By buying indoor cultivation space from marijuana companies. Cannabis. 000000; an Industry Subrating of Low; a. While income investors may be. NLCP is not listed on an exchange. IIPR's return is nearly. 1%, which is absurd when you consider the dividend growth track record and potential future. Shares of real estate investment trust (REIT) Innovative Industrial Properties (IIPR-1. Innovative Industrial Properties (IIPR) $71. As a REIT, IIPR stock has shown some promising developments. 00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25. Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. 79. AFFO came. 11% in terms of adjusted FFO per share. (NYSE:IIPR) Stock Holdings Trimmed by Gerber Kawasaki Wealth & Investment Management. The share price for Innovative Industrial Properties ( IIPR -3. marketbeat. The. The stock has traded between $185. (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. 32. At. But the bottom might finally be in for this small-cap REIT. 07 beats by $0. Hexo has cut jobs and tried to shrink costs and lower its debt burden. 09 on volume of 513,934 shares. There aren't many REITs that fit. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. 44 and paid out $7. 54%. 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. 99 in the latest trading session, marking a -1. 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. 58. 73, posting its worst daily performance since May 12. 19 TCNNF Trulieve Cannabis $5. For instance, if you were farsighted enough to invest in Innovative Industrial Properties (IIPR 2. Today, in the low $90s, the REIT offers a dividend yield of 7. ET by Max A. 00 +3. 's (NYSE:IIPR) value has dropped 5. 99. (IIPR) stock news and headlines to help you in your trading and investing decisions. marketbeat. ET by Max A. 6% to. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. The stock has traded between $88. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Currency in USD. IIPR stock fell 6% to 207 after hours in the stock market today. Wall Street Thinks This 10. The yield sits above 9% after the most recent 5. 90 -0. Cherney Cannabis REIT Innovative Industrial Properties shares fall. Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $79. Summary. Future criteria checks 0/6. 7 attached. Hexo Stock Chart. I'm just saying that in the current market buying IIPR on a "dip" is like catching a falling knife. 00. 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. IIPR buys properties and leases them to. 75 on April 14, representing a 17% increase over Q4-21. The company went public in 2020 with a mission to disrupt insurance sales by making the business more customer-focused. I wrote this article myself, and it expresses my. S. The stock outpaced the S&P 500's daily. 5%. For example, the recent IIPR share price of $68. SAN DIEGO, February 27, 2023--Innovative Industrial Properties, Inc. 13%) has an incredible track record of not only paying but raising its dividend. 83 1. Lemonade is a one-time fintech wonder that has fallen on hard times of late. 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. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. Get powerful stock screeners & detailed portfolio analysis. 86% from the previous closing price of $105. Also, its 2022 AFFO was $234 million, or $8. This suggests a possible upside of 38. Like the other names on this list, IIPR stock provides a substantial dividend yield, just under 8%. 08% from the previous trading session. After releasing an operating update on 1/18/23, Innovative Industrial ( NYSE: IIPR) dropped about 16% on the 19th. 40%) -$1. This change lagged the S&P 500's daily loss of 1. 26, up sequentially from $2. Innovative Industrial Properties (IIPR) closed at $74. 83 1. Plus the mkt is like a falling knife. 12 per share, beating the Zacks Consensus Estimate of $1. Innovative Industrial Properties's EBIT is $171. Let's take a closer look at each company. The market is currently questioning the viability of Innovative Industrial Properties' ( NYSE:IIPR) 8. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. 07, revenue of $76. 89%. 02 Innovative Industrial Properties FFO of $2. 03, 2023 9:00 AM ET Innovative Industrial Properties, Inc. 68 per share on April 14, 2022. Honestly, stocks like this one really remind me of what Peter Lynch said about. 75 a share -- giving the stock a dividend yield of 5. 4%. 001 per share, 50,000,000 shares authorized: 9. Its EPS Rating is a worst-possible 1. 00, with a high estimate of 179. The consensus among . I/we have no stock,. Expected Annual Pre-Tax Return. 03 (-1. 00, with a high estimate of 179. Market Cap. Image source: The Motley Fool. 29, or -3. IIPR's shares are down more than 66% this year. 73%) Q2 2023 Earnings Call. 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. IIPR has fallen -$0. IIPR data by YCharts. 50 to $137. So, it is worth exploring what lies ahead for the stock. comInnovative Industrial Properties, Inc. The REIT owns a diversified portfolio of properties that cater to cannabis producers. finance. Among. Innovative Industrial Properties ( IIPR 0. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Unlike competitors, Innovative Industrial Properties has a competitive moat. IIPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. 5%, and it has net margins of 54. Hexo has cut jobs and tried to shrink costs and lower its debt burden. In 2021, IIPR grew revenue by 75% and AFFO. 95 so far today. 75 +0. The stock has traded between $167. At the time of this writing, the company has 60 consecutive years. Summary. Series A stock information by Barron's. m. Stocks According to . Hexo stock has a weak 3 Composite Rating. (IIPR) stock discussion in Yahoo Finance's forum. 08 intraday, briefly clearing a 221. 54. stock was issued. 48%), referring to the cannabis company as a "marijuana bank" as. (NYSE: IIPR) a real estate company focused on the U. Even better. Hexo Stock Chart. if you shorted IIPR on 4/18/22 for about $163 SH. 10%) were lower by as much as 17. 95 per share. 01 in the past 12. Analysts anticipate more growth. NYSE: IIPR Innovative Industrial Properties. Innovative Industrial Properties (NYSE:IIPR) is not a cannabis stock per se. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. 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. 02. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator. 94 SMG Scotts Miracle-Gro $70. 3% annually. 25 $80. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). 55% move from the previous day. This change lagged the S&P 500's 1. 51 during the height of the pandemic sell-off; 184 days above $75. The company is set to announce its earnings results on August 7. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $181. Aug 03, 2023, 1:00 p. However, it tumbled further in the past week after the company was targeted by short-seller Blue. Full. Innovative Industrial Properties has plunged by -31. m. So far 111,495 shares have traded compared to average volume of 204,355 shares. Why Did IIPR Stock Drop Recently? IIPR was already down year-to-date along with most other stocks. cannabis sector. IIPR stock, innovative industrial properties is a REIT with significant upside potential. How much is Innovative Industrial Properties's annual dividend? The annual dividend for IIPR shares is $7. 6% per annum while its annual revenue is expected to grow at 2. S. 28, or 4. Share your opinion and gain insight from other stock traders and investors. 48K Follower s Summary Innovative Industrial Properties enjoys rising. Innovative Industrial Properties, Inc. Shares are dirt cheap at a price/FFO of 10. Full. 4B and $440. 34 52-Week Range $63. Currency in. 05 and $188. 06 from the previous closing price of $92. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2022 . IIPR TTM Dividend yield % consensus estimates (S&P Cap IQ) As a result, its forward dividend yields continue to look highly attractive, given the security of its payout ratios, within management's. According to my calculations, there is a growth potential of 22. 1 million in revenue, up 210% from the 1st quarter in 2019. This represents a significant discount to where U. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. The recent price decline of 3. 47 to $2. Over the last four quarters. IIPR has risen $0. 5% per year. cannabis. January 14, 2023 at 5:00 AM · 3 min read. Specifically, to demonstrate robust financial health with a 10% year-over-year revenue increase, solid net income growth and. 新闻 Innovative Industrial Properties (IIPR) → 股票、财务报表. 45 per diluted. They first came onto my radar back in 2020. 8 — by. Down 64%, it has done badly even for a marijuana stock -- the Horizons Marijuana Life Sciences ETF 's. Innovative Industrial Properties ( NYSE: IIPR) is the largest cannabis REIT in the US. In this video I talk about what will happen next with IIPR stock a. , especially for. If more cannabis businesses. Further, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) is down 8. IIPR's share prices have grown over 1,100% in just five years. Despite that, we assessed the recent pullback is healthy and. Innovative Industrial Properties, Inc. 48, or 2. Meanwhile, as of Wednesday’s mid-morning trading session, IIPR stock is trading lower on the day by 0. 5% in dividends. Innovative Industrial Properties ( IIPR -2. If an investor was to purchase shares of IIPR stock at the current price. 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. Yet, with shares. And, if the stock price does fall, the short-seller would profit. This entity does not cultivate cannabis or cannabis products, and it doesn’t operate retail dispensaries. S. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 5% loss. 00% Series A Cumulative Redeemable Preferred Stock (IIPR^A) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Summary. 7%Innovative Industrial Properties (IIPR) closed at $197. 34 -1. 13%), a provider of growing facilities for medical marijuana producers, fell 24. 13%). Innovative Industrial Properties Inc (IIPR) stock is trading at $109. 6% dividend yield. 05 to $1. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. The safety that IIP's stock once offered investors is long gone. 89%) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. 18. As of June 30, 2022, we owned 111 properties comprising an. IIPR Innovative Industrial Properties $75. has led Innovative Industrial Properties ( IIPR. Learn more on IIPR's analyst rating history. 廣告IIPR stock, innovative industrial properties is a REIT with significant upside potential. Down an incredible 61% this year, it has. 9. IIPR has since increased its dividend by 2. It operates through the following geographical segments: Arizona, California, Colorado, Florida. I think it will fall much further as time goes on. m. With shares trading at just 10-times earnings, this stock. 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. In the latest trading session. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. 04. 6% off its high. Today's Change (-1. 54 $79. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. The stock outpaced the S&P 500's daily loss of 0. Innovative Industrial Properties (NYSE:IIPR) dividend yield is 10. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. Specifically, Exxon Mobil (NYSE: XOM) is down 5. 36, or -0. 46%. S. 14(0. Like most other stocks in today's bear market, pessimism surrounding the economy and. 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. Innovative Industrial Properties ( IIPR 2. 42. 42. 07, revenue of $76. 8M making its interest coverage ratio. October 2, 2023 at 6:15 PM · 3 min read Innovative Industrial Properties (IIPR) closed at $74. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. 7% in Wednesday after-hours trading following after the cannabis REIT turned in Q2 results that beat Wall Street expectations. IIPR has rewarded shareholders with a rapidly growing dividend. Furthermore, the stock is very good value based on its risk. 82% move from the prior day. 38, moving -0. 2 analysts, 0 (0%) are recommending IIPR as a Strong Buy, 0 (0%) are recommending IIPR as a Buy, 2 (100%) are recommending IIPR as a Hold, 0 (0%) are recommending IIPR as a Sell, and 0 (0%) are recommending IIPR as a Strong Sell. The current dividend yield for Innovative Industrial Properties is 8. 75 with a high price target of $179. Marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -1. May. 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. NYSE: IIPR Innovative Industrial Properties. The stock outpaced the S&P 500's daily loss of 0. In the last reported quarter, Innovative Industrial delivered a surprise of 7. 8% in late trading Tuesday after closing up 2. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. (IIPR) stock news and headlines to help you in your trading and investing decisions. With a. The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. A bad year for investors in Innovative Industrial Properties ( IIPR -3. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0. No other REIT could come close to this. And if a dividend cut does happen, then an even greater sell-off. When you're a shareholder of a profitable, growing business like Innovative Industrial Properties (IIPR 2. 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. . In 2022, Innovative Industrial Properties had adjusted funds from operations per share of $8. Use the LANE30 code to get your 30% off of tickets discount today! Welcome to Cannabis Daily - Your daily. (IIPR) 22 Comments Juxtaposed Ideas 8. 80%) collapsed by more than 14. 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. 10 in dividends, for a dividend payout ratio of 84%. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. 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. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock has fallen -0. Follow. 72%. Aug 03, 2023, 1:00 p. 33% from the previous trading session. 7%, and it occasionally disburses special dividends to return excess cash to investors. Story continues. 00, or 16%, over dividends declared for the prior twelve months. IIPR Stock Valuation. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. 7% from the previous trading session. 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. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. 69 (business) days IIPR was below $79. 02% from the previous closing price of $175. Innovative Industrial Properties ( IIPR 0. Stocks Crypto Find real-time IIPR - Innovative Industrial Properties Inc stock quotes, company profile, news and forecasts from CNN Business. Innovative Industrial properties stock gains after solid Q2 earnings, revenue SA News Wed, Aug. 75% move from the prior day. IIPR earnings call for the period ending June 30, 2023. 15%. IIPR 72. IIPR earned $5. This is a business that started from zero only a few years ago. S. Innovative Industrial Properties (IIPR) has received quite a bit of attention from Zacks. 65 -1. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189. 50 per share on Oct. 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. 11% while IIPR is lower by -59. Find the latest Innovative Industrial Properties, Inc. 4% on the day.