Hexo stock has a weak 3 Composite Rating. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. Shares now yield 5. 1 million, or $1. 48 so far today. Expected Annual Pre-Tax Return. 7% in the last week insiders who sold US$6. This change lagged the S&P 500's daily gain of 0. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. After the change, there still remains approximately $33. 36, or -0. Stocks According to . 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. This lower stock price might have also set up new investors for outsize returns. 48, or 2. Markets, so far on Friday, appeared to take new. It operates through the following geographical segments: Arizona, California, Colorado, Florida. Despite that, we assessed the recent pullback is healthy and. comInnovative Industrial Properties, Inc. Shares of UnitedHealth Group ( UNH 0. 5%, and it has net margins of 54. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 80%) collapsed by more than 14. IIPR has risen $0. 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. 83%). Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. At. Mar 19, 2020. IIPR stock fell 1. . Despite the challenges, Innovative. In exchange for about $110. 18 on volume of 249,380 shares. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. 7 attached. S. 01%. The stock outpaced the S&P 500's daily. 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. May. 4% in August, according to data from S&P Global Market Intelligence. Down an incredible 61% this year, it has. 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. Its EPS Rating is a worst-possible 1. August 3, 2022 at 7:55 PM · 3 min read. 15. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. The S&P 500 index returned 3% last month. Share prices are down 30% from November 2021 highs despite the company. 00 per share), 600,000 shares. 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. Over the last four quarters. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 99 in the latest trading session, marking a -1. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. IIPR has fallen -$0. View the latest Innovative Industrial Properties Inc. Mar 19, 2020. The common stock dividends declared for the last twelve months of $7. Innovative Industrial Properties. During this time, the REIT tumbled from around $240 per share to as. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. I wrote this article myself. 3%. Volume today is elevated. Despite that, we assessed the recent pullback is healthy and. 02 Innovative Industrial Properties FFO of $2. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. In 2021, IIPR grew revenue by 75% and AFFO. 06 billion this year, to be followed by a leap to $1. SAN DIEGO, September 15, 2023 -- ( BUSINESS WIRE )--Innovative Industrial Properties, Inc. As a REIT, IIPR stock has shown some promising developments. 8 per share that represents a 9. 06 from the previous closing price of $92. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. T. 5. ". 3 million in cash. As a result, IIPR’s normalized FFO was $49. 11x, lower than its 3Y pre-pandemic mean of 13. The stock is on sale. 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. 45 per diluted. Mike Tyson will be joining our lineup in our Cannabis Event. Like most other stocks in today's bear market, pessimism surrounding the economy and. 28 in the latest trading session, marking a -1. 30 so far today. 32% loss on the day. Johnson & Johnson ( JNJ 0. stock was issued. The payout, in the meantime, has ballooned into double digits. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. In their. 75 a share -- giving the stock a dividend yield of 5. Image source: The Motley Fool. 8% in late trading Tuesday after closing up 2. 51%), the only real estate investment trust. (IIPR) stock news and headlines to help you in your trading and investing decisions. Innovative Industrial Properties, Inc. 50. com - September 15 at 10:19 AM. 75 a share -- giving the stock a dividend yield of 5. 54. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. The company, which specializes in. Image source: The Motley Fool. In detail, IIPR is acquiring approximately 92. This represents a significant discount to where U. (IIPR) stock to fall significantly during trading on April 15, 2022. IIPR earned $5. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. IIPR is currently trading at an EV/NTM Revenue of 10. by Zacks Equity Research Published on October 12,2023. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Innovative Industrial Properties's return on equity is 8. Specifically, Exxon Mobil (NYSE: XOM) is down 5. The trust's dividend pay-out. 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. Complete Innovative Industrial Properties Inc. The company then paid a quarterly dividend of $1. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. NYSE: IIPR Innovative Industrial Properties. 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. Zacks Equity Research. Rowe Price is another S&P 500 stock analysts are flagging investors away from. At. 94%. (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. 2W 10W 9M. In the latest trading session. 66 50-Day Range $69. They first came onto my radar back in 2020. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. 6% in Innovative Industrial Properties, Inc. Subscribe Now See Plans & Pricing. Innovative Industrial Properties ( IIPR -2. But IIPR is no longer the only publicly traded REIT in the medical marijuana. In this video I talk about what will happen next with IIPR stock a. 46M beats by $2. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 86% move from the previous day. . I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. Also, its 2022 AFFO was $234 million, or $8. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. I wrote this article myself, and. 58. Shares of Innovative Industrial Properties (IIPR-1. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. 62% ) released solid third-quarter results after the. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Find the latest Innovative Industrial Properties, Inc. (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. Currency in USD. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 56% (not including any dividends or dividend reinvestments). 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. The stock is trading at a low price-to-earnings ratio and offers a dividend yield above 6%, but the cannabis industry is not immune to volatility. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. 34 52-Week Range $63. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. This move outpaced the S&P 500's daily. Shares are dirt cheap at a price/FFO of 10. Innovative Industrial Properties (IIPR) $71. As a result, IIPR’s normalized FFO was $49. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. That translates into around 50% growth per year, essentially doubling the current share price of $186. 's ( NYSE:IIPR ) stock may have disappointed. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Innovative Industrial Properties distributed $1. The REIT owns a diversified portfolio of properties that cater to cannabis producers. The trend seems to continue down , but. Summary. This unique business sits at the corner. The falling knife stopped falling in May and has been showing higher hi's and higher lo's since. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. 54 $79. Learn more on IIPR's analyst rating history. S. falling by 79%. On this news, the price of IIPR stock fell more than 7% to close at $169. 79. Stocks: Real-time U. P. 2021 and Feb. 67 in the latest trading session, marking a +1. 78, marking a -0. S. Innovative Industrial Properties (IIPR-3. S. 44 so far today. But it also invests in shares of public companies. Securities. There are still. 00. (NYSE: IIPR) a real estate company focused on the U. According to a filing with the U. 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. 13%) has an incredible track record of not only paying but raising its dividend. IIPR has risen $0. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 6% in Innovative Industrial Properties, Inc. m. 00, or 16%, Over Prior Twelve Months. ET by Max A. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. Shares are offering a tempting 6. 01 and. Currency in. 5 brokers have issued 12-month price targets for Village Farms International's shares. 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. So far 111,495 shares have traded compared to average volume of 204,355 shares. 30 and could see higher highs. 38, moving -0. Innovative Industrial Properties has plunged by -31. 75 in the latest trading session, marking a -0. 61% gain on the day. 32 (+7. 18% move from the prior day. 26, 2020 at 4:29 p. m. As of June 30, 2022, we owned 111 properties comprising an. Innovative Industrial Properties's earnings are forecast to decline at 0. Today's Change (7. Get the latest Innovative Industrial Properties, Inc. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 03 (-1. 05 and $188. m. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. 7% from the previous trading session. 1%, which is absurd when you consider the dividend growth track record and potential future. 37 50-Day Range $69. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. com users lately. 13%). May. This change outpaced the S&P 500's 0. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. ET by Max A. 11% while IIPR is lower by -59. 01 in the past 12. I wrote this article myself, and. Summary. Its dividend has increased for five straight years as well. Summary. 36 $125. 6% per annum while its annual revenue is expected to grow at 2. 73% from the previous trading session. 24% while IIPR has. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. KLH49/iStock via Getty Images. Market Cap. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. Fortinet stock tumbled 16. 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. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Although recessionary fears are. 00, the stock is currently trading with a (forward) P/AFFO of 22. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. I discuss my thought process for REITs and trying to predict the future based on the past and present. The. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Its EPS Rating is a worst-possible 1. 38 in the latest trading session, marking a +0. At the time of this writing, the company has 60 consecutive years. m. 5%. SAN DIEGO, January 19, 2023--Innovative Industrial Properties, Inc. Future criteria checks 0/6. marketbeat. Our overall hedge fund sentiment score for IIPR is 59. 87 per diluted share, in Q1. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. S. 5% over the past four weeks to close the last trading session at $71. 82% move from the prior day. 77% move from the previous day. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. 1% move from the previous day. 4%. 1% and Real Estate Select Sector SPDR ETF falling 11. 89%. So far 798,498 shares have traded compared to average volume of 464,816. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. To sweeten the pot even more, it also. ET. Aug 03, 2023, 1:00 p. 7x price/FFO. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). 0%. Find the latest Innovative Industrial Properties, Inc. That kind of growth rate is similar to what traditional net lease peers report in the. 75 -2. 57% move from the prior day. 15 per Common Share Declared in Last Twelve Months, Up $1. 04. I watched the stock fall from nearly $300 to a. 65 represents a price-to-book ratio of 1. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Sep. Learn more on IIPR's dividend yield history. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. comInnovative Industrial Properties, Inc. 3% to access that capital. (IIPR) stock quote, history, news and other vital information to help you with your stock trading and investing. Investor FAQs. Today, in the low $90s, the REIT offers a dividend yield of 7. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. Innovative Industrial Properties (IIPR) $71. Zacks Equity Research. 3% from the stock's current price. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. 07 beats by $0. IIPR stock fell 1. The stock outpaced the S&P 500's daily loss of 0. Innovative Industrial Properties ( IIPR 0. Turning to the calls side of the option chain, the call contract at the $100. IIPR has posted truly impressive growth since it went public back in 2016. In my opinion, IIPR. The company then paid a quarterly dividend of $1. Out of . (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Preferred stock, par value $0. With shares trading at just 10-times earnings, this stock. Share prices are down 30% from November 2021 highs despite the company. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. . 16 billion for 2024. IIPR's avg. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. 0 and an annual dividend yield of 10. (Motley Fool) Innovative Industrial Properties, Inc. This development will increase its costs and impact its. 6% in January, according to data provided by S&P. 6% in January, according to. Like most other stocks in today's bear market, pessimism surrounding the economy and. 07, or 3. com - September 13 at 4:17 AM. 51%) (As of 11/21/2023 ET) Today's Range $79. 7% to 4,357. 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. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. In the 1st quarter of 2020, IIPR generated $21. 20. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. This compares to FFO of [email protected] on volume of 167,616 shares. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. IIPR Innovative Industrial Properties $75. 9B and total debt of $300. Innovative Industrial Properties (NYSE: IIPR) is, in my view, the best investment vehicle for investors to gain exposure to the rapidly-growing cannabis industry with relatively limited risk. 83%) stock gained 4. This lower stock price might have also set up new investors for outsize returns. 32, and AFFO rose from $1. 62 at zenith of its stock price in next year following your. S. 2022. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Innovative Industrial Properties, Inc. ” The news caused Industrial Properties, Inc. Summary. S. 84% YTD and -74. 73%. 6% off its high. 9% sequentially and has returned 17% overall. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. 83%) stock has been struggling mightily this year. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. The vast. 05 to $1. 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. The recent King Garden debacle. Unlike competitors, Innovative Industrial Properties has a competitive moat. IIPR bounced up in November 2021, along with the. Tobacco and alcohol tend to do well in times of recession or. 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. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 80%) looks like a promising stock to buy. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. 94MStock Price Forecast. Half of the ratings on the mutual fund company are sells. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state.