In fact, since bottoming out in June, the REIT popped from about $64 to $82. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. This represents a significant discount to where U. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 48%) are down by more than a third from its peak (in late 2021). A submerged stock price doesn't necessarily mean a company is a bargain, however. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Zacks Equity Research. This change lagged the S&P 500's daily gain of 0. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. The company is set to announce its earnings results on August 7. Let's take a closer look at each company. While income investors may be. I wrote this article myself, and. For example, the recent IIPR share price of $68. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. (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 (IIPR) closed at $88. 10%) is. 1% on Friday as of 2:24 p. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Cannabis. 99 and $192. m. 94M Why are analysts so bullish on IIPR stock? The company continues to report double-digit revenue and earnings growth, a raft of new acquisitions, and a high dividend yield. 7% and that's expected to grow by about 10. 4% dividend hike. 0%. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. Shares of Innovative Industrial Properties (IIPR) have gained 0. With a. 44%, not including the 9. falling by 79%. . 14(0. 52%) and AFC Gamma (AFCG-0. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. (IIP), the first and only real estate company on the New York Stock. 75 a share -- giving the stock a dividend yield of 5. I wrote this article myself. 89%. The Motley Fool. Innovative Industrial Properties has plunged by -31. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. Rowe Price is another S&P 500 stock analysts are flagging investors away from. 02 Innovative Industrial Properties FFO of $2. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 02% from the previous closing price of $175. 15%) At close: 04:00PM EST. Innovative Industrial Properties's earnings are forecast to decline at 0. Summary. (IIPR-0. 37%. 1% move from the previous day. 61% gain on the day. 5 brokers have issued 12-month price targets for Village Farms International's shares. Although recessionary fears are. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 91. m. 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. 73, posting its worst daily performance since May 12. 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. 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. Shares of UnitedHealth Group ( UNH 0. 08 intraday, briefly clearing a 221. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". But the bottom might finally be in for this small-cap REIT. However, it tumbled further in the past week after the company was targeted by short-seller Blue. The stock outpaced the S&P 500's daily loss of 0. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. Innovative Industrial Properties, Inc. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. 01 and. 9% sequentially and has returned 17% overall. 73%. The stock outpaced the S&P 500's daily loss of 0. finance. (IIPR) stock news and headlines to help you in your trading and investing decisions. 34 -1. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. 87 per diluted share, in Q1. So, it is worth exploring what lies ahead for the stock. Find the latest Innovative Industrial Properties, Inc. Hexo Stock Chart. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. Innovative Industrial Properties. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. 1 million, or $1. Innovative Industrial Properties's return on equity is 8. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. Find the latest Innovative Industrial Properties, Inc. Wall Street Thinks This 10. (IIPR) stock is trading at $182. IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. Still, it. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Innovative Industrial Properties, Inc. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. 9% per annum. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. Investor FAQs. IIPR earnings call for the period ending June 30, 2023. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. It had only collected 92. 7%Innovative Industrial Properties (IIPR) closed at $197. On average, they anticipate the company's stock price to reach $109. So if we consider whether. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. yahoo. 02, marking a -1. 26, 2020 at 4:29 p. Financial Health criteria checks 4/6. Get the latest Innovative Industrial Properties, Inc. 000000; an Industry Subrating of Low; a. 5% per year. 75% move from the prior day. 50 per share on Oct. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. More Information. 7%, and it occasionally disburses special dividends to return excess cash to investors. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. The stock prices of its tenants have plunged. Zacks Equity Research. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. 68%) has had a wild year. 44 and paid out $7. Learn more on IIPR's dividend yield history. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. The payout, in the meantime, has ballooned into double digits. 93%), Bank of America, Chevron, and Coca. Innovative Industrial Properties, Inc. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. S. 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. 3%. Innovative Industrial Properties ( IIPR -2. 75 to $4. By Aaron Missere. Data by YCharts. 50. IIPR has posted truly impressive growth since it went public back in 2016. The stock lost almost 6. 94%. 05 and $188. Innovative Industrial Properties, Inc. 7x price/FFO. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 9% per annum. As a result, IIPR’s normalized FFO was $49. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. Innovative Industrial Properties is down about 61%, while Cresco and Trulieve stock prices fell more than 70%. In the latest trading session. 11% in terms of adjusted FFO per share. Hexo has cut jobs and tried to shrink costs and lower its debt burden. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 68%) has had a wild year. As a result, IIPR’s normalized FFO was $49. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. 44 so far today. 95 per share. S. S. 48, or 2. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 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. Tobacco and alcohol tend to do well in times of recession or. Innovative Industrial Properties (IIPR 0. AFFO came. The yield sits above 9% after the most recent 5. Follow. Over the last five years, Innovative Industrial Properties ( IIPR 0. 32 in the latest trading session, marking a +0. Turning to the calls side of the option chain, the call contract at the $100. 8% in late trading Tuesday after closing up 2. NLCP is not listed on an exchange. 80 per share, reflecting an increase of 25% over dividends. The recent price decline of 3. As a REIT, IIPR stock has shown some promising developments. 00, the stock is currently trading with a (forward) P/AFFO of 22. Its EPS Rating is a worst-possible 1. Innovative Industrial Properties (IIPR-3. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 6% in Innovative Industrial Properties, Inc. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 09 on volume of 513,934 shares. 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. NYSE: IIPR Innovative Industrial Properties. Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. 16 billion for 2024. 00% Series A Cumulative. I last covered IIPR in August, where I rated the stock a buy on account of the 7. Also, its 2022 AFFO was $234 million, or $8. Innovative Industrial Properties Inc (IIPR) stock is down 0. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Look for opportunities to sell or SHORT Innovative Industrial IIPR at this time. Read more to see why NLCP stock is my top pick for 2023. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. 14 per share, beating the Zacks. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Investors frequently choose between dividend growth and current income, but. On this news, the price of IIPR stock fell more than 7% to close at $169. Its dividend has increased for five straight years as well. com - September 15 at 10:19 AM. 4% in August, according to data from S&P Global Market Intelligence. 39, moving +1. IIPR stock fell 1. 72%. Innovative Industrial Properties ( IIPR 0. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. On average, they predict the company's stock price to reach $2. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. The stock's a buy even with slower growth. 55% move from the previous day. KLH49/iStock via Getty Images. 7% on Friday and is 19. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. IIPR stock fell 1. 60%). Summary. In their. 58. Innovative Industrial Properties, Inc. 7% in the last week insiders who sold US$6. Like most other stocks in today's bear market, pessimism surrounding the economy and. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Cannabis. 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. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. August 3, 2022 at 7:55 PM · 3 min read. 32% loss on the day. IIPR buys properties and leases them to. Still, the stock's recent pullback is a good buying opportunity for new investors. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Innovative Industrial Properties ( IIPR 6. 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. IIPR stock fell 1. m. May 18, 2023 at 12:00 PM · 4 min read. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 99. 5625 per share of IIP’s 9. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 69 a share. , especially for. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 67 (2. 28 in the latest trading session, marking a -1. 51 during the height of the pandemic sell-off; 184 days above $75. Its EPS Rating is a worst-possible 1. 8 — by. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Here's why the stock's a winner that you might regret not buying more of when you had the chance. The common stock dividends declared for the last twelve months of $7. Kimbell Royalty Partners (KRP) Dividend Yield: 9. The company conducted an IPO in late November 2017 at $20 per share and listed on the New York Stock Exchange with the symbol "IIPR," and it traded below that price for more than a year. Cannabis stocks have fallen sharply in the past several years. 5%, and it has net margins of 54. (IIPR) stock to fall significantly during trading on April 15, 2022. 00 stock in one year. In the last reported quarter, Innovative Industrial delivered a surprise of 7. The recent price decline of 3. Fears over this REIT's future aren't as serious as many investors think. And that's showing up in Innovative. 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. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps. 30 so far today. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. In my opinion, IIPR. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. (IIPR) stock is trading at $189. A submerged stock price doesn't necessarily mean a company is a bargain, however. 75 +0. Expected Annual Pre-Tax Return. 71 and $92. After the change, there still remains approximately $33. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. 8M making its interest coverage ratio. IIPR paid a quarterly dividend of $1. 26. 75 on April 14, representing a 17% increase over Q4-21. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 65 -1. The recent price decline of 3. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 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. Innovative Industrial Properties, Inc. ConclusionWall Street is highly bullish about Curaleaf, Green Thumb, and. 4B and $440. 6% in Innovative Industrial Properties, Inc. That translates into around 50% growth per year, essentially doubling the current share price of $186. But IIPR is no longer the only publicly traded REIT in the medical marijuana. Summary. 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. 56% (not including any dividends or dividend reinvestments). 3 million in cash. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. In our opinion, the award seems reasonable. is a real estate investment trust. 6% per annum while its annual revenue is expected to grow at 2. 23% while the S&P 500 has gained 1. ET. Market Cap. 07% move from the prior day. 20 Innovative Industrial Properties, Inc. At. That kind of growth rate is similar to what traditional net lease peers report in the. 67 (2. 90 -0. 47 to $2. Innovative Industrial Properties, Inc. 00 and a low estimate of. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. 2% from the previous closing price of $182. The share price for Innovative Industrial Properties ( IIPR -3. The company, which specializes in. It operates through the following geographical segments: Arizona, California, Colorado, Florida. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. Story continues. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. 001 per share, 50,000,000 shares authorized: 9. Learn more on IIPR's analyst rating history. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of. 1%, which is absurd when you consider the dividend growth track record and potential future. Among. 77% move from the previous day. Morsa Images. 84 and $174. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 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. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 00 and a low estimate of. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Earnings per share increased from $1. IIPR bounced up in November 2021, along with the. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 36, or -0. . And, if the stock price does fall, the short-seller would profit. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 11x, lower than its 3Y pre-pandemic mean of 13. 5% in dividends. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. 91x and 23. Shares are offering a tempting 6. So why is Innovative Industrial Properties' stock falling? Investors have a. Unlike with other REITs, IIPR cannot expect to recover the lost income from defaulting tenants because it appears that the actual values of its properties are substantially below their carrying value on IIPR’s balance sheet. Hexo stock has a weak 3 Composite Rating. International. 00. This. 00. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. Honestly, stocks like this one really remind me of what Peter Lynch said about. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed.