Currency in. The trust's dividend pay-out. Today's Range $78. 49% — by comparison, the average stock in Dividend Channel's. 15 per common share represent an increase of $1. (IIPR) NYSE - NYSE. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 8% in late trading Tuesday after closing up 2. is a real estate investment trust. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. The all time high for this statistic was previously 20. 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. 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. 5% per year. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Check out why I'm neutral on IIPR stock. Although recessionary fears are. 8%. 7%Innovative Industrial Properties (IIPR) closed at $197. 14(0. And make no. The recent price decline of 3. 30 and could see higher highs. 5% in dividends. 12 per share, beating the Zacks Consensus Estimate of $1. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. 34 -1. IIPR earned $5. 73% from the previous trading session. Innovative Industrial Properties (IIPR) closed at $74. 62% ) released solid third-quarter results after the. 23% while the S&P 500 has gained 1. The safety that IIP's stock once offered investors is long gone. ET by Max A. 6% to. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Share prices are down 30% from November 2021 highs despite the company. IIPR earned $5. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 10 in dividends, for a dividend payout ratio of 84%. Investor FAQs. S. Innovative Industrial Properties, Inc. 89 at the end of this 3-month period. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. I wrote this article myself, and it expresses my. 20. Innovative Industrial Properties, Inc. The recent price decline of 3. Their VFF share price targets range from $1. Meanwhile,. 95 per share. m. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. Prices are already falling and it’s only going to get worse. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. Summary. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. 13%) has an incredible track record of not only paying but raising its dividend. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 33% from the previous trading session. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. 67 in the latest trading session, marking a +1. Innovative Industrial Properties ( IIPR 0. 80%) collapsed by more than 14. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. 14. Sometimes the price moves, both higher and lower, can be dramatic. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 75 on April 14, representing a 17% increase over Q4-21. 86% from the previous closing price of $105. 07, or 3. At the time of this writing, the company has 60 consecutive years. Preferred stock, par value $0. 6% to. View real-time IIPR. I last covered IIPR in August, where I rated the stock a buy on account of the 7. Innovative Industrial Properties ( IIPR 1. 30 as of 1:19 PM on Wednesday, Jul 1, a rise of $4. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. 95 per share. S. Results reflected better-than-expected revenues. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 15%. 12 per share, beating the Zacks Consensus Estimate of $1. Share your ideas and get valuable insights from the community of like minded traders and investors. 2% from the previous closing price of $182. 18% move from the prior day. Innovative Industrial Properties (IIPR) closed at $88. Here's why the stock's a winner that you might regret not buying more of when you had the chance. Image source: The Motley Fool. 56. After all, over the last three years, the company's. 47 from the previous closing price of $92. 18, Innovative Industrial Properties ( IIPR 3. (IIPR) NYSE - NYSE Delayed Price. This change lagged the S&P 500's daily loss of 1. Sep. 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. 06 from the previous closing price of $92. 75 in the next year. Cannabis. 28 in the latest trading session, marking a -1. Find the latest Innovative Industrial Properties, Inc. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 9% Cum. 55% move from the previous day. 5. 07% move from the prior day. 68%) has had a wild year. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 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. Future criteria checks 0/6. International. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. 83%). , especially for. At. 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. KLH49/iStock via Getty Images. 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. 13%). 81K Follower s Summary Similar to MPW, IIPR continues to face. 80x, respectively. 7% and that's expected to grow by about 10. 2020, Jan. 61 as of 3:10 PM on Thursday, Jan 12, a rise of $4. A second reliable ultra-high-yield dividend stock that stands out as a no-brainer buy in September is cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR-3. In my opinion, IIPR. 90 -0. 94MStock Price Forecast. I wrote this article myself. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Its 2022 revenue of $276 million was up 35% versus 2021. 38 Volume 166,850 shs Average Volume 293,799 shs Market. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. No other REIT could come close to this. Securities. yahoo. May. The trend seems to continue down , but. 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. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. According to a filing with the U. Innovative Industrial Properties ( IIPR 0. . The recent King Garden debacle. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. 45 per diluted. Hexo Stock Chart. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. What happened. The payout, in the meantime, has ballooned into double digits. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. Its EPS Rating is a worst-possible 1. 8 — by. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 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. 7% from the previous trading session. 26, 2020 at 4:29 p. 4%. This change lagged the S&P 500's daily gain of 0. Like most other stocks in today's bear market, pessimism surrounding the economy and. 8% in late trading Tuesday after closing up 2. 14 per share, beating the Zacks. The stock is down more than 50% from its November 2021 high. 25 $80. 46%. (IIPR) NYSE - NYSE Delayed Price. 73 in the next year. The IPO. 0 and an annual dividend yield of 10. 02% from the previous closing price of $175. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. Mike Tyson will be joining our lineup in our Cannabis Event. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. The recent price decline of 3. Financial Health criteria checks 4/6. 47 from the previous closing price of $92. Its 2022 revenue of $276 million was up 35% versus 2021. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. The stock is trading at a low price-to. 86% from the previous closing price of $88. By Aaron Missere. Zacks Equity Research. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. NYSE: IIPR Innovative Industrial Properties. Innovative Industrial Properties, Inc. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 89%. This represents a significant discount to where U. 51 during the height of the pandemic sell-off; 184 days above $75. 19%. Still, the stock's recent pullback is a good buying opportunity for new investors. Pfd. Innovative Industrial Properties, Inc. 26, 2020 at 4:29 p. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. 18, indicating a good swim trunk fit. The stock has traded between $105. com - September 15 at 10:19 AM. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. At the. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. 75 -2. 18. 5 brokers have issued 12-month price targets for Village Farms International's shares. 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. Share prices are down 30% from November 2021 highs despite the company. 33% as of 3:49 PM on Tuesday, Mar 21. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. Innovative Industrial Properties Inc (IIPR) stock is down 0. The vast. The stock is on sale. IIPR's share prices have grown over 1,100% in just five years. Innovative Industrial Properties, Inc. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. The 28. S. 01%. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 57% move from the prior day. Stock Price Forecast. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. Cannabis stocks have fallen sharply in the past several years. That translates into around 50% growth per year, essentially doubling the current share price of $186. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. 94%. Also, its 2022 AFFO was $234 million, or $8. 8M making its interest coverage ratio. 48%), referring to the cannabis company as a "marijuana bank" as. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. has led Innovative Industrial Properties ( IIPR. 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. 's (NYSE:IIPR) value has dropped 5. Unlike competitors, Innovative Industrial Properties has a competitive moat. But IIPR is no longer the only publicly traded REIT in the medical marijuana. 15, your return over the last 6 years would have been 311. After the change, there still remains approximately $33. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. EPS is expected to decline by 1. The stock was hit by a scathing short-seller report last month. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 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. 39, moving +1. Stock is falling and might fall more. The share price for Innovative Industrial Properties ( IIPR -3. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. The company is set to announce its earnings results on August 7. 08 intraday, briefly clearing a 221. 78. IIPR is down over 30% from its peak. 46M beats by $2. The stock has traded between $167. finance. 5 million on this revenue, an increase of 248% from net income of $3. 03 (-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. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. Despite the challenges, Innovative. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. 30% while IIPR is lower by -52. In detail, IIPR is acquiring approximately 92. 53 and $74. In our opinion, the award seems reasonable. falling by 79%. In exchange for about $110. Innovative Industrial Properties's EBIT is $171. Securities. 73, posting its worst daily performance since May 12. Specifically, Exxon Mobil (NYSE: XOM) is down 5. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. AFFO came. 00 +3. However, the liquidity crunch. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. Key Points. The company also. (IIPR) 13 Comments Blake Downer 1. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Besides, the duo will partner on the development of 324,000. I/we have no stock,. 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. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. 34 52-Week Range $63. 07, revenue of $76. Share your opinion and gain insight from other stock traders and investors. P/AFFO by year. 00% Series A Cumulative. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 56% (not including any dividends or dividend reinvestments). Innovative Industrial Properties (IIPR) closed at $75. On Jan. 07% while the S&P 500 has risen 0. 5%. That kind of growth rate is similar to what traditional net lease peers report in the. 32, and AFFO rose from $1. The yield sits above 9% after the most recent 5. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Innovative Industrial Properties (IIPR) closed at $164. S. 1% on Friday as of 2:24 p. The company, which specializes in. 06 billion this year, to be followed by a leap to $1. S. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Innovative Industrial Properties, Inc. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 38, moving -0. 13%). Full. IBD cautions against buying stocks in a market correction. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Shares now yield 5. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. by Zacks Equity Research Published on October 12,2023. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 18 on volume of 249,380 shares. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. Volume today is 182,926 compared to average volume of 205,534. 18 from the previous closing price of $79. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. 50 to $137. 67 (2. 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. Besides, the duo will partner on the development of 324,000. I watched the stock fall from nearly $300 to a. While no one is sure what will happen near-term with the cannabis sector, IIPR is still. 26, 2020 at 4:29 p. 1% move from the previous day. As a REIT, IIPR stock has shown some promising developments. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. A stock is considered to be oversold if the RSI reading falls below 30. 89%. Innovative Industrial Properties (IIPR 0. In the latest trading session. 87 per diluted share, in Q1.