The recent King Garden debacle. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. com - September 15 at 10:19 AM. Stocks According to . As a REIT, IIPR stock has shown some promising developments. In April, short-seller Blue Orca Capital released a troubling report about Innovative Industrial Properties ( IIPR 0. 34 -1. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. J. At the time of this writing, the company has 60 consecutive years. 5% over the past four weeks to close the last trading session at $71. Over the past year the S&P 500 is down -14. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. In exchange for about $110. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. Zacks Equity Research. On Jan. 8% so far, to 108. Innovative Industrial Properties. The recent price decline of 3. The stock has traded between $181. ET. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 25 $80. finance. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. 1% yield is indeed a reward for investors seeking the highest income potential. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. 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. With a yield of 8. 8M respectively. 51%) (As of 11/21/2023 ET) Today's Range $79. 001 per share, 50,000,000 shares authorized: 9. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 51%), the only real estate investment trust. Find out why IIPR stock is a Hold. 26, 2020 at 4:29 p. 92% at $100. The safety that IIP's stock once offered investors is long gone. P/AFFO by year. 32. 90 -0. 5%. According to a filing with the U. Innovative Industrial Properties has plunged by -31. 12 per share, beating the Zacks Consensus Estimate of $1. This. Innovative Industrial Properties ( IIPR 1. 7 attached. IIPR has fallen -$0. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. This lower stock price might have also set up new investors for outsize returns. 42. Its 2022 revenue of $276 million was up 35% versus 2021. In fact, since bottoming out in June, the REIT popped from about $64 to $82. The company is set to announce its earnings results on August 7. If more cannabis businesses. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 62% ) released solid third-quarter results after the. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. Full. Image source: The Motley Fool. 1% YOY growth in AFFO per share to $2. And if a dividend cut does happen, then an even greater sell-off. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. Innovative Industrial Properties's earnings are forecast to decline at 0. 7%Innovative Industrial Properties (IIPR) closed at $197. January 14, 2023 at 5:00 AM · 3 min read. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. And make no. The trend seems to continue down , but. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. Currency in. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. 00. The current dividend yield for Innovative Industrial Properties is 8. 75 on April 14, representing a 17% increase over Q4-21. 30 and could see higher highs. 9. 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. This is a business that started from zero only a few years ago. S. Summary. 75 to $4. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. The cannabis landlord company Cannabis is being legalized steadily across the U. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 02 Innovative Industrial Properties FFO of $2. 48%), referring to the cannabis company as a "marijuana bank" as. As a result, IIPR’s normalized FFO was $49. IIPR is lower by -$0. With a yield of 8. AFFO came. 7% from the previous trading session. This is almost twice the S&P 500. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 20. 4% dividend hike. 2% from the previous closing price of $182. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. This suggests a possible upside of 228. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 75% move from the prior day. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 47% during the next 3 months and, with a 90% probability hold a price between $61. 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. 86% from the previous closing price of $88. Lemonade is a one-time fintech wonder that has fallen on hard times of late. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 55% move from the previous day. 47 from the previous closing price of $92. May. 15%) At close: 04:00PM EST. Securities. Innovative Industrial Properties (IIPR-3. I wrote this article myself, and. IIPR has rewarded shareholders with a rapidly growing dividend. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 13%). So, it is worth exploring what lies ahead for the stock. Today, in the low $90s, the REIT offers a dividend yield of 7. In 2021, IIPR grew revenue by 75% and AFFO. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. As one of the leading owners of industrial real estate leased to state. As a result, IIPR’s normalized FFO was $49. 00, or 16%, Over Prior Twelve Months. As a REIT, IIPR stock has shown some promising developments. 80%) collapsed by more than 14. Sep. IIPR has risen $0. 7% in the last week insiders who sold US$6. It had only collected 92. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. On this news, the price of IIPR stock fell more than 7% to close at $169. 18. 20. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Innovative Industrial Properties, Inc. 1 million, or $1. 54%) has experienced this on the. 54. Over the last five years, Innovative Industrial Properties ( IIPR 0. This move outpaced the S&P 500's daily. 84 and $174. Innovative Industrial Properties (IIPR) closed at $88. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 62 at zenith of its stock price in next year following your. 89 at the end of this 3-month period. Hexo stock has a weak 3 Composite Rating. Despite the challenges, Innovative. 51%), the only real estate investment trust. I wrote this article myself, and. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. 1% and Real Estate Select Sector SPDR ETF falling 11. Innovative Industrial Properties, Inc. 53 and $74. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. 28 in the latest trading session, marking a -1. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 86% move from the previous day. Read what investors need to know about IIPR here. This development will increase its costs and impact its. It’s down 7% so far this month, and it’s currently trading at $114. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. . While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. ET by Max A. Despite that, we assessed the recent pullback is healthy and. Subscribe Now See Plans & Pricing. The. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. , especially for. At. 94 SMG Scotts Miracle-Gro $70. In the latest trading session. 10%) is. 00, with a high estimate of 179. But it also invests in shares of public companies. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. Down an incredible 61% this year, it has. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. It would not be so easy to call NLCP overvalued at a. So far 798,498 shares have traded compared to average volume of 464,816. The S&P 500 fell 1. 27, moving +0. 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. . The company's annualized yield currently comes in at 2. 6% to. Zacks Equity Research. I think it will fall much further as time goes on. May. Conv. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 22, but there could still be a solid upside left in the stock. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Year-to-date, shares of IIPR stock have dropped by 59. Full. Volume today is light. IIPR's shares are down more than 66% this year. But then things turned south. 56. 73 in the next year. 50 per share on Oct. Innovative Industrial Properties ( IIPR 0. At. S. The stock outpaced the S&P 500's daily loss of 0. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. 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. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. P. Innovative Industrial Properties, Inc. 80 per share, reflecting an increase of 25% over dividends. 01 in the past 12. 46%. 00, with a high estimate of 179. 10 in dividends, for a dividend payout ratio of 84%. (IIPR-0. comInnovative Industrial Properties, Inc. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. Fortinet stock tumbled 16. Data by YCharts. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 47 from the previous closing price of $92. 1% since its peak in November 2021. marketbeat. Wall Street Thinks This 10. International. The stock's a buy even with slower growth. 33% as of 3:49 PM on Tuesday, Mar 21. The stock is trading at a low price-to. I discuss my thought process for REITs and trying to predict the future based on the past and present. The stock has traded between $88. 83% as of 11:57 AM on Friday, Jan 20. Equity REITs trade as a whole. Q1 2023 Cash Dividend of $1. The yield sits above 9% after the most recent 5. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. Furthermore, the stock is very good value based on its risk. EPS is expected to decline by 1. Our two-year price target for IIPR is $382. 02, marking a -1. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. IIPR has risen $0. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. Hexo has cut jobs and tried to shrink costs and lower its debt burden. Among. Series A stock information by Barron's. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 83 1. 75 +0. 12. 73%) Q2 2023 Earnings Call. As of June 30, 2022, we owned 111 properties comprising an. 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. But IIPR is no longer the only publicly traded REIT in the medical marijuana. (NYSE: IIPR) a real estate company focused on the U. Its dividend has increased for five straight years as well. 67 (2. 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. m. Summary. Revenues have been growing at an average rate of 46% per year. 73% from the previous trading session. stock was issued. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties ( IIPR 2. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 00 +3. Half of the ratings on the mutual fund company are sells. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. 80 per Common Share Contributes to Aggregate of $7. Cannabis stocks have fallen sharply in the past several years. 1M. 84% YTD and -74. Stock is falling and might fall more. Check out why I'm neutral on IIPR stock. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Johnson & Johnson ( JNJ 0. Eric Volkman has no position in any of the stocks mentioned. These three cannabis stocks could eventually rally to higher highs. The vast. Innovative Industrial Properties (IIPR) $71. 30 and could see higher highs. 51 during the height of the pandemic sell-off; 184 days above $75. Prices are already falling and it’s only going to get worse. Their VFF share price targets range from $1. 29, or -3. 00, or 16%, over dividends declared for the prior twelve months. Besides, the duo will partner on the development of 324,000. 86% from the previous closing price of $105. 06 billion this year, to be followed by a leap to $1. According to a filing with the U. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. S. 2020, Jan. 91x and 23. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. Stocks: Real-time U. IIPR stock fell 1. 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. 5. 95 per share. 5625 per share of IIP’s 9. 87 per diluted share, in Q1. The stock has traded between $185. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. com - September 15 at 10:19 AM. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Summary. 95 so far today. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. 00. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. comInnovative Industrial Properties, Inc. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Let's take a closer look at each company. 13%). This. The Price and Consensus chart displays the company's stock price along with the consensus estimate. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. 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. if you shorted IIPR on 4/18/22 for about $163 SH. 83 1. 56% (not including any dividends or dividend reinvestments). 42% from the previous closing price of $185. Share your ideas and get valuable insights from the community of like minded traders and investors. The company also. 6% in Innovative Industrial Properties, Inc. Also, its 2022 AFFO was $234 million, or $8. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 2% from the previous closing price of $182. Sometimes the price moves, both higher and lower, can be dramatic. This rating change. cannabis. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. This suggests a possible upside of 38. Innovative Industrial Properties, Inc. . A value trap is a stock or other investment that appears to be cheaply priced because it has been trading at low valuation metrics, such as multiples in terms of price to earnings (P/E), price to. The stock's a buy even with slower growth. IIPR's selloff has continued and shares have nearly been cut in half YTD. Plus the mkt is like a falling knife.