pandemic sell-off; 184 days above $75. 94 SMG Scotts Miracle-Gro $70. IIPR has fallen -$0. 08 intraday, briefly clearing a 221. 8% in late trading Tuesday after closing up 2. 75 a share -- giving the stock a dividend yield of 5. 000000; an Industry Subrating of Low; a. On Jan. S. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . P. 7 attached. 32 (+7. 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. S. The stock has traded between $185. S. 50. 11% in terms of adjusted FFO per share. 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. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. Volume today is light. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. kmatija. 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. (IIPR-0. 27, moving +0. 20 Innovative Industrial Properties, Inc. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Mike Tyson will be joining our lineup in our Cannabis Event. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. 46%. (IIPR) stock to fall significantly during trading on April 15, 2022. Innovative Industrial Properties (IIPR-3. Future criteria checks 0/6. 07 beats by $0. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. On average, they predict the company's stock price to reach $2. February 24, 2023 at 9:19 AM · 4 min read. Like most other stocks in today's bear market, pessimism surrounding the economy and. 8% in late trading Tuesday after closing up 2. 58. 52%) Q2 2023 Earnings Call. The stock has traded between $181. 47% during the next 3 months and, with a 90% probability hold a price between $61. 00, or 16%, over dividends declared for the prior twelve months. Over the past year the S&P 500 is down -14. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 86% from the previous closing price of $88. May 18, 2023 at 12:00 PM · 4 min read. 7%-Yielding Dividend Stock Could Soar 68%. The stock prices of its tenants have plunged. So if we consider whether. Since our last article, the stock price has declined by as much as 21%. 36, or -0. View the latest Innovative Industrial Properties Inc. Despite the fact that Innovative Industrial Properties, Inc. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 75 in the next year. 55, moving +1. Hexo stock has a weak 3 Composite Rating. Follow. com - September 13 at 4:17 AM. The stock is on sale. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. falling by 79%. 5. There are still. The stock has traded between $105. 83%), which owns marijuana-related assets, fell a sharp 16% in the. Its dividend has increased for five straight years as well. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. The consensus among . The stock is trading at a low price-to. Conv. 67 (2. Its EPS Rating is a worst-possible 1. In this video I talk about what will happen next with IIPR stock a. 28 in the latest trading session, marking a -1. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 38 Volume 166,850 shs Average Volume 293,799 shs Market. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. 84% YTD and -74. Unlike competitors, Innovative Industrial Properties has a competitive moat. 6% off its high. According to a filing with the U. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 87 per diluted share, in Q1. (IIPR) 13 Comments Blake Downer 1. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. IIPR stock has become an investor favorite recently. Innovative Industrial Properties (IIPR) closed at $74. IIPR has had tremendous growth as the cannabis industry has grown. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. Besides, the duo will partner on the development of 324,000. 00, with the highest IIPR stock price forecast at $95. Innovative Industrial Properties (IIPR-3. Meanwhile,. IIPR has posted truly impressive growth since it went public back in 2016. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. Summary. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. 5%. 32 in the latest trading session, marking a +0. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Its share prices grew by 307% from its IPO in late 2016 to. 50. Zacks Equity Research. 26, 2020 at 4:29 p. 78. The company also. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. Get the latest Innovative Industrial Properties, Inc. Stock is falling and might fall more. 12 on volume of 167,616 shares. . The 28. has led Innovative Industrial Properties ( IIPR. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. NLCP is not listed on an exchange. The cannabis landlord company Cannabis is being legalized steadily across the U. Fears over this REIT's future aren't as serious as many investors think. Innovative Industrial Properties distributed $1. 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. 9% per annum. comInnovative Industrial Properties, Inc. $2B. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 77% move from the previous day. 07% while the S&P 500 has risen 0. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. PRA stock price and news, along with industry-best analysis. IIPR earnings call for the period ending June 30, 2023. Read more to see why NLCP stock is my top pick for 2023. IIPR stock, innovative industrial properties is a REIT with significant upside potential. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. Eric Volkman has no position in any of the stocks mentioned. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 7% on Friday and is 19. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. If the stock offerings are prudently managed this is a $200. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 1% YOY growth in AFFO per share to $2. The average IIPR stock target price of $158 suggests nearly 37% upside potential. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. The stock outpaced the S&P 500's daily loss of 0. 02 Innovative Industrial Properties FFO of $2. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 15 per Common Share Declared in Last Twelve Months, Up $1. m. 05 and $188. 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. IIPR shares are down 63% YTD and could fall further if higher. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. May. 99 in the latest trading session, marking a -1. 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. 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. 93%), Bank of America, Chevron, and Coca. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. (Motley Fool) Innovative Industrial Properties, Inc. 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. 44 so far today. Join the Conversation! Build your trading network; Follow your favorite assets. 94MStock Price Forecast. 80x, respectively. S. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. com users lately. The stock lost almost 6. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 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. marketbeat. 02, marking a -1. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. According to a filing with the U. S. 75 -2. Series A stock information by Barron's. Volume today is 182,926 compared to average volume of 205,534. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. 15, about 28% more than. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 00, with a high estimate of 179. The stock outpaced the S&P 500's daily loss of 0. According to several analysts, the 7. I discuss my thought process for REITs and trying to predict the future based on the past and present. Innovative Industrial Properties's earnings are forecast to decline at 0. However, the liquidity crunch. As these news came out in mid-July, IIPR's stock price has taken a significant hit. Near its 52-week low, it's. 02 Innovative Industrial Properties FFO of $2. This lower stock price might have also set up new investors for outsize returns. In my opinion, IIPR. 6% to. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. . 6% per annum while its annual revenue is expected to grow at 2. 8% of its value on the day. IIPR Innovative Industrial Properties $75. Innovative Industrial Properties ( IIPR 1. IIPR 72. Yet, with shares. m. As a result, IIPR’s normalized FFO was $49. Revenues have been growing at an average rate of 46% per year. 95 per share. This rating change. Innovative Industrial Properties, Inc. IIPR stock fell 1. IIPR Stock Valuation. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. 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. Get the latest Innovative Industrial Properties, Inc.