This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. 75 -2. 14(0. 12 per share, beating the Zacks Consensus Estimate of $1. 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. Preferred stock, par value $0. Obviously, above-average dividend yield and above-average dividend growth can be a very, very powerful. (Motley Fool) Innovative Industrial Properties, Inc. 3 million in the 1st quarter of 2019. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). 50. 18, Innovative Industrial Properties ( IIPR 3. 2021 and Feb. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 18. 4B and $440. This development will increase its costs and impact its. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 68%) has had a wild year. 52%) Q2 2023 Earnings Call. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. 2%, while the Industrial REITs industry saw earnings growing at 24. Yet, with shares. 37 50-Day Range $69. cannabis sector. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. On average, they predict the company's stock price to reach $2. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. S. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earnings IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. On average, they are forecasting that the company's top line will rise to $1. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. 5 brokers have issued 12-month price targets for Village Farms International's shares. 4% dividend yield. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. I wrote this article myself, and it. 20. 1 million in revenue, up 210% from the 1st quarter in 2019. m. Eric Volkman has no position in any of the stocks mentioned. The share price for Innovative Industrial Properties ( IIPR -3. is a real estate investment trust. 46%. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Our two-year price target for IIPR is $382. The analyst also reduced the stock's price target from $24. IIPR stock has become an investor favorite recently. (IIPR) stock is trading at $189. 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. The company then paid a quarterly dividend of $1. Honestly, stocks like this one really remind me of what Peter Lynch said about. 48K Follower s Summary Innovative Industrial Properties enjoys rising. 46%. 15 in Dec 1, 2016. Innovative Industrial Properties, Inc. So why is Innovative Industrial Properties' stock falling? Investors have a. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 3% from the stock's current price. I wrote this article myself. 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. As a REIT, IIPR stock has shown some promising developments. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. 5. 4. 's stock may have disappointed insiders who bought US$192k worth of shares at an average price of US$96. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 8M respectively. 16 billion for 2024. 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. In addition, the company generated a net income of $11. 42% from the previous closing price of $185. 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. Innovative Industrial Properties's earnings are forecast to decline at 0. While income investors may be. 1% yield is indeed a reward for investors seeking the highest income potential. 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. 32% loss on the day. m. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 6% to. Furthermore, the stock is very good value based on its risk. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. IIPR has rewarded shareholders with a rapidly growing dividend. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. The stock still fell on the news and drifted lower again in June. The stock is on sale. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. 49% — by comparison, the average stock in Dividend Channel's. 25. These three cannabis stocks could eventually rally to higher highs. Innovative Industrial Properties ( IIPR -2. Securities. 4% dividend hike. 61 on the stock market today. 1% YOY growth in AFFO per share to $2. T. (IIPR) stock discussion in Yahoo Finance's forum. 95 so far today. After all, over the last three years, the company's. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. The Broker Recommendations chart displays the recommendations made by brokerage firms and are not a recommendation to buy or sell a share, but instead indicate of how the broker thinks the company. cannabis. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. As a result of the defaults, IIPR stock is down more than 20% since mid-January. 54 $79. 05 and $188. Image. 84% YTD and -74. 40%) -$1. (Motley Fool) Innovative Industrial Properties, Inc. Fortinet stock tumbled 16. Innovative Industrial Properties (IIPR) closed at $74. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 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. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. And if a dividend cut does happen, then an even greater sell-off. 50 per share on Oct. Do Wall Street analysts like Innovative Industrial Properties more than its competitors?The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 5% over the past four weeks to close the last trading session at $71. 8% so far, to 108. 13, marking a -1. Hexo stock has a weak 3 Composite Rating. But it also invests in shares of public companies. 47% during the next 3 months and, with a 90% probability hold a price between $61. Subscribe Now See Plans & Pricing. View real-time IIPR. 1% since its peak in November 2021. Innovative Industrial Properties Inc (IIPR) stock is trading at $92. NLCP is not listed on an exchange. 1% on Friday as of 2:24 p. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. 39, moving +1. 4%. Key Points. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. $2B. 1%. 12. Share your ideas and get valuable insights from the community of like minded traders and investors. 07 beats by $0. Meanwhile it can turn around and put that money to work getting a 16% annual return. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. Summary. com - September 15 at 10:19 AM. 07% while the S&P 500 has risen 0. Innovative Industrial Properties, Inc. News Videos Yahoo Finance Plus Screeners Crypto Sectors -40. 38 in the latest trading session, marking a +0. Innovative Industrial Properties, Inc. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. 7%-Yielding Dividend Stock Could Soar 68%. So if we consider whether. 65 represents a price-to-book ratio of 1. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. Cannabis. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. The common stock dividends declared for the last twelve months of $7. 89 at the end of this 3-month period. 04%. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. com users lately. 99 and $192. Tilray ( TLRY ): The company is seeing. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 95 per share. 0 and an annual dividend yield of 10. It operates through the following geographical segments: Arizona, California, Colorado, Florida. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. In the last reported quarter, Innovative Industrial delivered a surprise of 7. 13%), a provider of growing facilities for medical marijuana producers, fell 24. Based on its current numbers, IIP looks like. That kind of growth rate is similar to what traditional net lease peers report in the. Year-to-date, shares of IIPR stock have dropped by 59. 9. These three cannabis stocks could eventually rally to higher highs. Even if. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 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. It would not be so easy to call NLCP overvalued at a. Among. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 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. 5% in dividends. I wrote this article myself. 00 to $179. 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. 75 with a high price target of $179. Their VFF share price targets range from $1. (NYSE: IIPR) a real estate company focused on the U. 01 and. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 8% of its value on the day. 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. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 80 per share, reflecting an increase of 25% over dividends. (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. Securities. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . 00, with the highest IIPR stock price forecast at $95. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 62% ) released solid third-quarter results after the. Volume today is elevated. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. 83% as of 11:57 AM on Friday, Jan 20. 06 billion this year, to be followed by a leap to $1. S. Unlike competitors, Innovative Industrial Properties has a competitive moat. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Shares have tumbled 56% year-to-date. Over the past year the S&P 500 is lower by -12. stock was originally listed at a price of $19. comInnovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR 0. 83%) stock gained 4. The marijuana facility landlord has been in a downtrend for a bit, with the drop continuing into the new year. has led Innovative Industrial Properties ( IIPR. The company in April. 67 (2. IIPR is an exciting stock that some believe has significant upside. 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. 18, indicating a good swim trunk fit. 28 in the latest trading session, marking a -1. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. 7 attached. 26, 2020 at 4:29 p. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Shares are dirt cheap at a price/FFO of 10. 07 beats by $0. 83 1. S. 32 in the latest trading session, marking a +0. This development will increase its costs and impact its. Innovative Industrial Properties Inc (IIPR) stock is down 0. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. Johnson & Johnson. The consensus among . 3%. 92% at $100. Share prices are down 30% from November 2021 highs despite the company. 7%-Yielding Dividend Stock Could Soar 68%. 's stock may have disappointed insiders who bought US$192k worth of shares at an. Innovative Industrial Properties's earnings are forecast to decline at 0. 17%). Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 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. 5%. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. There are still. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. Currency in USD. Innovative Industrial Properties (IIPR) closed at $75. 3% to close at 52. Morgan analyst Michael Mueller downgraded the bank's rating on Medical Properties Trust from overweight to neutral in June. Meanwhile,. Stock Price Forecast. In detail, IIPR is acquiring approximately 92. Aug 03, 2023, 1:00 p. 80 per Common Share Contributes to Aggregate of $7. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Also, its 2022 AFFO was $234 million, or $8. The market has been avoiding cannabis stocks because of excess supply in. 01 in the past 12. S. Get powerful stock screeners & detailed portfolio analysis. Read what investors need to know about IIPR here. According to several analysts, the 7. yahoo. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. 1 million, or $1. So far 111,495 shares have traded compared to average volume of 204,355 shares. 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 has traded between $185. In their. 48 so far today. 22, but there could still be a solid upside left in the stock. Despite that, we assessed the recent pullback is healthy and. A submerged stock price doesn't necessarily mean a company is a bargain, however. Zacks Equity Research. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $68. The company, which specializes in. Share your opinion and gain insight from other stock traders and investors. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. IIPR had held up fairly well in past few days and 1-2 weeks, having dropped a little and much less compared to growth stocks. S. Innovative Industrial Properties (IIPR-1. The recent price decline of 3. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. In detail, IIPR is acquiring approximately 92. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. IIPR bounced up in November 2021, along with the. Summary. To sweeten the pot even more, it also. The stock's a buy even with slower growth. (NYSE: IIPR) a real estate company focused on the U. Follow. Find out why IIPR stock is a Hold. Some analyst estimates for the stock seem to be outdated. 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. 27, moving +0. 00 +3. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Innovative Industrial Properties Inc (IIPR) stock is trading at $109. 10%) were lower by as much as 17. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. This means. IBD cautions against buying stocks in a market correction. 2W 10W 9M. Story continues. The stock has traded between $88. Its 2022 revenue of $276 million was up 35% versus 2021. 55, moving +1. 3%. If the stock offerings are prudently managed this is a $200. View the latest Innovative Industrial Properties Inc. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last 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. 2% from the previous closing price of $182. 15. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Innovative Industrial Properties. 2022. 29, or -3. Innovative Industrial Properties ( IIPR 0. 22 (-1. During this time, the REIT tumbled from around $240 per share to as. The stock outpaced the S&P 500's daily loss of 0. At the moment, IIPR is trading at a premium to peers. By Aaron Missere. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. Mar 19, 2020. Shares now yield 5. But the bottom might finally be in for this small-cap REIT. The stock has traded between $167. 20 Innovative Industrial Properties, Inc. Half of the ratings on the mutual fund company are sells. It has also. 68%) has had a wild year. And make no. 00 and a low estimate of. com - September 13 at 4:17 AM. Innovative Industrial Properties (IIPR 0. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. 13%). 36 $125. This. Cannabis. View the latest Innovative Industrial Properties Inc. 15%. 11% while IIPR is lower by -59. 80x, respectively. 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. IIPR earned $5. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 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. So far 798,498 shares have traded compared to average volume of 464,816. 51%), the only real estate investment trust. Hexo has cut jobs and tried to shrink costs and lower its debt burden. (IIPR-0. 2. Innovative Industrial Properties, Inc. 34 -1. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. 62 at zenith of its stock price in next year following your. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 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. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. 8% in late trading Tuesday after closing up 2. Innovative Industrial Properties, Inc. 42. 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. What happened with shares of IIPR is a feature, not a bug, of the best REITs. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. 6% in Innovative Industrial Properties, Inc. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. In this video I talk about what will happen next with IIPR stock a. Out of . TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. But the bottom might finally be in for this small-cap REIT. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. (IIPR) stock is trading at $182. Equity REITs trade as a whole. Image source: The Motley Fool. 29%) is a cannabis-focused real estate investment trust (REIT) that has been falling sharply in value. 69 (business) days IIPR was below $79. The stock is on sale. 28, or 4. January 14, 2023 at 5:00 AM · 3 min read.