What happened to innovative industrial properties stock?
Jan 07, 2022 · Shares of real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) were lower by as much as 17.5% at one point this week, according to data from S&P Global Market ...
Is IIPR a good long term investment?
Feb 25, 2021 · Shares of industrial real estate investment trust (REIT) Innovative Industrial Properties ( IIPR -7.50% ), which owns marijuana-related assets, fell a sharp 16% in the first hour or so of trading...
What's going on with IIPR?
In our opinion IIPR either fails to do basic due diligence on its counterparts or is defrauding investors.
Why the divergence between IIPR and PW?
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 stock to buy now?
Investors looking for total return investments with a long term time horizon should strongly consider IIPR. The selloff has pushed the dividend up to 3.2%, which is extremely attractive considering the market conditions and dividend growth potential.Feb 1, 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 a buy or sell?
The stock is on sale But given the unique market exposure IIPR provides investors within the cannabis industry and its strong past performance, today's price still makes it a valuable buy.Mar 24, 2022
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 buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
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
What sector is IIPR in?
Real Estate Investment TrustsKey DataLabelValueExchangeNYSESectorConsumer ServicesIndustryReal Estate Investment Trusts1 Year Target$270.0014 more rows
How can I buy 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.
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)
The industrial REIT posted pretty solid earnings, but it appears investors were looking for more. Here's a quick look at the results
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.
What the Market Thinks
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.
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.
10 Weed Stocks to Buy in 2022
The other big concern is kind of the opposite from the completion argument.
Innovative Industrial Properties (IIPR) Gains As Market Dips: What You Should Know
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In the latest trading session, Innovative Industrial Properties (IIPR) closed at $189.02, marking a +0.08% move from the previous day.
Signals & Forecast
If you're looking for stable businesses with long payout track records that appear set to continue, consider Chevron (NYSE: CVX), Innovative Industrial Properties (IIP) (NYSE: IIPR), and STORE Capital (NYSE: STOR).
Support, Risk & Stop-loss
A buy signal was issued from a pivot bottom point on Wednesday, February 23, 2022, and so far it has risen 7.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices.
Is Innovative Industrial Properties Inc. Class A stock A Buy?
Innovative Industrial Properties Inc. finds support from accumulated volume at $188.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Insiders are positive buying more shares than they are selling in Innovative Industrial Properties Inc
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.
Golden Star Signal
In the last 100 trades there were 342.88 thousand shares bought and 237.03 thousand shares sold. The last trade was done 46 days ago by Gold Alan D who bough 46.19 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Give a hoot -- don't dilute. Or is dilution okay if it's a marijuana stock?
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
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.