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Innovative Industrial Properties Inc

IIPR
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48.650USD
+0.950+1.99%
Close 02/06, 16:00ETQuotes delayed by 15 min
1.36BMarket Cap
11.36P/E TTM

Innovative Industrial Properties Inc

48.650
+0.950+1.99%
Intraday
1m
30m
1h
D
W
M
D

Today

+1.99%

5 Days

+0.68%

1 Month

+0.06%

6 Months

-5.75%

Year to Date

+2.72%

1 Year

-34.28%

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Key Insights

Innovative Industrial Properties Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 106 out of 191 in the Residential & Commercial REITs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 57.25.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Innovative Industrial Properties Inc's Score

Industry at a Glance

Industry Ranking
106 / 191
Overall Ranking
201 / 4521
Industry
Residential & Commercial REITs

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

Innovative Industrial Properties Inc Highlights

StrengthsRisks
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 136.24%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 136.24%.
Undervalued
The company’s latest PE is 11.36, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 19.62M shares, decreasing 12.27% quarter-over-quarter.
Held by CI Select Canadian Equity Fund
Star Investor CI Select Canadian Equity Fund holds 809.00 shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.48.

Analyst Rating

Based on 6 analysts
Hold
Current Rating
57.250
Target Price
+20.02%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Innovative Industrial Properties Inc News

More news coming soon, stay tuned...

Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Innovative Industrial Properties Inc Info

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).
Ticker SymbolIIPR
CompanyInnovative Industrial Properties Inc
CEOSmithers (Paul)
Websitehttps://innovativeindustrialproperties.com/
KeyAI