|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||72.46 - 74.19|
|52 Week Range||42.55 - 139.53|
|Beta (5Y Monthly)||2.01|
|PE Ratio (TTM)||50.97|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||4.00 (5.40%)|
|1y Target Est||140.50|
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2019 dividend of $1.00 per share of common stock, representing an approximately 28% increase over IIP's third quarter 2019 dividend of $0.78 per share of common stock, and an approximately 186% increase over IIP's fourth quarter 2018 dividend of $0.35 per share of common stock. The dividend is equivalent to an annualized dividend of $4.00 per common share, and is the sixth dividend increase since IIP completed its initial public offering in December 2016.
Paul Smithers became the CEO of Innovative Industrial Properties, Inc. (NYSE:IIPR) in 2016. This analysis aims first...
One of the largest and fastest-growing cannabis operators in the United States is selling its local cultivation facility as part of a sale-and-leaseback deal.
The vertically integrated cannabis company Cresco Labs (CSE: CL) (OTC: CRLBF) reported Tuesday that it has entered a binding agreement for the sale-and-leaseback of two properties for total non-dilutive funding of around $38 million. The company will sell these properties to Innovative Industrial Properties, Inc. (NYSE: IIPR). In addition, Cresco Labs also disclosed the termination of the equity purchase agreement under which its subsidiary would have obtained the ownership interests of the assets of the medical cannabis dispensary operator VidaCann Ltd. and/or affiliated entities.
The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. The biggest companies include Canopy Growth Corp. (CGC), Tilray Inc. (TLRY), and Aurora Cannabis Inc. (ACB), but the industry has scores of upstarts that are trying to grab a piece of the market. The marijuana industry, as measured by the ETFMG Alternative Harvest ETF (MJ), has substantially underperformed the S&P 500 over the past year.
Zacks Market Edge Highlights: Boot Barn, Alteryx, RedHill Biopharma, Innovative Industrial Properties and SPS Commerce
Deregulation is creating a multi-billion-dollar industry in cannabis -- but the stocks in the sector need a lot of work, cautions growth stock expert Hilary Kramer, editor of Turbo Trader.
The cannabis REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) said Tuesday it has closed on a sale-leaseback transaction with Green Thumb Industries Inc. (CSE: GTII) (OTC: GTBIF) for its Pennsylvania facility. Innovative Industrial Properties will buy the Danville facility for $20.3 million less transaction expenses. The REIT will reimuburse Green Thumb in the amount of up to $19.3 million for certain enhancements of the property to be made by GTI for the purpose of increasing production capacity.
Expansion of Pennsylvania portfolio and lease with subsidiary of Green Thumb Industries to help Innovative Industrial (IIPR) bank on the favorable trends as well as drive top-line growth.
CHICAGO and VANCOUVER, British Columbia, Nov. 12, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
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 a sale-leaseback transaction with Green Thumb Industries Inc. (GTI) (CSE: GTII; OTCQX: GTBIF) for its licensed cannabis cultivation and processing facility in Danville, Pennsylvania. The purchase price for the property was $20.3 million (excluding transaction costs). GTI is also expected to make certain improvements to the property that will significantly enhance production capacity, for which IIP has agreed to provide reimbursement of up to $19.3 million.
As equities look to continue their remarkable run but nothing has been set in stone regarding the trade war, dividend paying stocks may be a solid route to take as things progress.
While cannabis companies struggle to generate capital, one marijuana REIT is making money and paying dividends by leasing out real estate.
Cannabis-focused real estate company Innovative Industrial Properties, Inc. (NYSE: IIPR ) reported Wednesday with third-quarter rental revenue of around $11.2 million, up 201% from the same quarter in 2018. ...
Should investors think about buying some shares of Cronos (CRON) ahead of earnings, as a bet on a marijuana market comeback?
Innovative Industrial Properties Inc. shares rose nearly 5% in the extended session Wednesday after the cannabis real estate investment company reported profits of $6.2 million. Earnings were 55 cents a share, up from 21 cents a share in the year-ago period. Revenue rose more than 200% to $11.6 million. Innovative Industrial Properties does not have enough analyst coverage to report reliable consensus estimates. The real estate company's stock has gained 60% this year as the ETFMG Alternative Harvest ETF has fallen 23%.
Innovative Industrial Properties buys property from cannabis growers and leases it back under long-term contracts.
Innovative Industrial Properties (IIPR) is set to report its third-quarter results tomorrow. IIPR stock, up 67.2% year-to-date, has been investor favorite.
Innovative Industrial Properties, Inc. , the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today the hiring of Tracie Hager as Vice President, Asset Management and Kelly Spicher as Senior Real Estate Counsel.