The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 90 -0. IIPR earnings call for the period ending June 30, 2023. I wrote this article myself, and it expresses my. This change outpaced the S&P 500's 0. 13 buy point from a three-weeks-tight pattern. 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. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. 6% in January, according to. Shares are dirt cheap at a price/FFO of 10. 32 (+7. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Cannabis. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 54%. 3% to access that capital. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. The stock lost almost 6. On average, they predict the company's stock price to reach $2. Despite that, we assessed the recent pullback is healthy and. In 2020, it generated revenue of $117 million. 40%) -$1. 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. 05 and $188. 48%), referring to the cannabis company as a "marijuana bank" as. Elsewhere. Innovative Industrial Properties ( IIPR 0. (IIPR) stock is trading at $189. The REIT owns a diversified portfolio of properties that cater to cannabis producers. Meanwhile, in early spring it raised. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. IIPR 72. 18. Volume today is 182,926 compared to average volume of 205,534. to other REITs, because it's performed much more like a growth stock than a steady dividend-paying. There aren't many REITs that fit. 83 1. 6% yield. S. Innovative Industrial Properties distributed $1. I wrote this article myself, and. IIPR has plunged by -31. 3% to close at 52. Innovative Industrial Properties has a total shareholder equity of $1. 73% from the previous trading session. Innovative Industrial Properties, Inc. I wrote this article myself. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 62 at zenith of its stock price in next year following your. 87%, while the broader index S&P. 26, 2020 at 4:29 p. marketbeat. m. 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. So, it is worth exploring what lies ahead for the stock. 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. Based on its current numbers, IIP looks like. 50. 18, Innovative Industrial Properties ( IIPR 3. Today, in the low $90s, the REIT offers a dividend yield of 7. 97x and NTM Price/FFO Per Share of 13. 48 so far today. In their. IIPR: Raising target price to $104. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 89%. The stock still fell on the news and drifted lower again in June. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. International. The company, which specializes in. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. But then things turned south. Share prices are down 30% from November 2021 highs despite the company. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. The recent price decline of 3. 7%Innovative Industrial Properties (IIPR) closed at $197. 9. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 5% in dividends. The. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. If you had invested in Innovative Industrial Properties stock at $19. 00, the stock is currently trading with a (forward) P/AFFO of 22. 20 Innovative Industrial Properties, Inc. Find out before anyone else which stock is going to shoot up. 39, moving +1. Some analyst estimates for the stock seem to be outdated. PRA stock price and news, along with industry-best analysis. 8 — by. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 32% loss on the day. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. And, if the stock price does fall, the short-seller would profit. Innovative Industrial Properties (IIPR 0. S. 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. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. Wall Street Thinks This 10. Honestly, stocks like this one really remind me of what Peter Lynch said about. Innovative Industrial Properties (IIPR 0. 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. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 53 and $74. The S&P 500 fell 1. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. IIPR buys properties and leases them to. 04%. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. Get the latest Innovative Industrial Properties, Inc. In the latest trading session. This move outpaced the S&P 500's daily. 11% while IIPR is lower by -59. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 's stock may have disappointed insiders who bought US$192k worth of shares at an. The Dow Jones. The company has engaged in an aggressive growth plan over the last couple of years, but has recently stalled due to higher interest rates in the macro environment. 80 per share, reflecting an increase of 25% over dividends. This compares to FFO of [email protected] on volume of 167,616 shares. 18 from the previous closing price of $79. Summary. In the last reported quarter, Innovative Industrial delivered a surprise of 7. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 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 (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. 08% from the previous trading session. 28 in the latest trading session, marking a -1. 30 so far today. IIPR Stock Valuation. At the. IIPR earned $5. A submerged stock price doesn't necessarily mean a company is a bargain, however. IIPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Innovative Industrial Properties, Inc. Still, it. com users lately. 2%, while the Industrial REITs industry saw earnings growing at 24. Hexo has cut jobs and tried to shrink costs and lower its debt burden. Johnson & Johnson. Innovative Industrial Properties ( IIPR 2. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 00 and a low estimate of. 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. Innovative Industrial Properties. Over the last five years, Innovative Industrial Properties ( IIPR 0. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. Sometimes the price moves, both higher and lower, can be dramatic. 06 from the previous closing price of $92. 01 in the past 12. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. Mike Tyson will be joining our lineup in our Cannabis Event. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. This change lagged the S&P 500's daily loss of 1. 00 per share), 600,000 shares. Summary. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 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. kmatija. The trend seems to continue down , but. 3%. Today's Change (-1. . Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. The market has been avoiding cannabis stocks because of excess supply in. The recent price decline of 3. The stock is on sale. P/AFFO by year. The company then paid a quarterly dividend of $1. 29, or -3. 15, your return over the last 6 years would have been 311. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 51%), the only real estate investment trust. Innovative Industrial Properties's earnings are forecast to decline at 0. 16 billion for 2024. 46M beats by $2. 26. 99 $89. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. Innovative Industrial Properties, Inc. (IIPR) stock news and headlines to help you in your trading and investing decisions. This suggests a possible upside of 228. Complete Innovative Industrial Properties Inc. (NYSE: IIPR) a real estate company focused on the U. Still, the stock's recent pullback is a good buying opportunity for new investors. Shares rose as high as 222. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. . Data by YCharts. 3% from the stock's current price. The. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. In this video I talk about what will happen next with IIPR stock a. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. 32, marking a +0. the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry WHY IIPR WAS FORMED Specialized Real Estate U. 81K Follower s Summary Similar to MPW, IIPR continues to face. Shares have tumbled 56% year-to-date. Innovative Industrial Properties (IIPR) closed at $88. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 66 50-Day Range $69. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. (IIPR) stock news and headlines to help you in your trading and investing decisions. S. 8%. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. Innovative Industrial Properties, Inc. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 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. 4% dividend yield. 42% from the previous closing price of $185. 13%) has an incredible track record of not only paying but raising its dividend. Yet, with shares. SAN DIEGO, December 15, 2022--Innovative Industrial Properties, Inc. Zacks Equity Research. Fortinet stock tumbled 16. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. Cannabis stocks have fallen sharply in the past several years. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. 79. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. 1%. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. (IIP), the first and only real estate company on the New York Stock. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. The trust's dividend pay-out. $2B. This development will increase its costs and impact its. Full. As a REIT, IIPR stock has shown some promising developments. 1% on Friday as of 2:24 p. 51 during the height of the pandemic sell-off; 184 days above $75. Its total assets and total liabilities are $2. Innovative Industrial Properties (IIPR-1. Strong dividend paying companies in the US market. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. 28, or 4. IIPR has risen $0. According to a filing with the U. 3%. August 3, 2022 at 7:55 PM · 3 min read. 38%), it's easy to get complacent. 08 intraday, briefly clearing a 221. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). This change lagged the S&P 500's daily gain of 1. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 72%. 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. (IIPR) 13 Comments Blake Downer 1. 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. 14(0. 84% YTD and -74. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 75 to $4. 000000; an Industry Subrating of Low; a. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. IIPR's selloff has continued and shares have nearly been cut in half YTD. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. ET by Max A. Unlike competitors, Innovative Industrial Properties has a competitive moat. Year-to-date, shares of IIPR stock have dropped by 59. For example, the recent IIPR share price of $68. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. 18, indicating a good swim trunk fit. Currency in. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. 00. 60%). It had only collected 92. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Pfd. 78. 26, 2020 at 4:29 p. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 44%, not including the 9. Conv. 00% Series A Cumulative. Key Points. I wrote this article myself, and. 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. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. IIPR's shares are down more than 66% this year. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. m. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. 36, or -0. Also, its 2022 AFFO was $234 million, or $8. 's (NYSE:IIPR) value has dropped 5. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 89%. com - September 15 at 10:19 AM. Stocks According to . The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. Shares of Innovative Industrial Properties (IIPR-1. 84% YTD and -74. 33% as of 3:49 PM on Tuesday, Mar 21. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. So if we consider whether. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Securities. 5% per year. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. And that's showing up in Innovative. Prices are already falling and it’s only going to get worse. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. I wrote this article myself, and it expresses my. 5%, and it has net margins of 54. On this news, the price of IIPR stock fell more than 7% to close at $169. 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. Although recessionary fears are. 15, about 28% more than. 86% move from the previous day. The Motley Fool. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. KLH49/iStock via Getty Images. 36, or -0. The common stock dividends declared for the last twelve months of $7. Hexo has cut jobs and tried to shrink costs and lower its debt burden. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. Read what investors need to know about IIPR here. 83%), which owns marijuana-related assets, fell a sharp 16% in the. 73%. IIPR stock fell 1. 75 with a high price target of $179. This change lagged the S&P 500's 1. Among. 67 in the latest trading session, marking a +1. 15%) $5. I expect the IIPR stock price to move higher after months of falling. I wrote this article myself, and it.