Innovative Industrial Properties
IIPR
Market cap $3.69B

130.36 USD

+0.85

0.66%

At close Oct 9, 4:00 PM EDT

After hours

130.36

+0.00

0.00%

1 day

0.66%

5 days

-0.89%

1 month

6.25%

3 months

20.73%

6 months

26.71%

Year to date

28.83%

1 year

73.95%

5 years

51.32%

About: Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Employees: 22

Real Estate Real Estate

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

53% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 32

26% more call options, than puts

Call options by funds: $54.6M | Put options by funds: $43.2M

5% more funds holding

Funds holding: 371 [Q1] → 388 (+17) [Q2]

8% more repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 123

5% more capital invested

Capital invested by funds: $2.05B [Q1] → $2.15B (+$102M) [Q2]

0.75% less ownership

Funds ownership: 70.16% [Q1] → 69.41% (-0.75%) [Q2]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$120

8%

downside

Avg. target

$130

0%

upside

High target

$140

7%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Piper Sandler Alexander Goldfarb 69% 1-year accuracy 29 / 42 met price target	8%downside $120	Neutral Maintained	9 Aug 2024
Roth MKM Scott Fortune 50% 1-year accuracy 7 / 14 met price target	7%upside $140	Buy Maintained	22 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about IIPR published over the past 30 days

24/7 Wall Street

3 Top REITs With 5%-Plus Yields to Bet Big On As Fed Enters Rate-Easing Cycle

Real estate investment trusts (REIT) were one of the industries hit hardest by the Federal Reserve's unprecedented interest rate hikes.

3 Top REITs With 5%-Plus Yields to Bet Big On As Fed Enters Rate-Easing Cycle

MarijuanaStocks

October Watchlist: Cannabis REITs with High Dividend Yields

The US cannabis industry is growing rapidly, with sales projected to reach $46 billion by 2025. This growth opens opportunities for ancillary marijuana stocks, especially real estate investment trusts (REITs) that support cannabis companies. Cannabis REITs, like Innovative Industrial Properties (IIPR), offer high dividend yields, making them attractive to income-focused investors. News about potential federal legalization has recently stirred the market, with bipartisan efforts gaining momentum. As more states continue to legalize cannabis, ancillary stocks are positioned to benefit from increased demand for properties, lending, and services.

October Watchlist: Cannabis REITs with High Dividend Yields

Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader

Innovative Industrial Properties, Inc. offers a unique investment opportunity in the cannabis real estate sector. It offers a safe dividend and solid financial situation while holding the top position. The company's strong financial performance proves noteworthy, with solid profitability ratios and excellent metrics. The Cannabis market is positioned for very fast growth in the coming years, as it welcomes millions of consumers and becomes every more accepted.

Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader

Up 75% YoY, Innovative Industrial Remains A Buy

Despite a challenging operating environment, IIPR continues to post steady rental revenue and AFFO growth, supported by a lean debt profile and effective management of tenant defaults. IIPR has a solid history of dividend growth with a conservative payout ratio, offering investors an appealing income opportunity even as the yield has come down from its highs. As interest rates ease, IIPR's lean debt structure and sector-wide improved sentiment position the stock for potential price appreciation.

Up 75% YoY, Innovative Industrial Remains A Buy

The Motley Fool

3 Dividend Stocks to Double Up on Right Now

Lower interest rates could be the catalyst this real estate stock needs. This cannabis-related stock may finally be in a recovery mode.

3 Dividend Stocks to Double Up on Right Now

DigiKey Premieres Factory Tomorrow Season 4 Video Series Focused on Innovative Industrial Automation

THIEF RIVER FALLS, Minn., Sept. 25, 2024 (GLOBE NEWSWIRE) -- DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, announced the debut of Season 4 of the Factory Tomorrow video series sponsored by Siemens and Banner Engineering.

DigiKey Premieres Factory Tomorrow Season 4 Video Series Focused on Innovative Industrial Automation

Zacks Investment Research

Innovative Industrial Properties (IIPR) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Innovative Industrial Properties (IIPR) closed at $134.91, marking a -0.57% move from the previous day.

Innovative Industrial Properties (IIPR) Suffers a Larger Drop Than the General Market: Key Insights

MarijuanaStocks

Maximizing Returns: The Top Cannabis REITs for Long-Term Investment Strategies

Ancillary cannabis stocks, particularly Cannabis REITs, are gaining attention due to their potential for steady dividends. Cannabis REITs invest in real estate properties leased to cannabis operators. This provides a unique opportunity for investors to earn income. The US cannabis industry is projected to grow at a compound annual growth rate (CAGR) of over 20% through 2030. This growth is driven by increasing legalization and market expansion. Recent headlines have focused on potential federal legalization, which could significantly boost the industry. As the market evolves, ancillary stocks like REITs are positioned to benefit from the industry's expansion.

Maximizing Returns: The Top Cannabis REITs for Long-Term Investment Strategies

Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield

Innovative Industrial Properties is a REIT focused on leasing properties to the cannabis industry, with preferred shares offering an 8.5% dividend yield. The company improved operating cash flow to $136 million and free cash flow to $122 million, ensuring dividend sustainability. With over $200 million in liquidity, the capital improvement allowance is manageable, but call risk on preferred shares and potential common share issuance pose risks.

Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield

Innovative Industrial Properties Declares Third Quarter 2024 Dividends

SAN DIEGO--(BUSINESS WIRE)--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 third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. “We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016,” said Paul Sm.

Innovative Industrial Properties Declares Third Quarter 2024 Dividends

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