Over the past year the S&P 500 is lower by -10. Share prices are down 30% from November 2021 highs despite the company. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Despite that, we assessed the recent pullback is healthy and. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. S. Find the latest Innovative Industrial Properties, Inc. Summary. But then things turned south. If an investor was to purchase shares of IIPR stock at the current price. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. 5%. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. These three cannabis stocks could eventually rally to higher highs. 26, up sequentially from $2. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 75 on April 14, representing a 17% increase over Q4-21. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Full. Innovative Industrial Properties (IIPR 0. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 04. 13 buy point from a three-weeks-tight pattern. 02% from the previous closing price of $175. This change outpaced the S&P 500's 0. T. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Innovative Industrial Properties (IIPR-1. 18 from the previous closing price of $79. 81K Follower s Summary Similar to MPW, IIPR continues to face. 69 a share. Besides, the duo will partner on the development of 324,000. (Motley Fool) Innovative Industrial Properties, Inc. ". 01 and. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. So, it is worth exploring what lies ahead for the stock. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. (IIPR) NYSE - NYSE Delayed Price. January 14, 2023 at 5:00 AM · 3 min read. 87 per diluted share, in Q1. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. 12 on volume of 167,616 shares. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. During 2021 and year-to-date, IIP did not issue any shares of common stock under its “at-the-market” equity offering program, and as of February 23, 2022, had. $2B. 30 and could see higher highs. At. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. 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. Innovative Industrial Properties ( IIPR -2. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Its dividend has increased for five straight years as well. 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. 04%. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Volume today is elevated. 72%. The current dividend yield for Innovative Industrial Properties is 8. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. EPS is expected to decline by 1. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 6% in Innovative Industrial Properties, Inc. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. 1% move from the previous day. Innovative Industrial Properties ( IIPR 6. 28 in the latest trading session, marking a -1. IIPR stock has plunged over the last year, which has pushed its dividend yield up to about 6. 19 TCNNF Trulieve Cannabis $5. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. As you can see, based on IIPR's current stock price and our FY2022 AFFO/share estimate of $8. 6% to. Read more to see why NLCP stock is my top pick for 2023. 46M beats by $2. Innovative Industrial Properties, Inc. 5% per year. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. 38%), it's easy to get complacent. Shares rose as high as 222. The common stock dividends declared for the last twelve months of $7. 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. Shares now yield 5. Stocks According to . According to several analysts, the 7. 3% to access that capital. I last covered IIPR in August, where I rated the stock a buy on account of the 7. Image source: The Motley Fool. 82% move from the prior day. IIPR is down over 30% from its peak. Today's Change (7. The worsening macroeconomics. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 45 per diluted. May 4, 2023 at 12:00 PM · 4 min read. Zacks Equity Research. 5 million. The S&P 500 fell 1. 15%) At close: 04:00PM EST. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. This is a business that started from zero only a few years ago. IIPR is an exciting stock that some believe has significant upside. Innovative Industrial Properties, Inc. Zacks Equity Research. Its 2022 revenue of $276 million was up 35% versus 2021. 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. 09 on volume of 513,934 shares. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. 16 billion for 2024. 46%. 18% move from the prior day. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. 80x, respectively. 7%-Yielding Dividend Stock Could Soar 68%. So why is Innovative Industrial Properties' stock falling? Investors have a. marketbeat. (IIPR) stock is trading at $182. 5. 6% in Innovative Industrial Properties, Inc. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. 24% while IIPR has. This. So, Is IIPR Stock A Buy, Sell, or Hold? IIPR 5Y EV/Revenue and AFFO/ Per Share Valuations. Kimbell Royalty Partners (KRP) Dividend Yield: 9. 30% while IIPR is lower by -52. Its EPS Rating is a worst-possible 1. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 13%), a provider of growing facilities for medical marijuana producers, fell 24. But the bottom might finally be in for this small-cap REIT. The average twelve-month price prediction for Innovative Industrial Properties is $109. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Financial Health criteria checks 4/6. 26, 2020 at 4:29 p. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. The. 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. 1% YOY growth in AFFO per share to $2. 07 beats by $0. Summary. 86% from the previous closing price of $105. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. 13%). Innovative Industrial Properties ( IIPR 0. 13%) has an incredible track record of not only paying but raising its dividend. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. This. Shares have tumbled 56% year-to-date. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. I wrote this article myself, and. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Its share prices grew by 307% from its IPO in late 2016 to. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. 8 — by. 9% Cum. 6% in January, according to data provided by S&P. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. 75 with a high price target of $179. cannabis sector. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 58. With shares trading at just 10-times earnings, this stock. Zacks Equity Research. 34 52-Week Range $63. 5 million on this revenue, an increase of 248% from net income of $3. 2W 10W 9M. 83%) does, its strongest advantages, and its biggest weaknesses. Shares of Innovative Industrial Properties (IIPR-1. IIPR stock fell 1. Complete Innovative Industrial Properties Inc. IIPR has rewarded shareholders with a rapidly growing dividend. 18. 3% to close at 52. com - September 13 at 4:17 AM. 15. 37%. In the latest trading session. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 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. 13%), a provider of growing facilities for medical marijuana producers, fell 24. IIPR has made the most of its early to-market position. 7x price/FFO. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. S. IIPR is currently trading at an EV/NTM Revenue of 10. 51 during the height of the pandemic sell-off; 184 days above $75. The REIT owns a diversified portfolio of properties that cater to cannabis producers. The stock is trading at a low price-to. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. . There's a good reason for that, as the company's fifth-largest tenant, Kings Garden, defaulted on its rent of its six. 20. 18. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 4% on the day. 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 0. IIPR has rewarded shareholders with a rapidly growing dividend. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. S. 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. The payout, in the meantime, has ballooned into double digits. A submerged stock price doesn't necessarily mean a company is a bargain, however. Innovative Industrial Properties Inc (IIPR) stock is down 0. 12. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Innovative Industrial Properties ( IIPR 0. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 87%, while the broader index S&P. 18, Innovative Industrial Properties ( IIPR 3. Like most other stocks in today's bear market, pessimism surrounding the economy and. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. As one of the leading owners of industrial real estate leased to state. During this time, the REIT tumbled from around $240 per share to as. Innovative Industrial Properties (IIPR 0. 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. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. The company's annualized yield currently comes in at 2. 5 brokerages have issued 1 year price targets for Innovative Industrial Properties' shares. Currency in USD. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. m. 0 and an annual dividend yield of 10. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. 5% per year. finance. S. 51%), the only real estate investment trust. Results reflected better-than-expected revenues. Year-to-date, shares of IIPR stock have dropped by 59. Wall Street analysts' overly optimistic recommendations cast doubt. Elsewhere. 5% loss. IIPR earnings call for the period ending June 30, 2023. (Motley Fool) Innovative Industrial Properties, Inc. So, it is worth exploring what lies ahead for the stock. Equity REITs trade as a whole. 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. One company that's already well in the green and growing rapidly is Innovative Investment Properties (IIPR-1. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. Like most other stocks in today's bear market, pessimism surrounding the economy and. In the 1st quarter of 2020, IIPR generated $21. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. 80 per Common Share Contributes to Aggregate of $7. View the latest Innovative Industrial Properties Inc. Wall Street Thinks This 10. 67 (2. Markets, so far on Friday, appeared to take new. S. 07, revenue of $76. Innovative Industrial Properties's EBIT is $171. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Innovative Industrial Properties's return on equity is 8. The stock has traded between $88. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. Revenues have been growing at an average rate of 46% per year. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. Still, it. As a result, IIPR’s normalized FFO was $49. 61% gain on the day. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. The S&P 500 index returned 3% last month. 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. The stock prices of its tenants have plunged. IIPR is the largest player in the cannabis REIT space, and is a potentially good investment opportunity due to its high yield and low valuation, with risks already priced in. Volume today is light. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. IIPR's selloff has continued and shares have nearly been cut in half YTD. Here's why the stock's a winner that you might regret not buying more of when you had the chance. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. Their VFF share price targets range from $1. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 9% sequentially and has returned 17% overall. On Jan. 33% from the previous trading session. 15, your return over the last 6 years would have been 311. I wrote this article myself, and it expresses my. Look for the company to continue riding the cannabis wave as the market builds momentum over the next few years. 8%. However, short sellers have. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. 87%, while the broader index S&P. Analysts anticipate more growth. 5 brokers have issued 12-month price targets for Village Farms International's shares. 20 Innovative Industrial Properties, Inc. The company, which specializes in. Innovative Industrial Properties, Inc. S. The stock still fell on the news and drifted lower again in June. 75 to $4. 1M. 00 and a low price target of $80. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. Meanwhile,. 95 so far today. 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. It’s down 7% so far this month, and it’s currently trading at $114. 36 $125. m. Johnson & Johnson. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. 55, moving +1. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 2022. 42% from the previous closing price of $185. In exchange for about $110. 00 strike price has a current bid of $18. cannabis. The stock is down more than 50% from its November 2021 high. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. IIPR 72. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. Zacks Equity Research. has led Innovative Industrial Properties ( IIPR. 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. (IIPR) 22 Comments Juxtaposed Ideas 8. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. This change lagged the S&P 500's daily gain of 1. 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. Wall Street Thinks This 10. May 14, 2023 6:07 AM ET Innovative Industrial Properties, Inc. 8% of its value on the day. 50. 62% ) released solid third-quarter results after the. com - September 15 at 10:19 AM. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. IIPR stock has become an investor favorite recently. See more132% Rule Breakers High-growth Stocks 239% Free Article IIPR's Stock Price Plunged 22% -- Is it Still a Buy? By Liz Brumer-Smith – Mar 22, 2022 at 8:13AM. 68 per share on April 14, 2022. The recent price decline of 3. 47 from the previous closing price of $92. In the last reported quarter, Innovative Industrial delivered a surprise of 7. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. The stock is on sale. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 99 $89. This change lagged the S&P 500's daily gain of 0. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. Although recessionary fears are. 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. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 22, but there could still be a solid upside left in the stock. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. 75 in the latest trading session, marking a -0. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. 02 Innovative Industrial Properties FFO of $2. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. Hexo stock has a weak 3 Composite Rating. May 18, 2023 at 12:00 PM · 4 min read. This change lagged the S&P 500's daily loss of 1. ET. 32, marking a +0. 22 (-1. In addition, the company generated a net income of $11. Over the last five years, Innovative Industrial Properties ( IIPR 0. marketbeat. The trend seems to continue down , but. 68%) has had a wild year. Innovative Industrial Properties, Inc. Today's Range $78. Share your ideas and get valuable insights from the community of like minded traders and investors. IIPR stock fell 6% to 207 after hours in the stock market today. IIPR's shares are down more than 66% this year. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . IIPR stock fell 1. . 11% in terms of adjusted FFO per share. So far 111,495 shares have traded compared to average volume of 204,355 shares. Prices are already falling and it’s only going to get worse. finance. by Zacks Equity Research Published on October 12,2023.