why is iipr stock falling. The yield sits above 9% after the most recent 5. why is iipr stock falling

 
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Based on its current numbers, IIP looks like. Innovative Industrial Properties stock has been justifiably battered as the market adjusted its valuation profile on the higher-risk leading cannabis REIT. The S&P 500 fell 1. Innovative Industrial Properties (NYSE: IIPR) is, in my view, the best investment vehicle for investors to gain exposure to the rapidly-growing cannabis industry with relatively limited risk. I last covered IIPR in August, where I rated the stock a buy on account of the 7. 1% since its peak in November 2021. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. In the last reported quarter, Innovative Industrial delivered a surprise of 7. S. The stock is trading at a low price-to-earnings ratio and offers a dividend yield above 6%, but the cannabis industry is not immune to volatility. However, short sellers have. Volume today is 182,926 compared to average volume of 205,534. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. 46%. Shares of Innovative Industrial Properties (IIPR) have gained 0. 78, marking a -0. There aren't many REITs that fit. 25%) fell off a cliff last week after the company reported that it is seeing a rise in surgeries. Innovative Industrial Properties. Cannabis. Today's Range $78. Stock is falling and might fall more. Innovative Industrial Properties has been growing earnings at an average annual rate of 47. Innovative Industrial Properties, Inc. cannabis. Market Cap. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. 00, with the highest IIPR stock price forecast at $95. Our overall hedge fund sentiment score for IIPR is 59. if you shorted IIPR on 4/18/22 for about $163 SH. finance. Innovative Industrial Properties ( IIPR ): An oversold, attractive REIT with a 10% yield. The stock has traded between $185. 7%Innovative Industrial Properties ( IIPR 0. 69 a share. Your knee-jerk reaction might be to assume that marijuana is a ‘sin stock,’ falling in a category similar to tobacco and alcohol. 1% and Real Estate Select Sector SPDR ETF falling 11. 90 -0. Between shifting public opinion of cannabis and limited access to capital IIPR stock is a REIT you will want on your watchlist this year. 35%) stock jumped 14. 00, with a high estimate of 179. This. So, it is worth exploring what lies ahead for the stock. 97 as of 10:52 AM on Tuesday, May 11, a drop of -$5. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $93. This suggests a possible upside of 228. . 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. There's a reason why the stock rocketed higher along with the broader marijuana sector for a few years. In the 1st quarter of 2020, IIPR generated $21. The main competitors of Innovative Industrial Properties include Urban Edge Properties (UE), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Claros Mortgage Trust (CMTG), Forestar Group (FOR), Getty Realty (GTY), Armada Hoffler Properties (AHH), Ellington Financial (EFC), Hudson Pacific Properties (HPP), and FRP. IIPR earned $5. 00 +3. As of June 30, 2022, we owned 111 properties comprising an. General stock market volatility and growing concern over cannabis legalization has put IIPR on sale. Wall Street Thinks This 10. 68 +5. Shares are up from $20 a few years ago to $170, and IIPR stock has paid a generous dividend along the. Market Cap. Innovative Industrial Properties, Inc. NYSE: IIPR Innovative Industrial Properties. A bad year for investors in Innovative Industrial Properties ( IIPR -3. 99 $89. 15%) $5. Despite the challenges, Innovative. 75 a share -- giving the stock a dividend yield of 5. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, AFCG, PW either through stock ownership, options, or other derivatives. 00% Series A Cumulative. 12. 00. Having the fortunate status of being the only publicly traded pure cannabis REIT in the U. The company conducted an IPO in late November 2017 at $20 per share and listed on the New York Stock Exchange with the symbol "IIPR," and it traded below that price for more than a year. During 2021 and year-to-date, IIP did not issue any shares of common stock under its “at-the-market” equity offering program, and as of February 23, 2022, had. . Get powerful stock screeners & detailed portfolio analysis. 94%. 9x, which is cheaper than big brother IIPR's valuation, despite superior growth prospects. 07, revenue of $76. Innovative Industrial Properties (NYSE: IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. 14 per share, beating the Zacks. m. Innovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR) closed at $88. 87 per diluted share, in Q1. 75 to $4. The 5 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 85. Conv. 61 on the stock market today. The stock outpaced the S&P 500's daily loss of 0. That said, not even profitability and a steady dividend were enough to prevent IIPR stock from crashing in 2022 and early 2023. Besides, the duo will partner on the development of 324,000. I could see IIPR trading at 15x forward AFFO, representing a stock price of $120 per share - but note that there is a wide range of fair value for the stock considering the high growth potential. 6% off its high. I discuss my thought process for REITs and trying to predict the future based on the past and present. Based on the average brokerage recommendation (ABR), Innovative Industrial Properties (IIPR) should be added to one's portfolio. Furthermore, the stock is very good value based on its risk. Broadcom currently pay a 3% forward dividend yield compared to the sector median of 1. 26, 2020 at 4:29 p. Unlike other cannabis players, the company doesn’t deal directly in the cannabis market. 13%) took a turn for the worse on Friday after the marijuana real estate investment trust ( REIT) disclosed the default of a. com - September 13 at 4:17 AM. Innovative Industrial Properties, Inc. Track Innovative Industrial Properties Inc (IIPR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Innovative Industrial Properties (NYSE:IIPR) stock climbed 2. Motley Fool contributor Will Healy explains what Innovative Industrial Properties ( IIPR 0. IIPR has risen $0. Shares are dirt cheap at a price/FFO of 10. 15%) At close: 04:00PM EST. Innovative Industrial Properties, Inc. This has allowed IIPR stock to be one of the biggest winners in the cannabis industry so far. Innovative Industrial Properties (IIPR) stock is falling on Friday after the company noted that one of its renters is defaulting on payments. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. The stock pays a dividend, currently with a forward yield of nearly 0. 5 brokers have issued 12-month price targets for Village Farms International's shares. 50 to low of $46. 56% (not including any dividends or dividend reinvestments). 1% and Real Estate Select Sector SPDR ETF falling 11. 0 and an annual dividend yield of 10. The stock has traded between $105. The IPO. 00 and the lowest IIPR stock price forecast at $85. 45 per diluted. President Biden's recent move to decriminalize federal convictions of simple marijuana possession likely helped spur a liftoff in IIPR stock, as short interest as a percentage of its float reached. 00. and bought it back it today 5/11/22 at around $124 you would have pocketed about 24% in less than a month. 2 analysts, 0 (0%) are recommending IIPR as a Strong Buy, 0 (0%) are recommending IIPR as a Buy, 2 (100%) are recommending IIPR as a Hold, 0 (0%) are recommending IIPR as a Sell, and 0 (0%) are recommending IIPR as a Strong Sell. This compares to FFO of [email protected] on volume of 167,616 shares. Innovative Industrial Properties (NYSE: IIPR) stock has lost more than 25% year to date and nearly 60% over the past year. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR, NLCP, REFI either through stock ownership, options, or other derivatives. IIPR earnings call for the period ending June 30, 2023. The company then paid a quarterly dividend of $1. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) has had a wild year. This development will increase its costs and impact its. 75%, Innovative Industrial Properties (NYSE:IIPR) has been explosive. 32 (+7. (IIPR) NYSE - NYSE Delayed Price. Summary. Innovative Industrial Properties, Inc. This rating change. 00, or 16%, Over Prior Twelve Months. If you had invested in Innovative Industrial Properties stock at $19. The stock's a buy even with slower growth. However, it tumbled further in the past week after the company was targeted by short-seller Blue. I wrote this article myself. 30 and could see higher highs. cannabis operators require mission critical facilities with specialized buildouts to optimize environment and conform to licensing and zoning requirements Outsized Need for CapitalMarijuana stocks are at their best prices in years, with the coronavirus crisis possibly making this one of the best times to invest in pot stocks in years. IIPR Innovative Industrial is falling or rising technical reasons . 73%) Q2 2023 Earnings Call. 75 -2. Innovative Industrial Properties ( NYSE: IIPR) is a specialized REIT that has seen its shares come crashing down over the last year. The. The company's annualized yield currently comes in at 2. 18. Image source: The Motley Fool. Grant's recommended shorting IIPR back on 11/26/21 and the stock has fallen 37% (including dividends) since that time. 03 (-1. Find the latest Innovative Industrial Properties, Inc. marketbeat. Hexo has cut jobs and tried to shrink costs and lower its debt burden. These three cannabis stocks could eventually rally to higher highs. Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR 0. After all, over the last three years, the company's. IIPR stock fell 1. The recent price decline of 3. Turning to the calls side of the option chain, the call contract at the $100. 83 1. The cannabis industry is expanding steadily, though stock performances of marijuana companies seem to suggest otherwise. Yet, IIPR managed to grow, pay down debt, and improve its dividend coverage. In the latest trading session. ". In 2020, it generated revenue of $117 million. 3 acres in New York adjacent to one of IIPR’s properties leased to Goodness Growth. Strong dividend paying companies in the US market. Prices are already falling and it’s only going to get worse. 6% in January, according to data provided by S&P. August 3, 2022 at 7:55 PM · 3 min read. International. It focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state. The company in April. 48 so far today. 22 (-1. Specifically, Exxon Mobil (NYSE: XOM) is down 5. Investors frequently choose between dividend growth and current income, but. The stock's a buy even with slower growth. 77% move from the previous day. 8M respectively. Full. IIPR grew its dividend by roughly 40% in 2018, 186% in 2019, 24% in 2020, and 21% thus far in 2021 (IIPR recently declared a $1. Innovative Industrial Properties ( IIPR 0. S. The REIT owns a diversified portfolio of properties that cater to cannabis producers. Yet, with shares. 28 in the latest trading session, marking a -1. 94 SMG Scotts Miracle-Gro $70. Cannabis stocks have fallen sharply in the past several years. May. Also, its 2022 AFFO was $234 million, or $8. $2B. 3% from the stock's current price. Subscribe Now See Plans & Pricing. As a REIT, IIPR stock has shown some promising developments. 29%)Real time Innovative Industrial Properties (IIPR) stock price quote, stock graph, news & analysis. Expected Annual Pre-Tax Return. What happened. 2W 10W 9M. 8%. 87%, while the broader index S&P. 7%-Yielding Dividend Stock Could Soar 68%. Innovative Industrial Properties, Inc. IIPR is down over 30% from its peak. 06 from the previous closing price of $92. 02 Innovative Industrial Properties FFO of $2. S. 77%) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. IIPR: Raising target price to $104. stock was issued. The company then paid a quarterly dividend of $1. 02. President Biden's recent move to decriminalize federal convictions of simple marijuana possession likely helped spur a liftoff in IIPR stock, as short interest as a percentage of its float reached. 02% from the previous closing price of $175. 15%. IIPR stock is several weeks into a possible new flat base, or base-on-base pattern. Over the last four quarters. The Price and Consensus chart displays the company's stock price along with the consensus estimate. Innovative Industrial Properties, Inc. 45 per diluted. (NYSE: IIPR) is a robust cannabis Real Estate Investment Trust that has carved a niche in thriving legalized states. It operates through the following geographical segments: Arizona, California, Colorado, Florida. NLCP is not listed on an exchange. IIPR has pulled back nearly 20% from its recent highs as the Fed's hawkish stance has been a significant drag on the market. At the. The stock prices of its tenants have plunged. 7% to 4,357. Over the past year the S&P 500 is lower by -12. Mar 19, 2020. 87%, while the broader index S&P. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U. The stock outpaced the S&P 500's daily. Over the past year the S&P 500 is down -14. Conclude why IIPR could deliver significant returns even under a potential revenue deceleration scenario;. Rowe Price is another S&P 500 stock analysts are flagging investors away from. 05 as of 3:00 PM on Monday, Mar 7, a drop of -$0. IIPR stock has been steadily growing FFO and is currently trading at a P/FFO of 11. Discover historical prices for IIPR stock on Yahoo Finance. IIPR stock has become an investor favorite recently. So far 798,498 shares have traded compared to average volume of 464,816. 56. Also, its 2022 AFFO was $234 million, or $8. Innovative Industrial Properties's earnings are forecast to decline at 0. yahoo. 89 at the end of this 3-month period. Check out our PIPR stock analysis, current PIPR quote, charts, and historical prices for Piper Jaffray Companies stockSummary. (NYSE: IIPR) a real estate company focused on the U. 52%) Q2 2023 Earnings Call. Aug 03, 2023, 1:00 p. 15 in Dec 1, 2016. Our two-year price target for IIPR is $382. At the time of this writing, the company has 60 consecutive years. This represents a significant discount to where U. IIPR is lower by -$0. IIPR grew its dividend by roughly 40% in 2018, 186% in 2019, 24% in 2020, and 21% thus far in 2021 (IIPR recently declared a $1. With shares trading at just 10-times earnings, this stock. By Aaron Missere. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. In Q3 of 2020 it was at $1,270M, this most recent quarter, it had risen to $1,958. 5 million. (Motley Fool) Innovative Industrial Properties, Inc. Innovative Industrial Properties (IIPR-1. kmatija. (NYSE: IIPR) was in 23 hedge funds' portfolios at the end of the fourth quarter of 2020. 7% from the previous trading session. The stock lost almost 6. I don't think it's in trouble at all, and I'd go further and say it's a fine stock for any investor to consider buying. (IIPR) stock is trading at $189. 44 and paid out $7. IIPR was the first, and only, REIT operating in the cannabis space to be listed on the New York Stock Exchange. Today, in the low $90s, the REIT offers a dividend yield of 7. IIPR stock fell 1. More Information. Shares are only down 0. (Motley Fool) Innovative Industrial Properties, Inc. 13%). But when you overlay the REIT index with IIPR stock, there’s strong parallel movement between the two. 37%. IIPR-A trades at a massively. 83% as of 11:57 AM on Friday, Jan 20. By buying indoor cultivation space from marijuana companies. 00, with a high estimate of 179. 65%) hasn't exactly been a strong-performing REIT, with tenant troubles and interest rate headwinds contributing to the stock trading for nearly 75% below. 4 million in these notes, IIPR issued 1,684,237 shares of common stock, and paid about $2. This suggests a possible upside of 38. It had only collected 92. 3 REITs With Over 7% Dividend Yields And Huge Gains In The Past Month. IIPR's avg. 48, or 2. 00 and a low price target of $80. Image source: The Motley Fool. 11% while IIPR is lower by -59. 6% in January, according to. . Q1 2023 Cash Dividend of $1. 5%. In detail, IIPR is acquiring approximately 92. 2 Wall Street analysts that have issued a 1 year IIPR price target, the average IIPR price target is $90. 02, marking a -1. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. 2%, while the Industrial REITs industry saw earnings growing at 24. NYSE: IIPR Innovative Industrial Properties. Investors might want to bet on Innovative Industrial Properties (IIPR), as it has been recently upgraded to a Zacks Rank #2 (Buy). According to a filing with the U. Its 2022 revenue of $276 million was up 35% versus 2021. 7 attached. 4B and $440. Get the latest Innovative Industrial Properties Inc (IIPR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment. m. Innovative Industrial Properties Inc (IIPR) stock is lower by 15. Innovative Industrial Properties has plunged by -31. 44 so far today. 24%) ranked as one of the hottest cannabis stocks in the industry. ET by Max A. Even better. 1% move from the previous day. 2022. 5. 26. My cost basis is on the low side, but I think I can find better stocks at the moment, so I. IIPR has risen $0. 15, about 28% more than. The cannabis landlord company Cannabis is being legalized steadily across the U. In detail, IIPR is acquiring approximately 92. 51% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. We think falling share prices and deteriorating financials amongst IIPR’s borrowers should cause investors to reprice IIPR’s shares, given the mounting risks to its long-term loan book. Detailed information about News Innovative Industrial Properties's financial statements, analyst recommendations, dividends and dividend history. 42. Investor FAQs. 55% move from the previous day. It is never fun to watch the price of your holdings go down, but volatility is the price of admission in the stock market. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the. The share price for Innovative Industrial Properties ( IIPR -3. 3% from the stock's current price. Join the Conversation! Build your trading network; Follow your favorite assets. It has also. Innovative Industrial Properties, Inc. EPS is expected to decline by 1. cannabis industry, announced its results for the fourth quarter and year ended December 31, 2021. S. com users lately. Cherney Cannabis REIT Innovative Industrial Properties shares fall. (NYSE:IIPR) is the largest publicly traded provider of real estate capital to the U. com - September 13 at 4:17 AM. 08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19. IIPR has dropped around 20% in the last 12 months, compared to the broader REIT sector, which is up around 3% over the same time. 0%. IIPR is expected to report fourth-quarter and full-year 2022 results on Feb 27 after. 20 Innovative Industrial Properties, Inc. At the start of trading on Friday, the stock had made up a little ground but was still sitting with a 13. Find out why IIPR stock is a Hold. 24% while IIPR has. Innovative Industrial Properties ( IIPR -2. IIPR has been a “cash cow” over the last three years, generating eye-popping growth of 100% in 2018, 144% in 2019, 53% in 2020, and 33% in 2021. Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2. 13 buy point from a three-weeks-tight pattern. 50. 00 stock in one year. 00 per share), 600,000 shares. 07% move from the prior day. Securities. Summary. What's Happening With IIPR Stock Today? Innovative Industrial Properties Inc (IIPR) stock is trading at $182. 67 (2. 8 — by. 67 in the latest trading session, marking a +1. The stock is on sale. Like most other stocks in today's bear market, pessimism surrounding the economy and. 36, or -0. 2) The odds of inflation dissipating in 2022 have declined in recent weeks. 15 per Common Share Declared in Last Twelve Months, Up $1. I wrote this article myself. 00. 13%) has an incredible track record of not only paying but raising its dividend. 48%) is a pot stock, but it doesn't sell any legal cannabis itself. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. If an investor was to purchase shares of IIPR stock at the current price. 65 represents a price-to-book ratio of 1. 2% from the previous closing price of $182. The stock outpaced the S&P 500's daily loss of 0.