The cannabis landlord company Cannabis is being legalized steadily across the U. 5 million on this revenue, an increase of 248% from net income of $3. Kimbell Royalty Partners (KRP) Dividend Yield: 9. Image. Mar 19, 2020. The stock is down more than 50% from its November 2021 high. Furthermore, the stock is very good value based on its risk. Let's take a closer look at each company. Innovative Industrial Properties is a cannabis REIT with a stock trading at a 7. Like most other stocks in today's bear market, pessimism surrounding the economy and. 55, moving +1. 4% in August, according to data from S&P Global Market Intelligence. 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. 68 +5. 15 per Common Share Declared in Last Twelve Months, Up $1. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. According to a filing with the U. 87%, while the broader index S&P. 4. The stock prices of its tenants have plunged. Over the past year the S&P 500 is lower by -10. 42. (IIPR) NYSE - NYSE Delayed Price. A second reliable ultra-high-yield dividend stock that stands out as a no-brainer buy in September is cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR-3. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. yahoo. NLCP is not listed on an exchange. Market Cap. 6% in Innovative Industrial Properties, Inc. 3 million in cash. 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. (IIPR) stock is trading at $182. Prices are already falling and it’s only going to get worse. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. To sweeten the pot even more, it also. 57% move from the prior day. 75 a share -- giving the stock a dividend yield of 5. It would not be so easy to call NLCP overvalued at a. 07% move from the prior day. 14 per share, beating the Zacks. Summary. the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry WHY IIPR WAS FORMED Specialized Real Estate U. The stock has traded between $167. IIPR: Raising target price to $104. 07, revenue of $76. 36 $125. 10%) were lower by as much as 17. 3% from the stock's current price. S. 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. In the last reported quarter, Innovative Industrial delivered a surprise of 7. IIPR is lower by -$0. Since our last article, the stock price has declined by as much as 21%. Innovative Industrial Properties (IIPR) closed at $75. Redeem. 50 to low of $46. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. The worsening macroeconomics. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. 73 in the next year. IIPR buys properties and leases them to. Cannabis stocks have fallen sharply in the past several years. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. This change lagged the S&P 500's daily loss of 1. IIPR Stock Valuation. Share your opinion and gain insight from other stock traders and investors. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. As they say, "The way to catch a falling dagger is instead to catch many plastic knives". Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. (IIPR) stock discussion in Yahoo Finance's forum. Even better. 94%. stock was issued. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. Share your ideas and get valuable insights from the community of like minded traders and investors. 08 intraday, briefly clearing a 221. 2% from the previous closing price of $182. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Over the past year the S&P 500 is lower by -12. On average, they anticipate the company's stock price to reach $109. Summary. Innovative Industrial Properties (IIPR) has been one of the stocks most watched by Zacks. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. Strong dividend paying companies in the US market. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. The payout, in the meantime, has ballooned into double digits. 8% in late trading Tuesday after closing up 2. IIPR stock fell 1. ” The news caused Industrial Properties, Inc. Innovative Industrial Properties, Inc. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . Innovative Industrial Properties's earnings are forecast to decline at 0. Innovative Industrial Properties (IIPR-3. Our overall hedge fund sentiment score for IIPR is 59. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 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's EBIT is $171. The trust's dividend pay-out. 33% as of 3:49 PM on Tuesday, Mar 21. 65 -1. Its EPS Rating is a worst-possible 1. The company also. Sometimes the price moves, both higher and lower, can be dramatic. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. The stock's a buy even with slower growth. Complete Innovative Industrial Properties Inc. 83%). The market has been avoiding cannabis stocks because of excess supply in. View daily, weekly or monthly format back to when Innovative Industrial Properties, Inc. 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. $2B. Over the past year the S&P 500 is down -14. 17%). On average, they are forecasting that the company's top line will rise to $1. With a. 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. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. Innovative Industrial Properties, Inc. Marijuana facilities REIT Innovative Industrial Properties has once again become a battleground stock. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 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. The. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. 00. 48 so far today. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. During this time, the REIT tumbled from around $240 per share to as. 08% from the previous trading session. 13%), a provider of growing facilities for medical marijuana producers, fell 24. And that's showing up in Innovative. 84% YTD and -74. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). comInnovative Industrial Properties, Inc. 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. 84%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. The company is still in growth mode and tied to an exciting new market, but investors may be ready for a breather. 7% on Friday and is 19. 5. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. m. 5 brokers have issued 12-month price targets for Village Farms International's shares. 50. Hexo Stock Chart. Investors frequently choose between dividend growth and current income, but. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. 38 in the latest trading session, marking a +0. The analyst also reduced the stock's price target from $24. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 11% in terms of adjusted FFO per share. Series A stock information by Barron's. Fears over this REIT's future aren't as serious as many investors think. Market Cap. Meanwhile, in early spring it raised. 00 and a low price target of $80. 1%. Still, IIPR remains one the best REITs on Wall Street, as well as one of the best marijuana stocks, according to. Innovative Industrial Properties, Inc. Wall Street analysts' overly optimistic recommendations cast doubt. 83%), which owns marijuana-related assets, fell a sharp 16% in the. In fact, since bottoming out in June, the REIT popped from about $64 to $82. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 86% from the previous closing price of $88. 30 and could see higher highs. The stock outpaced the S&P 500's daily loss of 0. 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. 75 in the latest trading session, marking a -0. 60%). 5% in dividends. 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. com - September 15 at 10:19 AM. The case also names IIPR’s CEO, Paul Smithers; its chief financial officer, Catherine Hastings; co. 99 and $192. At. falling by 79%. finance. S. Over the last four quarters. S. 52%) and AFC Gamma (AFCG-0. Innovative Industrial Properties has a total shareholder equity of $1. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. 18 from the previous closing price of $79. This. The recent King Garden debacle. This development will increase its costs and impact its. Equity REITs trade as a whole. Regarding dividend coverage, for Fiscal 2023, Wall Street expects the company to achieve AFFO/share of roughly $8. 58. 65 represents a price-to-book ratio of 1. This. Innovative Industrial Properties (IIPR 0. 00 strike price has a current bid of $18. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. Q1 2023 Cash Dividend of $1. Like most other stocks in today's bear market, pessimism surrounding the economy and. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. So, it is worth exploring what lies ahead for the stock. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. Over the past five years, the company's stock price has increased 382% while funds from operations per share have grown 2,690%. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. IIPR bounced up in November 2021, along with the. m. I wrote this article myself, and. 07 beats by $0. 00, or 16%, over dividends declared for the prior twelve months. IIPR is an exciting stock that some believe has significant upside. 51%), the only real estate investment trust. . 6% per annum while its annual revenue is expected to grow at 2. ET by Max A. EPS is expected to decline by 1. 83 1. . (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. 61% gain on the day. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 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. On this news, the price of IIPR stock fell more than 7% to close at $169. 34 -1. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. Innovative Industrial Properties ( IIPR 1. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. 5%, and it has net margins of 54. 00 and the lowest IIPR stock price forecast at $85. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. (IIPR) stock news and headlines to help you in your trading and investing decisions. Innovative Industrial Properties (IIPR) closed the most recent trading day at $68. T. NYSE: IIPR Innovative Industrial Properties. 38, moving -0. 9% dividend yield, as evident by the stock's never-ending decline from its November 2021 highs. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 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. Ascend has 4 leases with Innovative Industrial that form 10% of rental revenue. And make no. 83%) does, its strongest advantages, and its biggest weaknesses. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 1% since its peak in November 2021. EPS is expected to decline by 1. 4%. Half of the ratings on the mutual fund company are sells. 7% and that's expected to grow by about 10. IIPR has fallen -$0. Innovative Industrial Properties (IIPR-1. 73% from the previous trading session. 2022. It had only collected 92. 6% in Innovative Industrial Properties, Inc. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. 61 on the stock market today. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. On average, they predict the company's stock price to reach $2. 32 in the latest trading session, marking a +0. Innovative Industrial Properties ( IIPR -2. Stocks: Real-time U. 82% move from the prior day. Learn more on IIPR's dividend yield history. TipRanks | Stock Market Research, News and Analyst Forecasts - TipRanks. Hexo Stock Chart. (NYSE: IIPR) a real estate company focused on the U. The stock is trading at a low price-to. 46%. By Aaron Missere. Also, its 2022 AFFO was $234 million, or $8. 8% of its value on the day. KLH49/iStock via Getty Images. 10 in dividends, for a dividend payout ratio of 84%. The company is set to announce its earnings results on August 7. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, REFI either through stock ownership, options, or other derivatives. Innovative Industrial Properties (IIPR 0. Investors in IIPR stock thus get a double benefit — its rapidly rising dividend and price performance. So why is Innovative Industrial Properties' stock falling? Investors have a. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. 2 days ago · Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. Innovative Industrial Properties, Inc. No other REIT could come close to this. The Price and Consensus chart displays the company's stock price along with the consensus estimate. Like most other stocks in today's bear market, pessimism surrounding the economy and. The S&P 500 fell 1. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. com - September 13 at 4:17 AM. 1% since its peak in November 2021, triggered by the unlikely federal legalization and peak recessionary fears. When consumer prices first began spiking last year, both the Federal Reserve and investors were unperturbed. Follow. 01 in the past 12. February 24, 2023 at 9:19 AM · 4 min read. 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. Although recessionary fears are. 22 (-1. Summary. 6% yield. 80%) looks like a promising stock to buy. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. Innovative Industrial Properties ( NYSE: IIPR) stock has driven up 5. com - September 15 at 10:19 AM. According to a filing with the U. 99 in the latest trading session, marking a -1. 95 per share. 15%) $5. In the case of Innovative Industrial Properties Inc, the RSI reading has hit 29. S. IIPR stock is up 397% over the last 5 years but actually returned even more if you include dividend payments in the total return. By Aaron Missere. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. 50 to $137. A short attack is when an individual, or firm, sells stock short in the hopes that the stock price will fall. 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. 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. 94MStock Price Forecast. Besides, the duo will partner on the development of 324,000. Results reflected better-than-expected revenues. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. Get the latest Innovative Industrial Properties, Inc. Its dividend has increased for five straight years as well. A value trap is a stock or other investment that appears to be cheaply priced because it has been trading at low valuation metrics, such as multiples in terms of price to earnings (P/E), price to. Despite the challenges, Innovative. 09 on volume of 513,934 shares. 73, posting its worst daily performance since May 12. Still, the stock's recent pullback is a good buying opportunity for new investors. IIPR has risen $0. 44 so far today. 28 in the latest trading session, marking a -1. 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. Innovative Industrial Properties is good value based on its risk-adjusted 3y P/FFO/GY ratio of 1. 7. May. 93%), Bank of America, Chevron, and Coca. 000000; an Industry Subrating of Low; a. Today, in the low $90s, the REIT offers a dividend yield of 7. 2m worth of stock in the past 12 months have had less success. The recent price decline of 3. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. 06 billion this year, to be followed by a leap to $1. Let's explore whether Innovative stock is a good buy or a dangerous falling knife investors should avoid. IIPR paid a quarterly dividend of $1. 28 in the latest trading session, marking a -1. International. 6% per annum while its annual revenue is expected to grow at 2. According to several analysts, the 7. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. IIPR runs the risk of becoming a battleground income stock like Medical Properties Trust where near-perpetual issues with tenants reflect itself as forever angst around the payouts and a falling. SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. 95 so far today. The trend seems to continue down , but. August 3, 2022 at 7:55 PM · 3 min read. Year-to-date, shares of IIPR stock have dropped by 59. The average twelve-month price prediction for Innovative Industrial Properties is $109. 54%) has experienced this on the. Innovative Industrial Properties Inc (IIPR) stock is down 0. The stock fell as much as 17. However, the liquidity crunch. But it also invests in shares of public companies. 25 $80. The recent price decline of 3. I wrote this article myself. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. The recent price decline of 3. As these news came out in mid-July, IIPR's stock price has taken a significant hit. 7 attached. 86% from the previous closing price of $105. 39, moving +1. 62 at zenith of its stock price in next year following your. The market has been down on Innovative Industrial Properties Inc (IIPR) stock recently. marketbeat. 51 during the height of the pandemic sell-off; 184 days above $75. com users lately. 2% from the previous closing price of $182. Share your ideas and get valuable insights from the community of like minded traders and investors. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. 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. Cherney Cannabis REIT Innovative Industrial Properties shares fall after earningsOver the last year, all three stocks saw their stocks price fall. 15, about 28% more than. So if we consider whether. 75 +0. (IIPR) stock is trading at $189. In my opinion, IIPR. 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. In our opinion, the award seems reasonable. The Motley Fool. Innovative Industrial Properties ( IIPR 2. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 44 and paid out $7. P/AFFO by year. 5 million. 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. 36, or -0. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13.