Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Innovative Industrial Properties (IIPR)
NYSE:IIPR
RESEARCH TOOLSreports
Innovative Industrial Properties (IIPR) Stock Price & Analysis
4,118 Followers
IIPR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.52 - $113.75
Previous Close$107.75
Volume128.93K
Average Volume (3M)193.94K
Market Cap
$3.05B
Enterprise Value$3.18B
Total Cash (Recent Filing)$173.53M
Total Debt (Recent Filing)$296.80M
Price to Earnings (P/E)18.9
Beta1.35
Next Earnings
Jul 31, 2024EPS Estimate
$1.47Last Dividend Ex-Date
Jun 28, 2024Dividend Yield6.63%
Share Statistics
EPS (TTM)5.70
Shares Outstanding28,328,647
10 Day Avg. Volume164,535
30 Day Avg. Volume193,938
Standard Deviation0.14
R-Squared0.33
Alpha-0.00102
Financial Highlights & Ratios
Price to Book (P/B)1.58
Price to Sales (P/S)38.55
Price to Cash Flow (P/CF)10.70
P/FCF Ratio10.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.30
Enterprise Value/Gross Profit11.16
Enterprise Value/Ebitda25.81
Forecast
1Y Price Target
$144.50Price Target Upside34.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Innovative Industrial Properties News
PremiumStock Analysis & Ideas
IIPR Stock: Missed the Rally? More Upside Is Likely
Bulls Say, Bears Say
Bulls Say
Financial PerformanceIIPR's assets are now 95.3% leased, which shows an increase in occupancy and potential revenue stability.
Investment ReturnsThe company's investment in PharmaCann's NYC facility is estimated to yield just under 16.4%, significantly above the company's cost of equity capital.
Revenue GenerationThe company has signed leases for 588k SF over the past 12 months, indicating high demand for its cultivation/production facilities.
Bears Say
EarningsIIPR reported Core FFO below the expected consensus, indicating underperformance.
EarningsIIPR reported 1Q24 AFFO/sh of $2.21, slightly lower than estimates due to a lease amendment at a delayed development project.
Financial PerformanceEstimates for Core FFO in the coming years have been lowered due to decreased NOI.
---
Ownership Overview
3.39% Insiders
20.50% Mutual Funds
32.25% Other Institutional Investors
43.86% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
IIPR FAQ
What was Innovative Industrial Properties’s price range in the past 12 months?
Innovative Industrial Properties lowest stock price was $65.52 and its highest was $113.75 in the past 12 months.
What is Innovative Industrial Properties’s market cap?
Currently, no data Available
When is Innovative Industrial Properties’s upcoming earnings report date?
Innovative Industrial Properties’s upcoming earnings report date is Jul 31, 2024 which is in 28 days.
How were Innovative Industrial Properties’s earnings last quarter?
Innovative Industrial Properties released its earnings results on May 08, 2024. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.432 by -$0.072.
Is Innovative Industrial Properties overvalued?
According to Wall Street analysts Innovative Industrial Properties’s price is currently Undervalued.
Does Innovative Industrial Properties pay dividends?
Innovative Industrial Properties pays a Quarterly dividend of $1.9 which represents an annual dividend yield of 6.63%. See more information on Innovative Industrial Properties dividends here
What is Innovative Industrial Properties’s EPS estimate?
Innovative Industrial Properties’s EPS estimate is $1.47.
How many shares outstanding does Innovative Industrial Properties have?
Innovative Industrial Properties has 28,328,648 shares outstanding.
What happened to Innovative Industrial Properties’s price movement after its last earnings report?
Innovative Industrial Properties reported an EPS of $1.36 in its last earnings report, missing expectations of $1.432. Following the earnings report the stock price went down -2.683%.
Which hedge fund is a major shareholder of Innovative Industrial Properties?
Among the largest hedge funds holding Innovative Industrial Properties’s share is Lee Financial Group Hawaii, Inc.. It holds Innovative Industrial Properties’s shares valued at 869K.
---
Innovative Industrial Properties Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$144.50 (34.34% Upside)
$144.50 (34.34% Upside)
Blogger Sentiment
Bullish
IIPR Sentiment 92%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 53.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
59.29%
12-Months-Change
Fundamentals
Return on Equity
8.29%
Trailing 12-Months
Asset Growth
-0.57%
Trailing 12-Months
Company Description
Innovative Industrial Properties
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
---
IIPR Earnings Call
Q1 2024
0:00 / 0:00
---
IIPR Stock 12 Month Forecast
Average Price Target
$144.50
▲(34.34% Upside)
Technical Analysis
Best Analysts Covering IIPR
1 Year
1 Year Success Rate
9/26 ratings generated profit
1 Year Average Return
-9.58%
reiterated a buy rating 2 months ago
Copying Tom Catherwood's trades and holding each position for 1 Year would result in 34.62% of your transactions generating a profit, with an average return of -9.58% per trade.
---