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Innovative Industrial Properties Inc. (IIPR)

Stock Price: $173.74 USD -8.42 (-4.62%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
After-hours: $173.80 +0.06 (0.04%) Mar 5, 7:54 PM
Market Cap 4.16B
Revenue (ttm) 116.90M
Net Income (ttm) 64.38M
Shares Out 19.44M
EPS (ttm) 3.27
PE Ratio 53.13
Forward PE 33.56
Dividend $4.47
Dividend Yield 2.57%
Trading Day March 5
Last Price $173.74
Previous Close $182.16
Change ($) -8.42
Change (%) -4.62%
Day's Open 182.44
Day's Range 160.91 - 182.73
Day's Volume 920,340
52-Week Range 38.62 - 222.08

News

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InvestorPlace - 5 days ago

Marijuana stocks are volatile right now. Cut through the noise with this ranking of seven leaders from best to worst.

Other stocks mentioned: CGC, CLVR, GTBIF, SNDL, TCNNF, TLRY
Investors Business Daily - 6 days ago

The IBD SmartSelect Composite Rating for Innovative Industrial Properties rose from 93 to 96 Monday. The post Innovative Industrial Properties Sees Its Composite Rating Rise To 96 appeared fir...

The Motley Fool - 1 week ago

They've been outperforming the market by wide margins and there's reason to expect much more growth ahead.

Other stocks mentioned: GRWG
The Motley Fool - 1 week ago

It's growing fast and has a compelling business model.

The Motley Fool - 1 week ago

All three should be long-term winners.

Other stocks mentioned: CRLBF, GRWG
Schaeffers Research - 1 week ago

Welcome back to our weekly series, Sc haeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks last week, and look ahead to how the cannabis industry...

Other stocks mentioned: APHA, ARNA, JAZZ, SNDL, TLRY, VFF, YCBD
The Motley Fool - 1 week ago

The case for Innovative Industrial Properties.

Other stocks mentioned: PW
The Motley Fool - 1 week ago

These profitable companies offer a safe way to gain exposure to the fast-evolving cannabis sector.

Other stocks mentioned: SMG
The Motley Fool - 1 week ago

The stock is being punished for not hitting analyst revenue and earnings estimates.

The Motley Fool - 1 week ago

Despite solid earnings from both of these companies, their shares suffered.

Other stocks mentioned: DPZ
The Motley Fool - 1 week ago

The industrial REIT posted pretty solid earnings, but it appears investors were looking for more. Here's a quick look at the results.

The Motley Fool - 1 week ago

But the cannabis-focused REIT didn't meet Wall Street's expectations.

Zacks Investment Research - 1 week ago

Innovative Industrial Properties (IIPR) delivered FFO and revenue surprises of -14.57% and -2.00%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahe...

Business Wire - 1 week ago

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. canna...

Investors Business Daily - 1 week ago

Innovative Industrial Properties earnings are due after the close. IIPR stock rose near a buy point.

InvestorPlace - 1 week ago

With many people seeking natural therapies to address pandemic-related stress, the backdrop is favorable for marijuana stocks. The post 8 Medical Marijuana Stocks That Are Just What the Doctor...

Other stocks mentioned: CRLBF, CRON, GRWG, GTBIF, JAZZ, TCNNF, TLRY
Zacks Investment Research - 1 week ago

With several states in the United States giving cannabis the green light, Innovative Industrial's (IIPR) investment in such properties is likely to have aided its Q4 performance.

The Motley Fool - 2 weeks ago

All three of these high-flying stocks should soar much higher.

Other stocks mentioned: CRLBF, GRWG
The Motley Fool - 2 weeks ago

If the market plunges, picking up these fast-paced companies at a discount would be a wise move.

Other stocks mentioned: AMZN, CRWD, DXCM
InvestorPlace - 2 weeks ago

Marijuana stocks could be the next hot trend in 2021, and with prospects of U.S. legalization, these stocks have plenty of upside potential. The post 4 Marijuana Stocks Looking to Make Inroads...

Other stocks mentioned: APHA, CRON, TCNNF
Schaeffers Research - 3 weeks ago

Welcome back to our weekly series, Sc haeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks last week, and look ahead to how the cannabis industry...

Other stocks mentioned: ACB, APHA, CGC, CRON, GNLN, HEXO, HUGE, KERN, VFF, YCBD
The Motley Fool - 3 weeks ago

If you're looking for cannabis-related investments for 2021, these companies are already profitable -- and poised to grow.

Other stocks mentioned: GRWG, TCNNF
Zacks Investment Research - 3 weeks ago

Innovative Industrial Properties (IIPR) closed at $210.12 in the latest trading session, marking a -0.88% move from the prior day.

The Motley Fool - 3 weeks ago

Not only are these companies growing, they're also profitable.

Other stocks mentioned: TCNNF
Business Wire - 3 weeks ago

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2020 after the market ...

Business Wire - 3 weeks ago

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. canna...

The Motley Fool - 1 month ago

These stocks offer great dividends and more.

Other stocks mentioned: ABBV, BIP
The Motley Fool - 1 month ago

Now's a great time to cut your losses and invest in these three long-term winners.

Other stocks mentioned: PINS, PRTS
Zacks Investment Research - 1 month ago

Innovative Industrial Properties (IIPR) closed the most recent trading day at $208.38, moving -0.21% from the previous trading session.

OTC PR Wire - 1 month ago

Cannabis stocks are on fire once again. There are a handful of top performing themes right now in the market, and cannabis stocks have moved back to the front of the pack for the first time si...

The Motley Fool - 1 month ago

No need to panic. These three stocks can handle whatever the market throws their way.

Other stocks mentioned: FSLY, INTU
Business Wire - 1 month ago

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2020 distributions as follows: Security Description: Common Stock...

Schaeffers Research - 1 month ago

Welcome back to our weekly series, Sc haeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks last week, and look ahead to how the cannabis industry...

Other stocks mentioned: ACB, APHA, ARNA, HUGE, TLRY, XXII, YCBD
The Motley Fool - 1 month ago

You can count on the dividends flowing and growing with these stocks.

Other stocks mentioned: ABBV, BIP
The Motley Fool - 1 month ago

The company is a favorite of marijuana investors, but it's a question of whether good potential remains in its business.

InvestorPlace - 1 month ago

Here are seven stock predictions in sectors that could benefit from the new administration in Washington The post 7 Stock Predictions For Biden's First Year appeared first on InvestorPlace. Mo...

Other stocks mentioned: AY, CAT, ENS, LTHM, HD, HMC
InvestorPlace - 1 month ago

REITs aren't all about the dividends -- some offer growth as well. Here are three for investors to keep on their short list.

Other stocks mentioned: CCI, DLR
Investopedia - 1 month ago

These are the marijuana stocks with the best value, fastest growth, and most momentum for February 2021.

Other stocks mentioned: AMRS, EGOV, GRWG
The Motley Fool - 1 month ago

The deal will put nearly $24 million directly into Harvest's coffers.

Other stocks mentioned: HRVSF
Seeking Alpha - 1 month ago

IIPR shares are flying higher seemingly all the time. The market opportunity is massive and growing.

Business Wire - 1 month ago

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. canna...

PRNewsWire - 1 month ago

PHOENIX, Jan. 25, 2021 /PRNewswire/ -- Harvest Health & Recreation Inc. ("Harvest") (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., to...

Other stocks mentioned: HRVSF
The Motley Fool - 1 month ago

This company is blazing a path with the way it helps cannabis companies finance their operations.

The Motley Fool - 1 month ago

Will the new administration in Washington reduce this number to zero?

Other stocks mentioned: CURLF
The Motley Fool - 1 month ago

This REIT checks all the boxes.

The Motley Fool - 1 month ago

There are many different ways to profit from the sector's growth.

Other stocks mentioned: GRWG, TCNNF
The Motley Fool - 1 month ago

There are significant advantages in investing in marijuana REITs over traditional growers.

Zacks Investment Research - 1 month ago

Innovative Industrial Properties (IIPR) closed at $196.65 in the latest trading session, marking a +0.53% move from the prior day.

OTC PR Wire - 1 month ago

Cannabis stocks remain on fire as Democrats take control of the White House and Congress. The ETFMG ETF (MJ) represents Canadian stocks, but the AdvisorShares Pure US Cannabis ETF (MSOS) repre...

The Motley Fool - 1 month ago

The cannabis industry has a bright future, and these two companies could be among its biggest winners.

Other stocks mentioned: CRLBF

About IIPR

Innovative Industrial Properties is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Industry
REIT-Industrial
IPO Date
Dec 1, 2016
CEO
Paul Smithers
Employees
15
Stock Exchange
NYSE
Ticker Symbol
IIPR
Full Company Profile

Financial Performance

In 2020, IIPR's revenue was $116.90 million, an increase of 161.71% compared to the previous year's $44.67 million. Earnings were $65.73 million, an increase of 180.00%.

Financial Statements

Analyst Forecasts

According to 7 analysts, the average rating for IIPR stock is "Buy." The 12-month stock price forecast is 217.17, which is an increase of 25.00% from the latest price.

Price Target
$217.17
(25.00% upside)
Analyst Consensus: Buy