Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 99 $89. is a real estate investment trust. 44 and paid out $7. I last covered IIPR in August, where I rated the stock a buy on account of the 7. . 89%. Innovative Industrial Properties ( IIPR 0. As a result, IIPR’s normalized FFO was $49. Stocks According to . Markets, so far on Friday, appeared to take new. 30% while IIPR is lower by -52. marketbeat. 8%. The S&P 500 index returned 3% last month. Innovative Industrial Properties's EBIT is $171. Tilray ( TLRY ): The company is seeing. 15, your return over the last 6 years would have been 311. 8M making its interest coverage ratio. 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. 2020, Jan. 7%-Yielding Dividend Stock Could Soar 68%. 44%, not including the 9. Complete Innovative Industrial Properties Inc. Besides, the duo will partner on the development of 324,000. In fact, since bottoming out in June, the REIT popped from about $64 to $82. 8% so far, to 108. IIPR shares are down 63% YTD and could fall further if higher. Volume today is 182,926 compared to average volume of 205,534. 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. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. Even if. Innovative Industrial Properties has plunged by -31. m. Kimbell Royalty Partners (KRP) Dividend Yield: 9. May 18, 2023 at 12:00 PM · 4 min read. 22 to $380. Innovative Industrial Properties ( IIPR 1. The company also. 00. A bad year for investors in Innovative Industrial Properties ( IIPR -3. IIPR earnings call for the period ending June 30, 2023. 36 $125. 5% at one point this week, according to data from S&P Global Market Intelligence. 49% — by comparison, the average stock in Dividend Channel's. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Johnson & Johnson ( JNJ 0. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. What happened with shares of IIPR is a feature, not a bug, of the best REITs. 32, and AFFO rose from $1. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. 05 to $1. I wrote this article myself, and it. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. The S&P 500 fell 1. The stock has traded between $88. 08% from the previous trading session. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. 86% from the previous closing price of $88. 75 +0. . In detail, IIPR is acquiring approximately 92. In its latest quarter, IIPR delivered 5. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. ET by Max A. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. 33% from the previous trading session. 87%, while the broader index S&P. 6% in Innovative Industrial Properties, Inc. 1 million, or $1. 13%). Over the past year the S&P 500 is lower by -10. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. 72%. 20. Get the latest Innovative Industrial Properties, Inc. S. Innovative Industrial Properties (IIPR) closed at $74. 06 billion this year, to be followed by a leap to $1. Check out why I'm neutral on IIPR stock. 02%, for an annualized return of 26. 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. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 50 to low of $46. 4% dividend. IIPR stock fell 1. 80x, respectively. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. finance. 07, revenue of $76. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. This change outpaced the S&P 500's 0. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 51%) (As of 11/21/2023 ET) Today's Range $79. 1%. 18 on volume of 249,380 shares. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. 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. 00, or 16%, Over Prior Twelve Months. Meanwhile it can turn around and put that money to work getting a 16% annual return. Prices are already falling and it’s only going to get worse. And if a dividend cut does happen, then an even greater sell-off. This means. 38 in the latest trading session, marking a +0. What happened. (IIPR) NYSE - NYSE. The stock fell as much as 17. S. 38, moving -0. 60%). ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 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. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. The stock has traded between $181. 84% YTD and -74. 8 — by. The safety that IIP's stock once offered investors is long gone. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. The stock lost almost 6. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Innovative Industrial Properties, Inc. There are still. In their. I wrote this article myself, and it expresses my. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Earnings per share increased from $1. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. Zacks Equity Research. 38%), it's easy to get complacent. Currency in USD. Volume today is elevated. Innovative Industrial Properties distributed $1. IIPR buys properties and leases them to. yahoo. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Innovative Industrial Properties (IIPR 0. IIPR has plunged by -31. 3% annually. Image. 1% and Real Estate Select Sector SPDR ETF falling 11. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. Cannabis stocks have fallen sharply in the past several years. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. Fears over this REIT's future aren't as serious as many investors think. 66 50-Day Range $69. 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. by Zacks Equity Research Published on October 12,2023. 67 (2. The current dividend yield for Innovative Industrial Properties is 8. But then things turned south. (IIPR) stock discussion in Yahoo Finance's forum. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. Innovative Industrial Properties ( IIPR 0. (IIPR) stock to fall significantly during trading on April 15, 2022. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Share prices are down 30% from November 2021 highs despite the company. 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. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. IIPR has made the most of its early to-market position. Today's Range $78. Securities. 18% move from the prior day. The common stock dividends declared for the last twelve months of $7. Half of the ratings on the mutual fund company are sells. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. (IIPR-0. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. 68 per share on April 14, 2022. In exchange for about $110. cannabis. stock was issued. According to a filing with the U. The stock is down more than 50% from its November 2021 high. 56% (not including any dividends or dividend reinvestments). In their. 68%) has had a wild year. The share price for Innovative Industrial Properties ( IIPR -3. The cannabis landlord company Cannabis is being legalized steadily across the U. On this news, the price of IIPR stock fell more than 7% to close at $169. 00 and a low estimate of. In the 1st quarter of 2020, IIPR generated $21. The Motley Fool. January 14, 2023 at 5:00 AM · 3 min read. 4% in August, according to data from S&P Global Market Intelligence. (IIPR) stock is trading at $189. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. S. 7% from the previous trading session. Innovative Industrial Properties, Inc. ET. 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. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. com - September 15 at 10:19 AM. View the latest Innovative Industrial Properties Inc. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Cherney Cannabis REIT Innovative Industrial Properties shares fall. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. S. Like most other stocks in today's bear market, pessimism surrounding the economy and. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. The analyst also reduced the stock's price target from $24. Stocks: Real-time U. NYSE: IIPR Innovative Industrial Properties. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. IIPR is lower by -$0. 30 and could see higher highs. (IIP), the first and only real estate company on the New York Stock. The company, which specializes in. 45 per diluted. More Information. 35%) stock jumped 14. com - September 15 at 10:19 AM. I discuss my thought process for REITs and trying to predict the future based on the past and present. Preferred stock, par value $0. ". This compares to FFO of [email protected] on volume of 167,616 shares. 99. Innovative Industrial Properties (IIPR) closed at $88. Innovative Industrial Properties's return on equity is 8. 62% ) released solid third-quarter results after the. And make no. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. 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. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 78. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. The stock is trading at a low price-to. 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. 18, Innovative Industrial Properties ( IIPR 3. The 28. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. Rowe Price is another S&P 500 stock analysts are flagging investors away from. 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. Given the current short-term trend, the stock is expected to fall -9. 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. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Join the Conversation! Build your trading network; Follow your favorite assets. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 02. 00 and a low estimate of. 26, 2020 at 4:29 p. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. With a yield of 8. Summary. I wrote this article myself. 05 and $188. 00. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. Revenues have been growing at an average rate of 46% per year. IIPR stock, innovative industrial properties is a REIT with significant upside potential. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 5625 per share of IIP’s 9. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 73, posting its worst daily performance since May 12. Cannabis. In addition, the company generated a net income of $11. Innovative Industrial Properties ( IIPR 2. 68%) has had a wild year. com users lately. 80 per Common Share Contributes to Aggregate of $7. Innovative Industrial Properties, Inc. P/AFFO by year. IIPR is currently trading at an EV/NTM Revenue of 10. I wrote this article myself, and. The stock's a buy even with slower growth. Innovative Industrial Properties, Inc. (IIPR) 13 Comments Blake Downer 1. (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. The market has been avoiding cannabis stocks because of excess supply in. comInnovative Industrial Properties, Inc. In 2021, IIPR grew revenue by 75% and AFFO. 37 50-Day Range $69. Shares of Innovative Industrial Properties (IIPR) have gained 0. com users lately. Turning to the calls side of the option chain, the call contract at the $100. 58. Its 2022 revenue of $276 million was up 35% versus 2021. 12 per share, beating the Zacks Consensus Estimate of $1. IIPR's selloff has continued and shares have nearly been cut in half YTD. After the change, there still remains approximately $33. Lemonade is a one-time fintech wonder that has fallen on hard times of late. The stock was hit by a scathing short-seller report last month. 86% from the previous closing price of $105. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. 3% from the stock's current price. Read what investors need to know about IIPR here. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Financial Health criteria checks 4/6. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. 50. This development will increase its costs and impact its. Innovative Industrial Properties, Inc. 4%. 57% move from the prior day. 06 from the previous closing price of $92. I wrote this article myself, and. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. View the latest Innovative Industrial Properties Inc. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. 91x and 23. 02% from the previous closing price of $175. 22 (-1. Its share prices grew by 307% from its IPO in late 2016 to. falling by 79%. 24% while IIPR has. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. No other REIT could come close to this. Near its 52-week low, it's. 1%, which is absurd when you consider the dividend growth track record and potential future. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Stock is falling and might fall more. The company then paid a quarterly dividend of $1. Despite the challenges, Innovative. With a. Their VFF share price targets range from $1. IIPR-A trades at a massively. IBD cautions against buying stocks in a market correction. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Hexo Stock Chart. 95 so far today. But it also invests in shares of public companies. 79. 00, with a high estimate of 179. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1.