IIPR - Innovative Industrial Properties, Inc.

NYSE - NYSE Delayed Price. Currency in USD
90.08
+1.72 (+1.95%)
At close: 4:02PM EDT

90.35 +0.27 (0.30%)
After hours: 5:18PM EDT

Stock chart is not supported by your current browser
Previous Close88.36
Open87.87
Bid90.35 x 800
Ask95.00 x 1000
Day's Range87.87 - 91.32
52 Week Range25.60 - 91.32
Volume482,935
Avg. Volume386,578
Market Cap883.342M
Beta (3Y Monthly)1.78
PE Ratio (TTM)120.11
EPS (TTM)0.75
Earnings DateMar 26, 2019 - Apr 1, 2019
Forward Dividend & Yield1.80 (2.00%)
Ex-Dividend Date2019-03-28
1y Target Est73.50
Trade prices are not sourced from all markets
  • Market Realist6 hours ago

    Cannabis Stocks Roundup: Today’s Gains and Losses

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  • Innovative Industrial Properties: Analysts’ View in March
    Market Realist8 hours ago

    Innovative Industrial Properties: Analysts’ View in March

    March Update: Analysts’ Ratings for TLRY, IIPR, and SPRWF(Continued from Prior Part)Innovative Industrial PropertiesLast week, Innovative Industrial Properties (IIPR) reported its earnings. The company reported sales of $4.7 million, which more

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  • Innovative Industrial Properties, Inc. (IIPR) Dips More Than Broader Markets: What You Should Know
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  • InvestorPlace2 days ago

    Why Marijuana REITs Are One of the Best Investments Today

    Legal marijuana is on the brink of explosive growth. But there are two key hurdles to overcome… and marijuana REITs like Innovative Industrial Properties (NYSE:IIPR) are solving them both.For growers, it's not easy to produce high-grade marijuana. Nor is it cheap -- and getting that funding is tricky. Until the U.S. government removes marijuana from its list of Schedule I drugs -- the ones considered most dangerous, like heroin -- most banks want no part of it. (No matter how bright the future looks.)For investors, the options have been limited, as that Schedule I label prohibits most U.S. companies from listing on the NYSE or NASDAQ.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNotice I said "most."IIPR stock is one of the few. Why can it list on those major stock exchanges? Because it never actually touches the plant. This is one of the smartest ways to invest in the exploding marijuana industry while it is still technically illegal federally. * Top 7 Service Sector Stocks That Will Pay You to Own Them Like all marijuana REITs, Innovative Industrial Properties simply plays landlord to the growers. Here's how it works: IIPR buys freestanding properties from medical marijuana growers licensed by their respective states. It then leases the properties back to the growers. This gives those growers an infusion of capital to expand their operations and increase production. In return, the REIT receives regular rent payments under a long-term lease.Pretty slick, huh? Wall Street is certainly taking notice:Institutional investors now hold 59% of IIPR stock. Big players like Vanguard, Blackrock, and Wellington were largely the ones to cash in when shares hit a new 52-week high on the company's March earnings report.But marijuana REITs are also popular among investors like you and me -- because of their unique business model, as well as their dividends.Take a look at Innovative Industrial Properties' earnings and you'll see its rental income is growing exponentially. Then, because of the REIT structure, at least 90% of that gets passed along to shareholders. Innovative Industrial Properties paid a $0.35 dividend in Q4 -- 40% higher than the previous year -- and it's already announced another dividend hike in Q1, to $0.45. That makes for a nice forward yield of over 2%. (This is even after the price of the stock nearly doubled since December.)IIPR is a great stock, and now everybody is finding that out.But I like to invest way BEFORE everyone jumps on board. Getting in before the crowd is how you make the big money. And that stock is up over 160% since I recommended it to my Investment Opportunities readers last August.Back in college, I bought a brand-new apparel stock called True Religion for $0.20 -- then it popped up above $20.That's actually what set me on my journey to New York City… my career with Charles Schwab, then my own firm, Penn Financial Group… and nowadays my newsletters, including Investment Opportunities.I got people into Intuitive Surgical (NASDAQ:ISRG) at $10. Now it's over $550. We saw GrubHub (NYSE:GRUB) go from $35 to $140.I like to wait a couple of months after the IPO before investing, to avoid early volatility. That's what I advised for Facebook (NASDAQ:FB), which did in fact make an early stumble before it went into the stratosphere. (I'm still waiting for Twitter (NYSE:TWTR) to "show us the money.")And now, I've got my eye on a company called Treehouse. The Next IIPR?Treehouse is one of the marijuana REITs I think you should put on your radar. It's an up-and-comer, and this one focuses on retail, in addition to cultivation facilities.On Monday, Treehouse announced that it had raised $45.5 million in a private deal. (And that was from a "federally-insured commercial bank" -- a great example of how marijuana REITs can break that funding barrier.) That's after the REIT raised $133 million in its spinoff from MedMen Enterprises (OTCMKTS:MMNFF) in January.Treehouse is looking to expand its lineup of cannabis retail and industrial facilities…… and I also think it's headed toward an IPO.That's right. Treehouse is still privately held, but maybe not for long.Large amounts of private fundraising tend to indicate a company is building toward its "exit" in the form of a public offering. One study from PitchBook found that venture capital-backed companies were raising an average of $108 million before an IPO.If the rumors start flying and you hear about Treehouse on TV, well… you heard it here first. I'll definitely be keeping an eye on this REIT -- and so should you.Now, don't get me wrong:If Treehouse goes public, it wouldn't necessarily be an automatic buy. There's some homework to do first: make sure the fundamentals back up the hype. And the timing has to be right.That's all part of my Cannabis Cash Calendar system, which I designed specifically for marijuana IPOs. The early results are impressive, if I do say so myself, including an 80% gainer in less than four months.I already have the date circled for my next recommendation -- just two weeks away, on April 4.You can get exclusive access to it as soon as it's released to my Investment Opportunities readers. Click here to learn more about this opportunity and how to get on the list to be notified.Even if you don't know a thing about the marijuana markets… even if you've never bought a stock before. You could take just a small stake, and potentially multiply that over the next 12 months. Click here for more on this incredible trend.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Why Marijuana REITs Are One of the Best Investments Today appeared first on InvestorPlace.

  • ACCESSWIRE2 days ago

    Trump Set The Table For A Billion-Dollar Industry: This Stock Could Benefit

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  • 5 Things From This Marijuana REIT's Earnings Call That Investors Should Know
    Motley Fool3 days ago

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  • Last Week Was a Good One for the Cannabis Sector
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  • ETF Trends6 days ago

    High-Flying Cannabis REIT Resides In This ETF

    Shares of Innovative Industrial Properties Inc. (NYSE: IIPR) rallied Wednesday after reporting better-than-expected fourth-quarter earnings. The stock is following through on those gains Thursday, extending ...

  • Marijuana REIT Innovative Industrial Posts Triple-Digit Revenue Growth
    Motley Fool6 days ago

    Marijuana REIT Innovative Industrial Posts Triple-Digit Revenue Growth

    In the fourth quarter, Innovative Industrial Properties' key AFFO per share metric surged 65% year over year.

  • The Only Dividend-Paying Marijuana Pure-Play Stock Just Upped Its Payout (Again)
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  • Innovative Industrial Properties, Inc. Class A (IIPR) Q4 2018 Earnings Conference Call Transcript
    Motley Fool7 days ago

    Innovative Industrial Properties, Inc. Class A (IIPR) Q4 2018 Earnings Conference Call Transcript

    IIPR earnings call for the period ending December 31, 2018.

  • Innovative Industrial Properties Up 3% on Solid Q4 2018 Results
    Market Realist7 days ago

    Innovative Industrial Properties Up 3% on Solid Q4 2018 Results

    Innovative Industrial Properties Up 3% on Solid Q4 2018 ResultsInnovative Industrial Properties announces Q4 2018 earnings Yesterday, Innovative Industrial Properties (IIPR) announced its Q4 2018 earnings. IIPR reported rental revenue of $4.7

  • ACCESSWIRE7 days ago

    Four Marijuana Stocks Reaching New Highs on Thursday

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  • MarketWatch8 days ago

    Cannabis REIT reports 111% revenue increase

    Cannabis real estate investment trust Innovative Industrial Properties Inc. shares rose 2.7% in the extended session Wednesday after it reported a 111% increase in revenue. The company reported fourth-quarter net income of $2.3 million, or 23 cents a share, compared with $284,000, or 7 cents a share, in the year-ago period. The company also paid a quarterly dividend of 35 cents a share on Jan. 15. Revenue rose to $4.8 million from $2.3 million in the year-ago period. There are three analysts covering Innovative Properties, which is not enough to a report a reliable FactSet consensus. Innovative Properties stock has gained 187% in the past year, with the S&P 500 index rising 1%.

  • Business Wire8 days ago

    Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2018 Results

    Acquisitions Drive 111% Q4 Revenue, 720% Q4 Net Income and 344% Q4 AFFO Growth Year-over-Year

  • Why Innovative Industrial Properties Is Up 72% So Far in 2019
    Motley Fool8 days ago

    Why Innovative Industrial Properties Is Up 72% So Far in 2019

    A focus on the marijuana industry is helping to propel this REIT's shares sharply higher.

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  • Why I Like Innovative Industrial Properties, Inc. (NYSE:IIPR)
    Simply Wall St.8 days ago

    Why I Like Innovative Industrial Properties, Inc. (NYSE:IIPR)

    Innovative Industrial Properties, Inc. (NYSE:IIPR) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the caseRead More...