IIPR - Innovative Industrial Properties, Inc.

NYSE - NYSE Delayed Price. Currency in USD
88.86
-0.15 (-0.17%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close89.01
Open88.35
Bid86.83 x 800
Ask90.39 x 1000
Day's Range88.25 - 91.27
52 Week Range31.61 - 93.24
Volume368,672
Avg. Volume464,615
Market Cap871.378M
Beta (3Y Monthly)1.69
PE Ratio (TTM)89.67
EPS (TTM)0.99
Earnings DateMay 9, 2019 - May 10, 2019
Forward Dividend & Yield1.80 (2.11%)
Ex-Dividend Date2019-03-28
1y Target Est85.50
Trade prices are not sourced from all markets
  • Pot's Premier Property Mogul Keeps Finding More Marijuana Opportunities
    Motley Foolyesterday

    Pot's Premier Property Mogul Keeps Finding More Marijuana Opportunities

    Cannabis-focused REIT Innovative Industrial Properties has had a prosperous 2019 so far.

  • Most Cannabis Stocks Ended in the Red Last Week
    Market Realist6 days ago

    Most Cannabis Stocks Ended in the Red Last Week

    Cannabis Sector Fell on CRON's Earnings and Trade Tensions(Continued from Prior Part)Sector declinesIn the week ending May 10, the overall market sentiment was pessimistic with the TSE Composite Index losing almost 1.2% The ETFMG Alternative Harvest

  • Hedge Funds Have Never Been More Bullish On Innovative Industrial Properties, Inc. (IIPR)
    Insider Monkey7 days ago

    Hedge Funds Have Never Been More Bullish On Innovative Industrial Properties, Inc. (IIPR)

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • What Stocks are on the U.S. Marijuana Index?
    Investopedia9 days ago

    What Stocks are on the U.S. Marijuana Index?

    The U.S. marijuana index has significantly outperformed the S&P 500, but it also carries additional risks. The marijuana industry is young and stock prices react to government discussion on related policies. Investors should expect volatility.

  • 4 Pot Stocks to Own for Full-Blown Federal Marijuana Reform
    InvestorPlace9 days ago

    4 Pot Stocks to Own for Full-Blown Federal Marijuana Reform

    A few months ago, I was thinking that medical marijuana would become legal in the United States by 2023, with recreational use to follow a few years later. I now expect it to be much sooner than that. And everyone who owns cannabis stocks stands to benefit-- perhaps by the 2020 election.One Republican who's close to President Trump, Dana Rohrabacher, is expecting it even SOONER: "as early as spring of 2019."Well, that's about where we are now. So it's time to get positioned in high-quality cannabis stocks with U.S. operations, if you haven't already.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNearly every Democratic presidential candidate has called for legalization. According to the insiders I've spoken with at cannabis conferences, President Trump is moving closer to introducing such a policy as well. The tax revenues alone would be more than any politician could pass up. * 7 Cloud Stocks to Buy on Overcast Days Already, the dominos are starting to fall -- which brings me to the first pot stock to own BEFORE legalization hits: Canopy Growth (CGC)One of the most important developments in the history of the U.S. marijuana industry hit the headlines just before the Easter holiday. Canadian cannabis giant Canopy Growth (NYSE:CGC) announced that once legalization is passed, it will buy a U.S.-based marijuana company called Acreage Holdings (OTCMKTS:ACRGF).Acreage already operates in 20 U.S. states, and was one of the first to tackle the East Coast market. Founder and CEO Kevin Murphy is a Wall Street transplant -- and incredibly well connected. Acreage's board includes three of the most important people on the planet: former U.S. Speaker of the House John Boehner, former Massachusetts governor and current presidential candidate William Weld, and former Prime Minister of Canada Brian Mulroney.Acreage has another advantage: the ability to manufacture and distribute on a national scale. That's thanks to its late-2018 acquisition of Form Factory.Canopy has already created billions in wealth for its shareholders, as you can see in the chart below. Imagine what it can do as the biggest player in the much-larger U.S. market.With marijuana illegal in the United States, pot stocks based here are still in the earlier part of that chart. The legal limitations result in the stocks trading at a major discount to their Canadian peers (for the moment). So, let's take a look at some of our highest-quality options. Innovative Industrial Properties (IIPR)Innovative Industrial Properties (NYSE:IIPR) is the only publicly traded marijuana real estate investment trust (REIT) - a vehicle that owns assets and must pay out 90% of its profits to shareholders.I've always loved the company's business model. It buys grow facilities from the growers, often providing them with much needed money for their businesses, and then leases the land back to them. Innovative Industrial Properties receives an initial base rent of 10%-16% of the total investment, and rent grows approximately 3%-4.5% a year. A typical lease is 10-20 years, with the targeted size of the initial deal from $5 million to more than $30 million.It's a win for the growers and a win for the company, which has grown to a market value of $780 million by repeating that acquisition and leaseback model over and over. As marijuana moves toward legalization in the United States, Innovative Industrial Properties is undoubtedly the best positioned real estate business.Not only is Innovative Industrial Properties the only marijuana stock to pay a dividend, it was the first to list on a major U.S. exchange. It began trading on the NYSE on December 1, 2016. Today, Innovative Industrial Properties is indeed the clear leader in marijuana real estate. Early investors have made a lot of money along the way…and many more will rush in the moment marijuana is legalized federally. iAnthus Capital (ITHUF)In October, iAnthus Capital (OTCMKTS:ITHUF) was part of the biggest marijuana merger of the time. By buying MPX Bioceuticals, iAnthus now has operations in 11 states, more than 60 retail locations, and over 500,000 square feet of cultivation and processing space.Most importantly for us as investors in marijuana stocks -- iAnthus is expected to be one of the first to turn a meaningful profit.iAnthus released its fourth-quarter numbers on April 2, with quarterly revenue coming in at $2.2 million on full-year sales of $4.5 million. Specifically, iAnthus generates revenue in nine of the 11 states it is currently approved to do business in. California should join that list as No. 10 in the next couple of months. The company has 21 dispensaries open with the ability to open 40+ more. It has a total of 200,000 square feet in cultivation and processing facilities in nine states and the potential to increase that to as much as 580,000 square feet.And it's about to expand even further. On March 29, iAnthus also announced that it would purchase CBD for Life, a national cannabidiol (CBD) brand in the United States. Its products are currently available in more than 750 retail outlets throughout the country. That number will likely skyrocket once marijuana is legal in every state. Charlotte's Web (CWBHF)No list of my favorite U.S. cannabis stocks is complete without Charlotte's Web (OTCMKTS:CWBHF), my pick for the InvestorPlace Best Stocks for 2019 Contest.Charlotte's Web is the world's leading brand by market share in the production and distribution of CBD wellness products. It gets its name from a five-year-old girl named Charlotte Figi whose grand mal seizures were drastically reduced -- from 300 per week to just two or three a month -- thanks to this company's high-quality CBD oil. It's an amazing story, and just one example of why this industry is set to grow 40X in the coming years.For these reasons, Charlotte's Web's jump to a major stock exchange in either the U.S. or Canada is inevitable, and I suspect the announcement is right around the corner. I see the company garnering more and more market share as CBD oil hits the shelves in CVS Health (NYSE:CVS) and Walgreens (NASDAQ:WBA) stores… just for starters. I Also Like Penny Pot Stocks. Here's WhyCanopy, Innovative Industrial Properties, iAnthus, and Charlotte's Web are the heavyweights in their markets. All of them started out as penny stocks.For that matter, so did Coca-Cola (NYSE:KO), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), and Microsoft (NASDAQ:MSFT). But people who invested with Steve Jobs and Bill Gates when they were operating out of garages are now, of course, incredibly wealthy. And these companies went from just a couple of employees -- to employing millions worldwide.You might own AAPL stock yourself. But many of the gains have already been made. For example, in the last two years, it's up 24%. In the same time, IIPR is up 387%, and CGC is up 480%.Think about it: It's easier to go from $0.50 to $3 per share, than it is to go from $200 to $1,200 per share.And while these stocks are so tiny, the "big money" on Wall Street is locked out. But not us. Click here to learn more.I've got a whole presentation for you on all the reasons I like penny pot stocks with U.S. legalization around the corner. But it boils down to their ability to innovate.It's about buying the equivalent of Apple before the iPhone… not Apple once it's cranking out more expensive versions of the same product.Now, when it comes to penny stocks, you've got to weed through a lot of trash. Let me show you my five-step method for picking the RIGHT penny stocks.After my presentation, you'll have the chance to learn about the four penny pot stocks my research is highlighting now. Actually, I'll throw in a fifth penny pot stock just for fun.With legalization about to hit possibly in the next few weeks - it's now or never.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 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 4 Pot Stocks to Own for Full-Blown Federal Marijuana Reform appeared first on InvestorPlace.

  • Marijuana REIT Innovative Industrial Posts Triple-Digit Profitability Growth
    Motley Fool9 days ago

    Marijuana REIT Innovative Industrial Posts Triple-Digit Profitability Growth

    In the first quarter, AFFO per share -- a key REIT profitability metric -- soared 135% year over year.

  • Business Wire11 days ago

    Innovative Industrial Properties Reports First Quarter 2019 Results

    Acquisitions Drive 146% Q1 Rental Revenue, 444% Q1 Net Income and 275% Q1 AFFO Growth Year-over-Year

  • APHA, EMH, GTIBF, and IIPR Lead the Gains in the Cannabis Sector
    Market Realist11 days ago

    APHA, EMH, GTIBF, and IIPR Lead the Gains in the Cannabis Sector

    APHA, EMH, GTIBF, and IIPR Lead the Gains in the Cannabis SectorCannabis sector risesThe overall market sentiment for the cannabis sector appears to have improved after the sell-off in the last few days. The Horizons Marijuana Life Sciences ETF

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  • Top Marijuana Stocks That Pay Dividends
    Investopedia13 days ago

    Top Marijuana Stocks That Pay Dividends

    When most people think of marijuana stocks, the last thing they think of is dividends. The legal marijuana industry is still very young, and new companies in growing industries need money to expand. Furthermore, U.S. investors in the marijuana space tend to currently focus on a handful of Canadian companies which have enjoyed the opportunity to list on U.S. exchanges.

  • How Did Cannabis Stocks Perform Last Week?
    Market Realist13 days ago

    How Did Cannabis Stocks Perform Last Week?

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  • If You Had Bought Innovative Industrial Properties (NYSE:IIPR) Stock A Year Ago, You Could Pocket A 148% Gain Today
    Simply Wall St.14 days ago

    If You Had Bought Innovative Industrial Properties (NYSE:IIPR) Stock A Year Ago, You Could Pocket A 148% Gain Today

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! When you buy shares in a company, there is always a risk that the price drops to zero. But...

  • Midday Update: How Cannabis Stocks Are Holding Up on May 3
    Market Realist16 days ago

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  • APHA, CRON, and Other Cannabis Stocks Resume Their Falls
    Market Realist17 days ago

    APHA, CRON, and Other Cannabis Stocks Resume Their Falls

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  • The Zacks Analyst Blog Highlights: GW, Innovative Industrial, Canopy, Aurora and KushCo
    Zacks17 days ago

    The Zacks Analyst Blog Highlights: GW, Innovative Industrial, Canopy, Aurora and KushCo

    The Zacks Analyst Blog Highlights: GW, Innovative Industrial, Canopy, Aurora and KushCo

  • Innovative Industrial Properties, Inc. (IIPR) Gains As Market Dips: What You Should Know
    Zacks18 days ago

    Innovative Industrial Properties, Inc. (IIPR) Gains As Market Dips: What You Should Know

    In the latest trading session, Innovative Industrial Properties, Inc. (IIPR) closed at $85.86, marking a +0.85% move from the previous day.

  • Invest Carefully in Rosy But Risky Marijuana Industry
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    Invest Carefully in Rosy But Risky Marijuana Industry

    The much-awaited Cannabis Banking Bill was finally passed by the House Financial Services Committee on Mar 28.

  • Cannabis Stocks Continue to Struggle on the Last Day of April
    Market Realist19 days ago

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    Market Realist20 days ago

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    Cannabis Sector: Analyzing the Biggest Gains Last WeekWeekly gainersThe week ending April 26 brought some relief to cannabis sector investors. The Horizons Marijuana Life Sciences ETF (HMMJ) rose as much as 5.2%, while the ETFMG Alternative Harvest

  • Better Buy: Scotts Miracle-Gro vs. Innovative Industrial Properties Inc
    Motley Fool22 days ago

    Better Buy: Scotts Miracle-Gro vs. Innovative Industrial Properties Inc

    Both are playing the picks-and-shovels angle in the hot marijuana market, but one has a better template than the other.

  • Benzinga24 days ago

    Cannabis REIT Expands In Pennsylvania By Acquiring Property In Pittsburgh

    Innovative Industrial Properties Inc (NYSE: IIPR ), one of the largest real estate investment trusts catering to the U.S. cannabis industry, acquired a 51,000 square foot property in Pittsburgh, Pennsylvania ...

  • Cannabis Stocks Keep Falling
    Market Realist24 days ago

    Cannabis Stocks Keep Falling

    Cannabis Stocks Keep FallingSector weaknessThe cannabis sector has seen one of its weakest months so far this year with most stocks trading lower since the beginning of April. The recent earnings season has led to a correction for most cannabis

  • Business Wire25 days ago

    Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Maitri Genetics

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Pittsburgh, Pennsylvania, which comprises approximately 51,000 square feet of industrial space. The purchase price for the Pennsylvania property was approximately $6.3 million (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement with Maitri Genetics, LLC (Maitri), which intends to operate the property as a licensed medical-use cannabis cultivation and processing facility upon completion of redevelopment.