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. The stock outpaced the S&P 500's daily loss of 0. This represents a significant discount to where U. Market Cap. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. This suggests a possible upside of 38. finance. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. Fortinet stock tumbled 16. If you were to glance at its holdings, you would conclude that it's betting the farm on Apple ( AAPL 0. 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. 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. Innovative Industrial Properties. Innovative Industrial Properties (IIPR) closed at $74. Subscribe Now See Plans & Pricing. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. 68%) has had a wild year. . 10%) were lower by as much as 17. Results reflected better-than-expected revenues. 83%) stock has been struggling mightily this year. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Innovative Industrial Properties's EBIT is $171. 65 -1. 02%, for an annualized return of 26. IIPR's selloff has continued and shares have nearly been cut in half YTD. Innovative Industrial Properties allows investors to participate in the booming cannabis market while receiving regular income through dividends. More Information. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 18. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. The stock pays a dividend, currently with a forward yield of nearly 0. Innovative Industrial Properties (IIPR) $71. Our two-year price target for IIPR is $382. 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 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. In this video I talk about what will happen next with IIPR stock a. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. At first glance, Innovative Industrial Properties (IIP) ( IIPR 1. 75 on April 14, representing a 17% increase over Q4-21. 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. Innovative Industrial Properties (IIPR 0. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. ET. Complete Innovative Industrial Properties Inc. 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. AFFO came. P. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. 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. Market volatility and concern over federal legalization of marijuana have sent IIPR's shares down 22%. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. Innovative Industrial Properties's return on equity is 8. Data by YCharts. 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. The share price for Innovative Industrial Properties ( IIPR -3. 34 -1. Currently, IIPR stock offers an attractive forward dividend yield around 9%. The stock is trading at a low price-to. 3%. IIPR earnings call for the period ending June 30, 2023. 94 SMG Scotts Miracle-Gro $70. 46%. I wrote this article myself. In exchange for about $110. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 00. This is a business that started from zero only a few years ago. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. Even if. T. Half of the ratings on the mutual fund company are sells. At the time of this writing, the company has 60 consecutive years. Earnings per share increased from $1. 1%. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. IIPR earned $5. Innovative Industrial Properties distributed $1. 30 so far today. 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. The safety that IIP's stock once offered investors is long gone. ET by Max A. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. com - September 15 at 10:19 AM. 44 and paid out $7. Innovative Industrial Properties ( IIPR 2. 61 on the stock market today. 20. Down an incredible 61% this year, it has. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. 4%. Starting in 2017, the company has raised the quarterly payout every year and most recently by 16% to $1. 50 to low of $46. May. In detail, IIPR is acquiring approximately 92. finance. falling by 79%. 07 beats by $0. 01 in the past 12. 49% — by comparison, the average stock in Dividend Channel's. 26, 2020 at 4:29 p. (IIPR) stock news and headlines to help you in your trading and investing decisions. I last covered IIPR in August, where I rated the stock a buy on account of the 7. 2021 and Feb. Innovative Industrial Properties ( IIPR -2. IIPR stock fell 1. Despite that, we assessed the recent pullback is healthy and. Shares of UnitedHealth Group ( UNH 0. 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. As of June 30, 2022, we owned 111 properties comprising an. 56% (not including any dividends or dividend reinvestments). 7. Today's Change (7. Based on its current numbers, IIP looks like. 30 and could see higher highs. 11x, lower than its 3Y pre-pandemic mean of 13. 9% per annum. 75 in the latest trading session, marking a -0. While income investors may be. StocksMoneyShow. J. 29, or -3. The stock still fell on the news and drifted lower again in June. Read what investors need to know about IIPR here. Future criteria checks 0/6. Revenues have been growing at an average rate of 46% per year. 26. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 5. Stocks CryptoFind real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. 5% in dividends. 00INNOVATIVE INDUSTRIAL PROPER has an Investment Rating of BUY; a target price of $104. Lemonade is a one-time fintech wonder that has fallen on hard times of late. This means. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. ". Besides, the duo will partner on the development of 324,000. 12. 81K Follower s Summary Similar to MPW, IIPR continues to face. 13%). Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 5% loss. Year-to-date, shares of IIPR stock have dropped by 59. Despite the fact that Innovative Industrial Properties, Inc. At the. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. 55, moving +1. 18 on volume of 249,380 shares. IIPR has since increased its dividend by 2. 87%, while the broader index S&P. 91x and 23. If more cannabis businesses. 83%) stock gained 4. 66 50-Day Range $69. 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. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. 13%), a provider of growing facilities for medical marijuana producers, fell 24. In their. The common stock dividends declared for the last twelve months of $7. (IIPR) 13 Comments Blake Downer 1. IIPR data by YCharts. S. Innovative Industrial Properties ( IIPR 0. $2B. IIPR Quarterly Total Debt / Operating Income (By Author) Their total equity has been growing. Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -2. In this video I talk about what will happen next with IIPR stock a. 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. Zacks Equity Research. 6% in Innovative Industrial Properties, Inc. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Summary. 3% annually. The. Innovative Industrial Properties stock just fell dramatically when the REIT announced operating results. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. For example, the recent IIPR share price of $68. 17%). Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. comInnovative Industrial Properties, Inc. Investors frequently choose between dividend growth and current income, but. As a REIT, IIPR stock has shown some promising developments. IIPR-A trades at a massively. 48, or 2. According to a filing with the U. . Stock is falling and might fall more. Series A stock information by Barron's. 15%. 99 $89. ET. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. 8M making its interest coverage ratio. Innovative Industrial Properties ( IIPR 1. IIPR's share prices have grown over 1,100% in just five years. The IPO. It operates through the following geographical segments: Arizona, California, Colorado, Florida. 8% of its value on the day. The recent price decline of 3. Still, the stock's recent pullback is a good buying opportunity for new investors. This change lagged the S&P 500's daily loss of 1. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. This. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. May 18, 2023 at 12:00 PM · 4 min read. IIPR is down over 30% from its peak. 99 in the latest trading session, marking a -1. 3 million in the 1st quarter of 2019. The Dow Jones. Despite the challenges, Innovative. 18, Innovative Industrial Properties ( IIPR 3. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. This change lagged the S&P 500's daily gain of 0. Innovative Industrial Properties, Inc. Eric Volkman has no position in any of the stocks mentioned. is a real estate investment trust. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. 01%. Markets, so far on Friday, appeared to take new. 36, or -0. 2% from the previous closing price of $182. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 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. 72%. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. If an investor was to purchase shares of IIPR stock at the current price. However, it tumbled further in the past week after the company was targeted by short-seller Blue. 02, marking a -1. 46M beats by $2. 94MStock Price Forecast. 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. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. No other REIT could come close to this. Aug 03, 2023, 1:00 p. The company in April. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Mar 19, 2020. Stocks According to . Innovative Industrial Properties (IIPR) $71. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Prices are already falling and it’s only going to get worse. Shares of UnitedHealth Group ( UNH 0. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. Its EPS Rating is a worst-possible 1. Redeem. Its EPS Rating is a worst-possible 1. EPS is expected to decline by 1. But it also invests in shares of public companies. IIPR's shares are down more than 66% this year. Today, in the low $90s, the REIT offers a dividend yield of 7. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Over the last five years, Innovative Industrial Properties ( IIPR 0. 3% from the stock's current price. Full. Tilray ( TLRY ): The company is seeing. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. This rating change. 7% and that's expected to grow by about 10. Zacks Equity Research. EPS is expected to decline by 1. com users lately. 00. So, it is worth exploring what lies ahead for the stock. 32 in the latest trading session, marking a +0. IIPR continues to be the only publicly traded REIT specializing in leasing property for medical marijuana. Innovative Industrial Properties (IIPR 0. IIPR stock fell 1. stock was originally listed at a price of $19. It would not be so easy to call NLCP overvalued at a. 15. As a result, IIPR’s normalized FFO was $49. 68 +5. And, if the stock price does fall, the short-seller would profit. Hexo has cut jobs and tried to shrink costs and lower its debt burden. Innovative Industrial Properties (IIPR) closed at $88. Despite that, we assessed the recent pullback is healthy and. 24% while IIPR has. 00 and a low price target of $80. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. 99 and $192. 78, marking a -0. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. The share price for Innovative Industrial Properties ( IIPR -3. 5%. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. The stock outpaced the S&P 500's daily loss of 0. 00 to $179. 6% in Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. In fact, with this latest hike, the company’s common stock dividends declared for the 12 months ending Sep 30, 2022, reached $6. Image source: The Motley Fool. 80 per Common Share Contributes to Aggregate of $7. On average, they anticipate the company's stock price to reach $109. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. S. And that's showing up in Innovative. Some analyst estimates for the stock seem to be outdated. 82% move from the prior day. Still, it. 7 attached. S. 3% to close at 52. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. Innovative Industrial Properties, Inc. 4% in early Monday trading after Compass Point upgraded the medical cannabis REIT to Buy from Neutral following its. Meanwhile it can turn around and put that money to work getting a 16% annual return. 32, marking a +0. Volume today is 182,926 compared to average volume of 205,534. Summary. 1% move from the previous day. The stock is down more than 50% from its November 2021 high. Innovative Industrial Properties ( IIPR 6. For the first quarter ended March 31, Innovative Industrial Properties Inc announced that its revenue increased by 50% year-over-year to $64. 4% dividend yield. Innovative Industrial Properties, Inc. (NYSE: IIPR) a real estate company focused on the U. 6% yield. The company, which specializes in. In our opinion, the award seems reasonable. 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. 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. What happened with shares of IIPR is a feature, not a bug, of the best REITs. The Price and Consensus chart displays the company's stock price along with the consensus estimate. What happened. With a. (IIPR) NYSE - NYSE Delayed Price. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 53 and $74. 83%), which owns marijuana-related assets, fell a sharp 16% in the. IIPR has risen $0. I wrote this article myself, and. Despite the challenges, Innovative. Volume today is 182,926 compared to average volume of 205,534. 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. 's stock may have disappointed insiders who bought US$192k worth of shares at an. 5% this week, after issuing shares and reporting a capital markets update. The stock has traded between $185. 16 billion for 2024. 15%. 86% move from the previous day. Mike Tyson will be joining our lineup in our Cannabis Event. , especially for. Shares now yield 5. 62% ) released solid third-quarter results after the. (IIPR) stock is trading at $182. 87 per diluted share, in Q1. (IIP), the first and only real estate company on the New York Stock. So far 798,498 shares have traded compared to average volume of 464,816. Key Points. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. Its 2022 revenue of $276 million was up 35% versus 2021. IIPR has rewarded shareholders with a rapidly growing dividend. Honestly, stocks like this one really remind me of what Peter Lynch said about. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 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. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. 19 TCNNF Trulieve Cannabis $5. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. Meanwhile,. 14 per share, beating the Zacks. stock was issued. 75 with a high price target of $179. The average IIPR stock target price of $158 suggests nearly 37% upside potential. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 7% in the last week insiders who sold US$6. 8 per share that represents a 9. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. February 24, 2023 at 9:19 AM · 4 min read.