What is the annual dividend for innovative industrial properties (IIPR)?
The annual dividend for Innovative Industrial Properties (NYSE:IIPR) is $6.00. Learn more How often does Innovative Industrial Properties pay dividends? Innovative Industrial Properties (NYSE:IIPR) pays quarterly dividends to shareholders. When was Innovative Industrial Properties's most recent dividend payment?
Who bought innovative industrial properties stock?
Company insiders that have bought Innovative Industrial Properties stock in the last two years include Alan D Gold, Gary A Kreitzer, and Mary A Curran. View insider buying and selling activity for Innovative Industrial Properties or or view top insider-buying stocks. How do I buy shares of Innovative Industrial Properties?
Is IIPR stock a buy at $160?
Fast forward a couple of years, and you'll notice that at a current price of around $160, the short seller report provided a good buying opportunity. Indeed, IIPR's management actually referenced the 2020 report in order to brush off the current one.
Does innovative industrial properties stock pay a meaningful dividend?
Innovative Industrial Properties pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends. Innovative Industrial Properties has only been increasing its dividend for 4 years. The dividend payout ratio of Innovative Industrial Properties is 138.57%.
Is IIPR a good stock to buy?
NYSE: IIPR Better yet, analysts expect the company's earnings per share to rise by nearly 18% next year, with profits for 2024 forecast to continue increasing, to $7.64 a share. There's one more kicker that makes Innovative Industrial's stock a good one to consider -- it pays a dividend.
Will IIPR stock go up?
Innovative Industrial Properties Inc (NYSE:IIPR) The 7 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 220.00, with a high estimate of 290.00 and a low estimate of 160.00. The median estimate represents a +96.94% increase from the last price of 111.71.
Is IIPR a Buy Sell or Hold?
The consensus among 4 Wall Street analysts covering (NYSE: IIPR) stock is to Strong Buy IIPR stock.
What is the target price for IIPR?
Stock Price Target IIPRHigh$290.00Median$220.00Low$160.00Average$221.29Current Price$113.36
Is IIPR undervalued?
As of 06/24/2022, Tangible Asset Value is likely to grow to about 2.2 B, while Free Cash Flow is likely to drop (485.8 M). Innovative Industrial retains a regular Real Value of $153.95 per share. The prevalent price of the firm is $119.33. At this time, the firm appears to be undervalued.
How can I invest in IIPR?
Find the stock by name or ticker symbol – IIPR – and research it before deciding if it's a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
Give a hoot -- don't dilute. Or is dilution okay if it's a marijuana stock?
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Yesterday, Innovative Industrial Properties ( NYSE:IIPR) -- a real estate investment trust specializing in investments in leasing industrial properties to medical marijuana producers -- announced it will be raising cash by floating an additional 1.25 million shares of common stock (plus a further 187,500 shares in an overallotment option if the issue proves especially popular with investors)..
Now what
That's not a huge surprise. After all, Innovative Industrial Properties stock was selling for north of $137 before today's offer price was revealed.
When will Innovative Industrial Properties release its earnings?
But this negative reaction may not last long.
Why is the payout ratio above 75% not desirable?
Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021. View our earnings forecast for Innovative Industrial Properties.
How much does Innovative Industrial Properties make?
Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Innovative Industrial Properties will have a dividend payout ratio of 62.43% next year. This indicates that Innovative Industrial Properties will be able to sustain or increase its dividend.
What is Innovative Industrial Properties's dividend yield?
Innovative Industrial Properties has a market capitalization of $4.84 billion and generates $116.90 million in revenue each year. The company earns $65.73 million in net income (profit) each year or $5.00 on an earnings per share basis.
How much is Innovative Industrial Properties's annual dividend?
The current dividend yield for Innovative Industrial Properties (NYSE:IIPR) is 3.10%. Learn more
How often does Innovative Industrial Properties pay dividends?
The annual dividend for Innovative Industrial Properties (NYSE:IIPR) is $6.00. Learn more
When was Innovative Industrial Properties's most recent dividend payment?
Innovative Industrial Properties (NYSE:IIPR) pays quarterly dividends to shareholders.
Is Innovative Industrial Properties's dividend growing?
Innovative Industrial Properties's most recent quarterly dividend payment of $1.50 per share was made to shareholders on Friday, January 14, 2022.
What track record does Innovative Industrial Properties have of raising its dividend?
Over the past three years, Innovative Industrial Properties's dividend has grown by 376.67%.
When did Innovative Industrial Properties last increase or decrease its dividend?
Innovative Industrial Properties (NYSE:IIPR) has increased its dividend for the past 5 consecutive years.
Why Did IIPR Stock Drop recently?
- IIPR was already down year-to-date along with most other stocks. However, it tumbled further in the past week after the company was targeted by short-seller Blue Orca Capital, a firm known for its activist style of investing. Blue Orca has claimed that IIPR's top two tenants are fraudulent and at risk of defaulting on their rent payments. It labele...
Growth Catalysts
- IIPR provides financing to cannabis companies by buying properties from them and then leasing the properties back. Given that cannabis is not federally legal yet in the U.S., not many institutions are willing to finance these companies. As a result, IIPR is one of the few players in this niche of real estate. In addition, the cannabis industry in North America is projected to reach $38.2 billio…
Risks
- Although IIPR is less risky compared to other cannabis stocks, it doesn't mean it's not without risks. It's possible that there are cannabis companies that are sketchy operators. The impact that this may have on IIPR is that they may be forced to discontinue operations if they are discovered to be breaking the law. In such a situation, rent payments can't be collected. Furthermore, it may …
valuation
- To value Innovative Industrial Properties, we will use the H-Model, which is similar to a three-stage dividend discount model. The H-Model assumes that growth will decelerate linearly over a specified period of time. We believe this is a reasonable assumption as companies gradually slow down as they mature. The formula is as follows: Stock Value = (CF(1+tg))/(r-tg) + (CFH(hg-tg))/(…
Wall Street's Take
- Turning to Wall Street, Innovative Industrial Properties has a Strong Buy consensus rating, based on four Buys, one Hold, and zero Sells assigned in the past three months. The average Innovative Industrial Properties price targetof $251.80 implies 52.1% upside potential.
Final Thoughts
- IIPR has been the target of short-sellers before that claimed similar issues as Blue Orca has. Nevertheless, the company has continued to grow and proven to be much more resilient than some may think. Moreover, the company's dividends are still expected to grow fast enough to suggest that IIPR is undervalued. As a result, we are bullish on the stock. Discover new investme…