What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. January 14, 2023 at 5:00 AM · 3 min read. Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. com users lately. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. In detail, IIPR is acquiring approximately 92. Stock Price Forecast. 00 stock in one year. 46M beats by $2. At the moment, IIPR is trading at a premium to peers. Despite the challenges, Innovative. 89 at the end of this 3-month period. 13%), a provider of growing facilities for medical marijuana producers, fell 24. (IIPR) stock to fall significantly during trading on April 15, 2022. 32, and AFFO rose from $1. Share your ideas and get valuable insights from the community of like minded traders and investors. m. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. Complete Innovative Industrial Properties Inc. This change lagged the S&P 500's daily gain of 0. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 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. The. Innovative Industrial Properties. 9B and total debt of $300. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. IIPR data by YCharts. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 54 $79. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. Our two-year price target for IIPR is $382. 47 from the previous closing price of $92. is a real estate investment trust. IIPR's return is nearly. T. 26, up sequentially from $2. 61 on the stock market today. It had only collected 92. 00, or 16%, Over Prior Twelve Months. This development will increase its costs and impact its. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. Innovative Industrial Properties ( IIPR 0. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. The stock has traded between $88. 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. falling by 79%. 12 on volume of 167,616 shares. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. So what. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 52%) and AFC Gamma (AFCG-0. 54%. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 80%) collapsed by more than 14. 65 -1. Share prices are down 30% from November 2021 highs despite the company. 36, or -0. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 73% from the previous trading session. 00. The stock is down more than 50% from its November 2021 high. Plus the mkt is like a falling knife. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 28 in the latest trading session, marking a -1. This development will increase its costs and impact its. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. Hexo Stock Chart. 's stock may have disappointed insiders who bought US$192k worth of shares at an. Sep. 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. IIPR is lower by -$0. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 71 and $92. For example, the recent IIPR share price of $68. The recent price decline of 3. The 28. 80x, respectively. The company then paid a quarterly dividend of $1. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. 12. Q1 2023 Cash Dividend of $1. 12. 50 per share on Oct. 25. . The trend seems to continue down , but. Innovative Industrial Properties ( IIPR -2. Join the Conversation! Build your trading network; Follow your favorite assets. IIPR shares are down 63% YTD and could fall further if higher. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. 94%. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. Shares have tumbled 56% year-to-date. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. S. 54%) has experienced this on the. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 6% yield. Cannabis. The REIT owns a diversified portfolio of properties that cater to cannabis producers. Even if. 86% from the previous closing price of $105. On average, they anticipate the company's stock price to reach $109. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 5M, which brings its debt-to-equity ratio to 15. Hexo Stock Chart. Innovative Industrial Properties (IIPR 0. 11% while IIPR is lower by -59. com - September 15 at 10:19 AM. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 78. 3% to access that capital. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. I watched the stock fall from nearly $300 to a. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. As a REIT, IIPR stock has shown some promising developments. 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. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. On Jan. 4% in August, according to data from S&P Global Market Intelligence. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 15 per common share represent an increase of $1. 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. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. Tilray ( TLRY ): The company is seeing. I could see IIPR trading at 15x forward AFFO, representing a stock price of $120 per share - but note that there is a wide range of fair value for the stock considering the high growth potential. m. Despite that, we assessed the recent pullback is healthy and. Furthermore, the stock is very good value based on its risk. So if we consider whether. 8 per share that represents a 9. 80%) looks like a promising stock to buy. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. The stock pays a dividend, currently with a forward yield of nearly 0. 87%, while the broader index S&P. Its stock is still down sharply from its peak, but has also tripled from its nadir at the end of 2022 on signs of an economic rebound and that a deep recession is likely to be averted. The first incredible growth stock you'll be kicking yourself for not buying during the Nasdaq bear market drop is social media company Pinterest (PINS 0. These three cannabis stocks could eventually rally to higher highs. In this video I talk about what will happen next with IIPR stock a. Innovative Industrial Properties has plunged by -31. 58. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. 83 1. In fact, since bottoming out in June, the REIT popped from about $64 to $82. EPS is expected to decline by 1. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. ". 06 from the previous closing price of $92. 50 to low of $46. (IIPR) 13 Comments Blake Downer 1. Today's Change (7. 09 on volume of 513,934 shares. 000000; an Industry Subrating of Low; a. 06 billion this year, to be followed by a leap to $1. On this news, the price of IIPR stock fell more than 7% to close at $169. 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. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. 82% move from the prior day. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. 75 in the next year. 08 intraday, briefly clearing a 221. Innovative Industrial Properties, Inc. 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. So, it is worth exploring what lies ahead for the stock. In the 1st quarter of 2020, IIPR generated $21. The payout, in the meantime, has ballooned into double digits. 83 1. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. Read what investors need to know about IIPR here. That translates into around 50% growth per year, essentially doubling the current share price of $186. May 18, 2023 at 12:00 PM · 4 min read. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. 1 million, or $1. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 15. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. . NYSE: IIPR Innovative Industrial Properties. 47 from the previous closing price of $92. IIPR stock fell 1. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". Innovative Industrial Properties Inc (IIPR) stock is lower by 15. But the bottom might finally be in for this small-cap REIT. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. Follow. IIPR's selloff has continued and shares have nearly been cut in half YTD. 5 million. 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. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. Innovative Industrial Properties, Inc. Also, its 2022 AFFO was $234 million, or $8. 7% on Friday and is 19. With the broader market falling, cannabis stocks took a bigger hit in 2022 due to the lack of progress toward federal legalization in the U. Near its 52-week low, it's. 77% move from the previous day. IIPR earned $5. The stock lost almost 6. Technical analysis forecast for Innovative Industrial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. This suggests a possible upside of 228. The IPO. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. IIPR's shares are down more than 66% this year. Shares of UnitedHealth Group ( UNH 0. 46M beats by $2. With a yield of 8. Innovative Industrial Properties ( IIPR 0. 00 and a low estimate of. Summary. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 39, moving +1. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 15%. A bad year for investors in Innovative Industrial Properties ( IIPR -3. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. 28 in the latest trading session, marking a -1. Innovative Industrial Properties, Inc. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 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. 42. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. P. The. Strong dividend paying companies in the US market. 32, marking a +0. 9% per annum. 9. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 83% as of 11:57 AM on Friday, Jan 20. 0%. The company conducted an IPO in late November 2017 at $20 per share and listed on the New York Stock Exchange with the symbol "IIPR," and it traded below that price for more than a year. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . Get powerful stock screeners & detailed portfolio analysis. So if we consider whether. 73 in the next year. The company in April. (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. 3%. 7x price/FFO. 30% while IIPR is lower by -52. S. The stock has traded between $167. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. Innovative Industrial Properties distributed $1. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 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. 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. 18. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. There are still. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 73%. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. 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. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. In our opinion, the award seems reasonable. August 3, 2022 at 7:55 PM · 3 min read. $2B. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. Innovative Industrial Properties, Inc. 83%), which owns marijuana-related assets, fell a sharp 16% in the. By Aaron Missere. Equity REITs trade as a whole. Find out why IIPR stock is a Hold. 11% while IIPR is lower by -59. The stock's a buy even with slower growth. 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. 99 $89. Zacks Equity Research. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. IIPR's share prices have grown over 1,100% in just five years. 05 to $1. 8M making its interest coverage ratio. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. IIPR has risen $0. Image. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. At the time of this writing, the company has 60 consecutive years. 22, but there could still be a solid upside left in the stock. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. 72%. 52%) Q2 2023 Earnings Call. Innovative Industrial Properties (IIPR-3. IIPR stock has become an investor favorite recently. Innovative Industrial Properties (IIPR) closed at $74. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 56% (not including any dividends or dividend reinvestments). ET after. Besides, the duo will partner on the development of 324,000. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. And if a dividend cut does happen, then an even greater sell-off. So far 111,495 shares have traded compared to average volume of 204,355 shares. Although recessionary fears are. 7%Innovative Industrial Properties ( IIPR 0. 83%) does, its strongest advantages, and its biggest weaknesses. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. m. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. 2% from the previous closing price of $182. com users lately. Data by YCharts. This change lagged the S&P 500's daily gain of 1. 73, posting its worst daily performance since May 12. (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. 15, about 28% more than. 3% from the stock's current price. 75 with a high price target of $179. 50. Like most other stocks in today's bear market, pessimism surrounding the economy and. The trust's dividend pay-out. Prices are already falling and it’s only going to get worse. Future criteria checks 0/6. Shares are dirt cheap at a price/FFO of 10. 6% to. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. 19%. Currency in. Expected Annual Pre-Tax Return. 29, or -3. 4B and $440. The stock was hit by a scathing short-seller report last month. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. 68%) has had a wild year. 5625 per share of IIP’s 9. The stock still fell on the news and drifted lower again in June. I last covered IIPR in August, where I rated the stock a buy on account of the 7. This rating change. Besides, the duo will partner on the development of 324,000. In the latest trading session. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. The recent price decline of 3. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. Sometimes the price moves, both higher and lower, can be dramatic. 7%-Yielding Dividend Stock Could Soar 68%. It operates through the following geographical segments: Arizona, California, Colorado, Florida. Revenues have been growing at an average rate of 46% per year. 15 per Common Share Declared in Last Twelve Months, Up $1. Morsa Images. NLCP is not listed on an exchange. Today's Range $78. if you shorted IIPR on 4/18/22 for about $163 SH. 3% annually. IIPR stock, innovative industrial properties is a REIT with significant upside potential. This is almost twice the S&P 500. 46%. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. 8% so far, to 108. May. The company then paid a quarterly dividend of $1. 1%. Shares are only down 0. (IIPR) NYSE - NYSE Delayed Price. 23% while the S&P 500 has gained 1. 2W 10W 9M. The stock outpaced the S&P 500's daily loss of 0. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 51%), the only real estate investment trust. 18 from the previous closing price of $79. 26. 30 and could see higher highs. 08% from the previous trading session. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. Over the last four quarters. IBD cautions against buying stocks in a market correction. 02 Innovative Industrial Properties FFO of $2. Still, the stock's recent pullback is a good buying opportunity for new investors. 30 so far today. Innovative Industrial Properties (IIPR-3. Innovative Industrial Properties ( IIPR 0. 49% — by comparison, the average stock in Dividend Channel's. 5% loss. Full. 67 (2. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 00 strike price has a current bid of $18.