05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. EPS is expected to decline by 1. 3%. 5M, which brings its debt-to-equity ratio to 15. May 18, 2023 at 12:00 PM · 4 min read. 23% while the S&P 500 has gained 1. 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. 52%) and AFC Gamma (AFCG-0. 04. 20. 7%Innovative Industrial Properties ( IIPR 0. ET by Max A. 5%, and it has net margins of 54. The recent price decline of 3. 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. It had only collected 92. 00, the stock is currently trading with a (forward) P/AFFO of 22. IIPR has risen $0. And make no. (Motley Fool) Innovative Industrial Properties, Inc. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. 2%, while the Industrial REITs industry saw earnings growing at 24. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. This is almost twice the S&P 500. 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. com - September 15 at 10:19 AM. IIPR stock, innovative industrial properties is a REIT with significant upside potential. Cannabis. 13%), a provider of growing facilities for medical marijuana producers, fell 24. The safety that IIP's stock once offered investors is long gone. com - September 15 at 10:19 AM. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. 47 to $2. Cannabis. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 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. 6% off its high. 00, or 16%, Over Prior Twelve Months. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. By Aaron Missere. Shares are offering a tempting 6. IIPR earned $5. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. January 14, 2023 at 5:00 AM · 3 min read. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. The analyst also reduced the stock's price target from $24. 5% loss. That translates into around 50% growth per year, essentially doubling the current share price of $186. Lemonade is a one-time fintech wonder that has fallen on hard times of late. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. com - September 13 at 4:17 AM. If more cannabis businesses. The Price and Consensus chart displays the company's stock price along with the consensus estimate. 73 in the next year. 75 +0. com users lately. No other REIT could come close to this. (IIPR) 22 Comments Juxtaposed Ideas 8. S. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 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. The company also. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. The consensus among . marketbeat. comInnovative Industrial Properties, Inc. 06 billion this year, to be followed by a leap to $1. 46M beats by $2. Investor FAQs. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. Over the past year the S&P 500 is lower by -10. ET after. . 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 81K Follower s Summary Similar to MPW, IIPR continues to face. Meanwhile,. If the stock offerings are prudently managed this is a $200. Join the Conversation! Build your trading network; Follow your favorite assets. Summary. But then things turned south. This rating change. Having been one of the top performing stocks in the NYSE over the past five years, today IIPR trades as if it were a boring REITInnovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note. 73%) Q2 2023 Earnings Call. Its EPS Rating is a worst-possible 1. There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 50 to $137. IIPR bounced up in November 2021, along with the. The company then paid a quarterly dividend of $1. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. May. Wall Street analysts' overly optimistic recommendations cast doubt. Half of the ratings on the mutual fund company are sells. cannabis. Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. (IIPR) NYSE - NYSE. Analysts anticipate more growth. In the last reported quarter, Innovative Industrial delivered a surprise of 7. 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. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . I expect the IIPR stock price to move higher after months of falling. 83 1. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Besides, the duo will partner on the development of 324,000. comInnovative Industrial Properties, Inc. 66 50-Day Range $69. Summary. 7 attached. 5% at one point this week, according to data from S&P Global Market Intelligence. In our opinion, the award seems reasonable. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Given the current short-term trend, the stock is expected to fall -9. 00, with a high estimate of 179. Innovative Industrial Properties, Inc. Subscribe Now See Plans & Pricing. Share your ideas and get valuable insights from the community of like minded traders and investors. 14 per share, beating the Zacks. The stock was hit by a scathing short-seller report last month. Innovative Industrial Properties (IIPR 0. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. I wrote this article myself, and it. Over the past year the S&P 500 is down -14. Let's take a closer look at each company. 7%, and it occasionally disburses special dividends to return excess cash to investors. 's ( NYSE:IIPR ) stock may have disappointed. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. February 24, 2023 at 9:19 AM · 4 min read. The stock has traded between $167. 18, Innovative Industrial Properties ( IIPR 3. 13 buy point from a three-weeks-tight pattern. Currently, IIPR stock offers an attractive forward dividend yield around 9%. 99 $89. if you shorted IIPR on 4/18/22 for about $163 SH. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. 001 per share, 50,000,000 shares authorized: 9. 18% move from the prior day. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". 07% move from the prior day. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. Innovative Industrial Properties (IIPR) closed at $74. In exchange for about $110. 65 -1. The cannabis landlord company Cannabis is being legalized steadily across the U. 9% per annum. The New York-based MSO is down 73% over the last year and last reported a fiscal 2023 first-quarter cash and. Innovative Industrial Properties ( IIPR 0. We think falling share prices and deteriorating financials amongst IIPR’s borrowers should cause investors to reprice IIPR’s shares, given the mounting risks to its long-term loan book. Summary. In its latest quarter, IIPR delivered 5. IIPR stock fell 6% to 207 after hours in the stock market today. Its dividend has increased for five straight years as well. 7%-Yielding Dividend Stock Could Soar 68%. 95 so far today. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. 15, about 28% more than. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. is a real estate investment trust. Innovative Industrial Properties, Inc. 00, with the highest IIPR stock price forecast at $95. The S&P 500 index returned 3% last month. Innovative Industrial Properties ( IIPR -2. The current dividend yield for Innovative Industrial Properties is 8. 00, or 16%, over dividends declared for the prior twelve months. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 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. And if a dividend cut does happen, then an even greater sell-off. In this video I talk about what will happen next with IIPR stock a. IIPR stock has become an investor favorite recently. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. The safety that IIP's stock once offered investors is long gone. 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. 7% from the previous trading session. 62 at zenith of its stock price in next year following your. 54 $79. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. 75 a share -- giving the stock a dividend yield of 5. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. View real-time IIPR. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 84% YTD and -74. Our two-year price target for IIPR is $382. 11% while IIPR is lower by -59. 47 from the previous closing price of $92. . At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. 80 per Common Share Contributes to Aggregate of $7. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. ET. It would not be so easy to call NLCP overvalued at a. 75 on April 14, representing a 17% increase over Q4-21. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. IIPR stock fell 1. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 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. Expected Annual Pre-Tax Return. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 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. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Zacks Equity Research. The company is set to announce its earnings results on August 7. Kimbell Royalty Partners (KRP) Dividend Yield: 9. This move outpaced the S&P 500's daily. 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. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 24%) ranked as one of the hottest cannabis stocks in the industry. What happened with shares of IIPR is a feature, not a bug, of the best REITs. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 99 in the latest trading session, marking a -1. Innovative Industrial Properties's earnings are forecast to decline at 0. 8% of its value on the day. Like most other stocks in today's bear market, pessimism surrounding the economy and. 69 a share. Hexo has cut jobs and tried to shrink costs and lower its debt burden. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. 38 Volume 166,850 shs Average Volume 293,799 shs Market. 55% move from the previous day. 7% in the last week insiders who sold US$6. 40%) -$1. 5 million on this revenue, an increase of 248% from net income of $3. by Zacks Equity Research Published on October 12,2023. The company in April. I wrote this article myself, and it expresses my. Innovative Industrial Properties, Inc. (IIPR) 13 Comments Blake Downer 1. 15 per Common Share Declared in Last Twelve Months, Up $1. With a. Today's Change (7. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. IIPR's return is nearly. 54. At the time of this writing, the company has 60 consecutive years. At the. Specifically, Exxon Mobil (NYSE: XOM) is down 5. 12. S. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Innovative Industrial Properties's EBIT is $171. Innovative Industrial Properties' 9% short interest makes it interesting for investors to consider IIPR in their portfolio as the stock has short squeeze potential. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. Data by YCharts. 2. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. In this video I talk about what will happen next with IIPR stock a. 00 +3. 6% in Innovative Industrial Properties, Inc. 75 to $4. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. 6% per annum while its annual revenue is expected to grow at 2. The 28. 69 (business) days IIPR was below $79. 8 — by. 30 and could see higher highs. This change outpaced the S&P 500's 0. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. 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. 11x, lower than its 3Y pre-pandemic mean of 13. Innovative Industrial Properties, Inc. Full. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. S. Near its 52-week low, it's. 89%. 9% sequentially and has returned 17% overall. This is a business that started from zero only a few years ago. Their VFF share price targets range from $1. 97x and NTM Price/FFO Per Share of 13. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. At the moment, IIPR is trading at a premium to peers. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. Innovative Industrial Properties Inc (IIPR) stock is down 0. And that's showing up in Innovative. 61% gain on the day. (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. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 30 so far today. Since our last article, the stock price has declined by as much as 21%. The stock prices of its tenants have plunged. 8M respectively. 18. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. 8 per share that represents a 9. 54%. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. Based on its current numbers, IIP looks like. Prices are already falling and it’s only going to get worse. Shares of UnitedHealth Group ( UNH 0. As a result of the defaults, IIPR stock is down more than 20% since mid-January. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. It has also. Innovative Industrial Properties (IIPR 0. 25. 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. 95 per share. Innovative Industrial Properties ( IIPR -2. finance. 56. IIPR earnings call for the period ending June 30, 2023. 12 on volume of 167,616 shares. 18. The. 38%), it's easy to get complacent. Hexo stock has a weak 3 Composite Rating. 67 in the latest trading session, marking a +1. 6% yield. Stocks: Real-time U. 08% from the previous trading session. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 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's return on equity is 8. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 51%), the only real estate investment trust. 25 $80. 34 -1. 67 (2. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. 07 beats by $0. 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. Innovative Industrial Properties (IIPR) closed at $75. , especially for. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. 8% in late trading Tuesday after closing up 2. Share your opinion and gain insight from other stock traders and investors. By buying indoor cultivation space from marijuana companies. The company, which specializes in. 3% annually. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. And, if the stock price does fall, the short-seller would profit. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. 01 and. 02 Innovative Industrial Properties FFO of $2. Get the latest Innovative Industrial Properties, Inc. 16 billion for 2024. The stock has traded between $181. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. In their. As a REIT, IIPR stock has shown some promising developments. IIPR 72. 75 -2. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. 48, or 2. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. However, short sellers have. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. Innovative Industrial Properties Inc (IIPR) stock is trading at $169. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. . 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. The stock outpaced the S&P 500's daily loss of 0. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. Innovative Industrial Properties Inc (IIPR) stock is down 0. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. 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. Like most other stocks in today's bear market, pessimism surrounding the economy and. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. The IPO. 42.