Stock is falling and might fall more. 82% move from the prior day. 83%), which owns marijuana-related assets, fell a sharp 16% in the. Down an incredible 61% this year, it has. Innovative Industrial Properties (IIPR 0. P/AFFO by 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. 8% in late trading Tuesday after closing up 2. Even if the market is souring on cannabis stocks, cannabis companies will still have the need for IIP's capital. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 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. 44 and paid out $7. 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. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 5% per year. 5% loss. However, the liquidity crunch. 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. 38 in the latest trading session, marking a +0. . IIPR data by YCharts. Hexo Stock Chart. Specifically, Exxon Mobil (NYSE: XOM) is down 5. (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. Its EPS Rating is a worst-possible 1. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. Image. 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. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 19%) Will IIPR be a Portfolio Killer in October?Source: Shutterstock. On that note, shares of the cannabis cultivation real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0. Also, its 2022 AFFO was $234 million, or $8. 73%) Q2 2023 Earnings Call. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 38%) 19:00 EDT IIPR Stock Quote Delayed 30 Minutes. IIPR Stock Valuation. by Zacks Equity Research Published on October 12,2023. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. I wrote this article myself, and it expresses my. 33% as of 3:49 PM on Tuesday, Mar 21. It’s down 7% so far this month, and it’s currently trading at $114. 28 in the latest trading session, marking a -1. The stock is trading at a low price-to. Share your ideas and get valuable insights from the community of like minded traders and investors. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which dropped to $40. I expect the IIPR stock price to move higher after months of falling. 13%) has an incredible track record of not only paying but raising its dividend. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. 7%, and it occasionally disburses special dividends to return excess cash to investors. This lower stock price might have also set up new investors for outsize returns. The company then paid a quarterly dividend of $1. Cannabis. 00 +3. Stocks: Real-time U. Some analyst estimates for the stock seem to be outdated. After the change, there still remains approximately $33. Among. comInnovative Industrial Properties, Inc. 05 to $1. Share your opinion and gain insight from other stock traders and investors. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. 1%, which is absurd when you consider the dividend growth track record and potential future. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. S. Conv. 45 per diluted. 71 and $92. Its share prices grew by 307% from its IPO in late 2016 to. yahoo. IIPR earned $5. 45 per diluted. Innovative Industrial Properties (IIPR-3. The real estate investment trusts continued to bleed in Q3 with FTSE Nareit All Equity REITs index falling 11. 05 and $188. Our overall hedge fund sentiment score for IIPR is 59. 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. 12 on volume of 167,616 shares. 6% per annum while its annual revenue is expected to grow at 2. 5% in dividends. 90 -0. Read more to see why NLCP stock is my top pick for 2023. 13%). What happened. 00 per share), 600,000 shares. 02% from the previous closing price of $175. 00 and a low estimate of. IIPR earnings call for the period ending June 30, 2023. 6% yield. The stock outpaced the S&P 500's daily. Stocks According to . ET. More Information. 83%), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. 11% while IIPR is lower by -59. Check out why I'm neutral on IIPR stock. Furthermore, the stock is very good value based on its risk. This lower stock price might have also set up new investors for outsize returns. 62 as of 2:55 PM on Wednesday, Mar 16, a gain of $4. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. Innovative Industrial Properties distributed $1. 42. Read what investors need to know about IIPR here. comInnovative Industrial Properties, Inc. In the latest trading session. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. 15%. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. Market Cap. The S&P 500 index returned 3% last 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. 's stock may have disappointed insiders who bought US$192k worth of shares at an. Overall market sentiment has been down on Innovative Industrial Properties Inc (IIPR) stock lately. (IIPR) stock price, news, historical charts, analyst ratings and financial information from WSJ. S. Share your ideas and get valuable insights from the community of like minded traders and investors. 62 at zenith of its stock price in next year following your. 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. Find the latest Innovative Industrial Properties, Inc. ET. By buying indoor cultivation space from marijuana companies. Included in this plunge was Innovative Industrial Properties ( IIPR - Get Rating ), which. 3% on product revenue, and about 0% on revenue falling short of the double-digit beats seen in prior quarters. This means. The stock yields approximately 3% at the time of this writing, and its dividend has increased by. Elsewhere. As a result of the defaults, IIPR stock is down more than 20% since mid-January. Wall Street Thinks This 10. 42. 11x, lower than its 3Y pre-pandemic mean of 13. While income investors may be. In fact, since bottoming out in June, the REIT popped from about $64 to $82. The stock has traded between $181. 12. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. For example, the recent IIPR share price of $68. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. If you’re nibbling, here are three cannabis stock bargains to sock away for a future run. In our opinion, the award seems reasonable. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. kmatija. Innovative Industrial Properties ( IIPR -2. The. 6% in Innovative Industrial Properties, Inc. The stock still fell on the news and drifted lower again in June. 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 stock was hit by a scathing short-seller report last month. 42. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. 38%) five years ago, you'd be proudly sitting on a monster gain of nearly 660% today, and a. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Innovative Industrial Properties (IIPR) closed the most recent trading day at $81. The stock outpaced the S&P 500's daily loss of 0. IIPR Innovative Industrial Properties $75. 06 from the previous closing price of $92. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 07, revenue of $76. Innovative Industrial Properties, Inc. If you had invested in Innovative Industrial Properties stock at $19. 89 at the end of this 3-month period. Innovative Industrial Properties, Inc. IIPR stock fell 1. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. 00 and the lowest IIPR stock price forecast at $85. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 1% move from the previous day. 84% YTD and -74. The recent price decline of 3. is a real estate investment trust. Kimbell Royalty Partners (KRP) Dividend Yield: 9. As a result, IIPR’s normalized FFO was $49. A submerged stock price doesn't necessarily mean a company is a bargain, however. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. 30 and could see higher highs. 73%. 01 and. 13%), a provider of growing facilities for medical marijuana producers, fell 24. I wrote this article myself, and. As one of the leading owners of industrial real estate leased to state. This change lagged the S&P 500's 1. Join the Conversation! Build your trading network; Follow your favorite assets. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. 75 to $4. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. if you shorted IIPR on 4/18/22 for about $163 SH. IIPR has since increased its dividend by 2. On this news, the price of IIPR stock fell more than 7% to close at $169. EPS is expected to decline by 1. IBD cautions against buying stocks in a market correction. Tilray ( TLRY ): The company is seeing. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. 5%. The payout, in the meantime, has ballooned into double digits. Even if. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. IIPR stock has become an investor favorite recently. Summary. January 14, 2023 at 5:00 AM · 3 min read. 68% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. In exchange for about $110. On average, they predict the company's stock price to reach $2. 17%). 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. The cannabis REIT has fallen with the rest of the sector as marijuana growers face challenges and a short-seller attack. Volume today is 182,926 compared to average volume of 205,534. 82% move from the prior day. 84% YTD and -74. 12 per share, beating the Zacks Consensus Estimate of $1. 3 million in cash. Innovative Industrial Properties (IIPR 0. Results reflected better-than-expected revenues. 24%) is my favorite cannabis stock because of its highly stable yet profitable business model. Securities. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. This change lagged the S&P 500's daily gain of 0. Although recessionary fears are. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 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. com - September 13 at 4:17 AM. In my opinion, IIPR. 7% in the last week insiders who sold US$6. 22 to $380. 9% in Wednesday's after-hours trading session following the cannabis -industry-focused real estate investment trust's (REIT) release. Innovative Industrial Properties (IIPR) last ex-dividend date was on Sep 28, 2023. 04. The average twelve-month price prediction for Innovative Industrial Properties is $109. So, it is worth exploring what lies ahead for the stock. (IIPR) stock discussion in Yahoo Finance's forum. IIPR sellers battered the stock further as market operators probably anticipated a bruising collapse in funding conditions, leading to a significant credit crunch. 4% dividend yield. 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 REIT owns a diversified portfolio of properties that cater to cannabis producers. 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. 68%) has had a wild year. Pfd. With steady revenue and a generous dividend, IIPR stock is a unique marijuana play. 75 +0. (NYSE: IIPR) a real estate company focused on the U. 26. The stock's a buy even with slower growth. The share price for Innovative Industrial Properties ( IIPR -3. 8M respectively. 02%, for an annualized return of 26. 25. 2 Wall Street analysts covering (NYSE: IIPR) stock is to Hold IIPR stock. com users lately. 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. cannabis. is a real estate investment trust. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. 2% from the previous closing price of $182. Fortinet stock tumbled 16. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. S. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. Since 2016, IIPR has expanded their number of properties from 1 to 108, their. ET by Max A. 6% per annum while its annual revenue is expected to grow at 2. The S&P 500 fell 1. 00, with a high estimate of 179. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 24%) ranked as one of the hottest cannabis stocks in the industry. 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. S. Like most other stocks in today's bear market, pessimism surrounding the economy and. 6% to. 54 $79. Innovative Industrial Properties (IIPR) closed the most recent trading day at $88. S. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. While AFFO (and dividend) growth is slowing, shares trade at less than 9 times estimates, putting IIPR stock squarely into value territory. 03% move from the prior day. A stock is considered to be oversold if the RSI reading falls below 30. 6% in January, according to data provided by S&P. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. 1% and Real Estate Select Sector SPDR ETF falling 11. 07% move from the prior day. Given the current short-term trend, the stock is expected to fall -9. 30 and could see higher highs. 87 per diluted share, in Q1. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 3% from the stock's current price. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. stock was originally listed at a price of $19. T. 37 50-Day Range $69. 54%) has experienced this on the. The safety that IIP's stock once offered investors is long gone. According to a filing with the U. Revenues have been growing at an average rate of 46% per year. 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. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 52%) and AFC Gamma (AFCG-0. Get powerful stock screeners & detailed portfolio analysis. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Shares of Innovative Industrial Properties (IIPR-1. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 36 $125. falling by 79%. The company in April. 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. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. 5% per year. IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. 6% to. 62% ) released solid third-quarter results after the. Today, in the low $90s, the REIT offers a dividend yield of 7. 8% in late trading Tuesday after closing up 2. The consensus among . IIPR is currently trading at an EV/NTM Revenue of 10. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. There is no amount of upside to IIPR, however, that makes the preferred a viable investment. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. I last covered IIPR in August, where I rated the stock a buy on account of the 7. In the last reported quarter, Innovative Industrial delivered a surprise of 7. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. As a REIT, IIPR stock has shown some promising developments. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. 99 in the latest trading session, marking a -1. 0 and an annual dividend yield of 10. 87%, while the broader index S&P. On average, they are forecasting that the company's top line will rise to $1. 15. Earlier this year, Blue Orca Capital released a scathing short-seller report about Innovative Industrial Properties ( IIPR -1. The average IIPR stock target price of $158 suggests nearly 37% upside potential. 7%Innovative Industrial Properties (IIPR) closed at $197. (IIPR) stock is trading at $189. 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. Half of the ratings on the mutual fund company are sells. Despite that, we assessed the recent pullback is healthy and. Innovative Industrial Properties, Inc. The stock is on sale. According to my calculations, there is a growth potential of 22. Like most other stocks in today's bear market, pessimism surrounding the economy and. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly,. Hexo stock has a weak 3 Composite Rating. Even better. 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. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. finance. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. The safety that IIP's stock once offered investors is long gone. IIPR has fallen -$0. So why is Innovative Industrial Properties' stock falling? Investors have a. Eric Volkman has no position in any of the stocks mentioned. There is a reason why IIPR traded at a 1% to 3% dividend yield for nearly 4 years. IIPR At A Glance (IIPR) A core strength of Innovative is that they are far and away the largest of companies in this space with a market cap of over $2 billion and enterprise value approaching $2. Hexo has cut jobs and tried to shrink costs and lower its debt burden. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. 46M beats by $2. Image source: The Motley Fool. 4% dividend. 9. The stock lost almost 6. Today, in the low $90s, the REIT offers a dividend yield of 7. Meanwhile,. 99. 07% while the S&P 500 has risen 0. 89%. Markets, so far on Friday, appeared to take new. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. Expected Annual Pre-Tax Return. These three cannabis stocks could eventually rally to higher highs.