IIPR - Innovative Industrial Properties, Inc.
90.35 +0.27 (0.30%)
After hours: 5:18PM EDT
| Previous Close | 88.36 |
| Open | 87.87 |
| Bid | 90.35 x 800 |
| Ask | 95.00 x 1000 |
| Day's Range | 87.87 - 91.32 |
| 52 Week Range | 25.60 - 91.32 |
| Volume | 482,935 |
| Avg. Volume | 386,578 |
| Market Cap | 883.342M |
| Beta (3Y Monthly) | 1.78 |
| PE Ratio (TTM) | 120.11 |
| EPS (TTM) | 0.75 |
| Earnings Date | Mar 26, 2019 - Apr 1, 2019 |
| Forward Dividend & Yield | 1.80 (2.00%) |
| Ex-Dividend Date | 2019-03-28 |
| 1y Target Est | 73.50 |
- Market Realist•6 hours ago
Cannabis Stocks Roundup: Today’s Gains and Losses
CRON, ACB, CGC, APHA, and Other Cannabis Stocks Trend Lower(Continued from Prior Part)GainersIn the previous part of this series, we saw that most cannabis stocks (MJ) were trending lower today, but there were some gains as well.The gainers include
- Market Realist•8 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
- Market Realist•11 hours ago
March Update: Analysts’ Ratings for TLRY, IIPR, and SPRWF
March Update: Analysts’ Ratings for TLRY, IIPR, and SPRWFAnalysts’ ratings Cannabis stocks have been highly volatile. Playing the volatility game can be risky. Investors (HMMJ) could use analysts’ consensus view on a stock to gauge and
- Zacks•yesterday
Innovative Industrial Properties, Inc. (IIPR) Dips More Than Broader Markets: What You Should Know
Innovative Industrial Properties, Inc. (IIPR) closed at $88.35 in the latest trading session, marking a -1.69% move from the prior day.
- Motley Fool•yesterday
3 Pot Stocks With Skyrocketing Short Interest
Pessimists are coming out of the woodwork as the green rush takes shape.
- InvestorPlace•2 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.
- ACCESSWIRE•2 days ago
Trump Set The Table For A Billion-Dollar Industry: This Stock Could Benefit
- President Donald Trump wants the U.S. to reduce dependence on foreign sources of critical mineral commodities that are vital to the nation's security and economic prosperity. A new executive order has made this a priority, and it could help certain domestic mining and resource companies in a big way. - Lithium is one of the critical minerals, which makes sense as this key metal is barely mined in the U.S. despite the potential for very promising reserves.
- Motley Fool•2 days ago
The Only 4 Pure-Play Pot Stocks That Are Profitable on an Operating Basis
Excluding one-time benefits and fair-value adjustments, these are the true marijuana standouts.
- Motley Fool•3 days ago
Here's How Marijuana's Top Dividend Stock Expects to Pay Shareholders More
Find out why cannabis-related real estate could be a goldmine for investors.
Motley Fool•3 days ago5 Things From This Marijuana REIT's Earnings Call That Investors Should Know
Innovative Industrial Properties' management talked acquisition pipeline, entering the California cannabis markets, and more.
- Market Realist•3 days ago
Last Week Was a Good One for the Cannabis Sector
Last Week Was a Good One for the Cannabis SectorCannabis sectorLast week, the overall cannabis sector had a good week with most stocks and ETFs in the industry ending in positive territory. The Horizons Marijuana Life Sciences ETF (HMMJ) gained
- Benzinga•5 days ago
Medical Cannabis Cultivator Green Peak Innovations Raises $30 Million In Mezzanine Debt Round
Michigan-based Green Peak Innovations this week announced the closing of an oversubscribed mezzanine debt round worth over $30 million. The Cannabis Capital Conference returns to Toronto April 17-18! What ...
- ETF Trends•6 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 ...
- Motley Fool•6 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.
- Motley Fool•6 days ago
The Only Dividend-Paying Marijuana Pure-Play Stock Just Upped Its Payout (Again)
That's 200% dividend growth in less than two years from this unique pot stock.
Motley Fool•7 days agoInnovative Industrial Properties, Inc. Class A (IIPR) Q4 2018 Earnings Conference Call Transcript
IIPR earnings call for the period ending December 31, 2018.
- Market Realist•7 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
- ACCESSWIRE•7 days ago
Four Marijuana Stocks Reaching New Highs on Thursday
CORAL GABLES, FL / ACCESSWIRE / March 14, 2019 / There’s quite a bit to be said about the marijuana stock market, first of which is the fact that despite the cannabis industry still very much in its infancy, the market has been the site of significant excitement over the last few months. As public opinions on marijuana have begun to grow favorable, cannabis companies have started working their way into industries previously conceived to have no interest in anything related to cannabis. In addition to cannabis flower, medical experts have released studies indicating the potential benefits of cannabidiol as an anti-inflammatory as well as a reliever of acute anxiety.
- Motley Fool•7 days ago
Innovative Industrial Shows Marijuana Investing Isn't Just for Growers
The real estate investment trust is going through an explosive growth phase.
- MarketWatch•8 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 Wire•8 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
- Motley Fool•8 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.
- Market Realist•8 days ago
Cannabis Roundup: ACB, HEXO, and CTST Lead the Pack
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- Market Realist•8 days ago
HEXO Rose Due to Deal with Newstrike Brands
HEXO Rose Due to Deal with Newstrike BrandsHEXO roseEarly on March 13, HEXO (HEXO) rose after it announced that it will acquire Newstrike Brands. The deal will add ~470,000 square feet to the company’s capacity. HEXO said that the acquisition
- 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...
