Why did innovative industrial properties stock doubles last year?
Jan 07, 2022 · Shares of real estate investment trust (REIT) Innovative Industrial Properties ( IIPR 0.78% ) were lower by as much as 17.5% at one point this week, according to data from S&P Global Market ...
Who sold IIPR stock in the last quarter?
Mar 19, 2020 · IIPR – Yesterday, shares of Innovative Industrial Properties (IIPR) dropped to $40. Yesterday, the market plummeted to levels we have not seen since 2017 as fears about the spread of the coronavirus mounted. Included in this plunge was Innovative Industrial Properties ( IIPR ), which dropped to $40. Many investors are wondering if the recent plunge is justified or is …
Is IIPR a good long term investment?
Feb 09, 2022 · Since going public at $20 a share in December 2016, Innovative Industrial Properties' stock has provided a total return of roughly 1,100%, scorching the S&P 500's 106% total return during those ...
How much did IPO (IIPR) raise in 2016?
Our findings are shocking: We believe IIPR has accumulated a highly toxic portfolio of low-quality assets. In our opinion IIPR either fails to do basic due diligence on its counterparts or is...
Is IIPR a strong buy?
Key Points. IIPR has become one of the hottest REITs with a 935% gain in share price in five years. Despite concern over its future growth prospects, IIPR is generating strong revenue with huge year-over-year gains. With share prices down 24%, it's a screaming buy for long-term dividend investors.Mar 24, 2022
Is IIPR stock overvalued?
Price to Book Ratio PB vs Industry: IIPR is overvalued based on its PB Ratio (2.9x) compared to the US REITs industry average (1.9x).
Is IIPR buy or sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What is IIPR target price?
Innovative Industrial Properties Inc (NYSE:IIPR) The 7 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 264.00, with a high estimate of 300.00 and a low estimate of 175.00. The median estimate represents a +39.76% increase from the last price of 188.90.
Is IIPR a REIT?
Innovative Industrial Properties Inc. is a new and emerging real estate investment trust (REIT) for the cannabis industry. The company focuses on the acquisition, ownership, and management of properties leased to state-licensed operators of medical-use cannabis facilities.Jan 20, 2022
How can I buy IIPR stock?
How to buy shares in Innovative Industrial PropertiesCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
What is power REIT?
Power REIT is a real estate investment trust (REIT) that owns real estate assets related to infrastructure assets, including properties for controlled Environment Agriculture (CEA), Renewable Energy and Transportation.
What sector is IIPR in?
Real Estate Investment TrustsKey DataLabelValueExchangeNYSESectorConsumer ServicesIndustryReal Estate Investment Trusts1 Year Target$270.0014 more rows
What type of REIT is IIPR?
real estate investment trustInnovative Industrial Properties (referred to as IIPR moving forward in this article) is a real estate investment trust, or "REIT". The company owns industrial properties for the production of medical cannabis that it leases to operators. The company's real estate portfolio includes 69 properties across 18 states.May 20, 2021
What does IIPR stand for?
IIPRAcronymDefinitionIIPRIndian Institute of Pulses ResearchIIPRInstitute of Insurance and Pension Research (Canada)IIPRIntelligence, Investigation and Protection Resources (Katy, TX)
What the Market Thinks
Dilution Issues
The first one is the prospect of a cannabis banking bill coming out of the Senate and gaining the signature of Donald Trump.
Signals & Forecast
The other big concern is kind of the opposite from the completion argument.
Support, Risk & Stop-loss
The Innovative Industrial Properties Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is Innovative Industrial Properties Inc. Class A stock A Buy?
On the downside, the stock finds support just below today's level from accumulated volume at $228.45 and $216.94. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Innovative Industrial Properties Inc.
The industrial REIT posted pretty solid earnings, but it appears investors were looking for more. Here's a quick look at the results
Innovative Industrial Properties Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
What happened
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
So what
Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( NYSE:IIPR), which owns marijuana-related assets, fell a sharp 16% in the first hour or so of trading on Feb. 25. The reason for the dour mood on Wall Street was the company's after-the-close earnings release on Feb. 24. Only the numbers were pretty good.
Now what
Innovative Industrial Properties reported a year-over-year revenue increase of roughly 110% in the fourth quarter of 2020, a massive increase for a REIT. Its adjusted funds from operations (FFO), a REIT metric similar to earnings for industrial companies, rose to $1.29 per share from $1.18 per share in the final quarter of 2019.
Is Innovative Industrial Properties a buy right now?
Innovative Industrial Properties has a unique niche and is prospering by serving as a funding source for the marijuana industry. Notably, the stock is up around 880% since its late-2016 IPO, so a pullback here isn't exactly shocking given that investors have clearly priced in a lot of good news.
What stocks does MarketBeat like better than Innovative Industrial Properties?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock.
When is Innovative Industrial Properties' next earnings date?
Wall Street analysts have given Innovative Industrial Properties a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Innovative Industrial Properties wasn't one of them.
How were Innovative Industrial Properties' earnings last quarter?
Innovative Industrial Properties is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.#N#View our earnings forecast for Innovative Industrial Properties.
How has Innovative Industrial Properties' stock been impacted by Coronavirus (COVID-19)?
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced its earnings results on Wednesday, August, 4th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.52 by $0.35.
How often does Innovative Industrial Properties pay dividends? What is the dividend yield for Innovative Industrial Properties?
Innovative Industrial Properties' stock was trading at $76.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IIPR shares have increased by 205.3% and is now trading at $234.99.#N#View which stocks have been most impacted by COVID-19.
Is Innovative Industrial Properties a good dividend stock?
Innovative Industrial Properties declared a quarterly dividend on Tuesday, June 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $1.40 per share on Thursday, July 15th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, June 29th.
