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Innovative Industrial Properties Inc. (IIPR)

NYSE: IIPR · Delayed Price · USD
244.50
-1.20 (-0.49%)
Pre-market:Sep 24, 2021 7:02 AM EDT
245.70
6.03 (2.52%)
At close: Sep 23, 4:00 PM
Market Cap5.73B
Revenue (ttm)163.17M
Net Income (ttm)94.46M
Shares Out23.89M
EPS (ttm)4.03
PE Ratio60.98
Forward PE33.22
Dividend$5.13 (2.09%)
Ex-Dividend DateSep 29, 2021
Volume183,276
Open243.00
Previous Close239.67
Day's Range240.87 - 247.68
52-Week Range109.85 - 253.61
Beta1.47
AnalystsBuy
Price Target257.00 (+4.6%)
Est. Earnings DateNov 3, 2021

About IIPR

Innovative Industrial Properties, Inc. 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.

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateDec 1, 2016
CEOPaul Smithers
Employees19
Stock ExchangeNYSE
Ticker SymbolIIPR
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 Forecast

According to 7 analysts, the average rating for IIPR stock is "Buy." The 12-month stock price forecast is 257.00, which is an increase of 4.60% from the latest price.

Price Target
$257.00
(4.60% upside)
Analyst Consensus: Buy

News

3 Hot Cannabis Stocks That Should be on Your Watchlist

Cannabis stocks are set to be the rage on Wall Street in hopes of legalization in the US. Thus, keep an eye on stocks like Tilray (TLRY), Innovative Industrial Properties (IIPR) & GrowGeneration (GRWG).

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1 day ago - InvestorPlace

Innovative Industrial (IIPR) Grows With Missouri Property Buyout

Innovative Industrial's (IIPR) Missouri property buyout and tie-up with CPC of Missouri - Smithville to help the REIT bank on solid opportunities in the company's markets and boost its top line.

2 days ago - Zacks Investment Research

Cannabis REIT Innovative Industrial Properties Enters Missouri Via $28.3M Deal With Calyx Peak's Subsidiary

Cannabis-focused real estate investment trust Innovative Industrial Properties, Inc. (NYSE:IIPR) has wrapped up the acquisition of a property in Missouri just a month following the purchase of Hancock, ...

3 days ago - Benzinga

Innovative Industrial Properties Acquires Missouri Property and Enters Into Long-Term Lease with CPC of Missouri – Sm...

SAN DIEGO--(BUSINESS WIRE)---- $IIPR #Dividendstocks--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regu...

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Innovative Industrial Properties could deliver both growth and income in nearly any market condition.

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These seven dividend stocks offer the perfect combination of income, growth potential and value. The post 7 Great Dividend Stocks To Buy In September For Insulation from Volatility appeared first on Inv...

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1 week ago - InvestorPlace

Innovative Industrial Properties Declares Third Quarter 2021 Dividends

SAN DIEGO--(BUSINESS WIRE)---- $IIPR #Dividendstocks--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regu...

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Innovative Industrial Properties Announces Commencement of Registered Exchange Offer for Its 5.50% Senior Notes Due 2026

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (“IIP”) (NYSE: IIPR) today announced that its operating partnership, IIP Operating Partnership, LP, has commenced an exchange offer for...

1 week ago - Business Wire

Here's Why Innovative Industrial Properties Could Double in Value By 2030

Collecting and reinvesting rent from its current tenants will be more than enough.

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Shares of dividend-paying Innovative Industrial Properties have doubled over the last year.

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