Innovative Industrial PropertiesIIPR
IIPR
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
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 104
1.75% more ownership
Funds ownership: 68.96% [Q3] → 70.71% (+1.75%) [Q4]
5% less call options, than puts
Call options by funds: $26.3M | Put options by funds: $27.6M
15% less funds holding
Funds holding: 411 [Q3] → 351 (-60) [Q4]
46% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 110
49% less capital invested
Capital invested by funds: $2.63B [Q3] → $1.33B (-$1.3B) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
15%
downside
Avg. target
$75
42%
upside
High target
$130
146%
upside
3 analyst ratings
1 positive
33%
0 neutral
0%
2 negative
67%
Piper Sandler Alexander Goldfarb 36% 1-year accuracy 15 / 42 met price target | 15%downside $45 | Underweight Maintained | 15 Apr 2025 |
Compass Point Merrill Ross 22% 1-year accuracy 2 / 9 met price target | 5%downside $50 | Sell Downgraded | 31 Mar 2025 |
Roth MKM Scott Fortune 20% 1-year accuracy 3 / 15 met price target | 146%upside $130 | Buy Maintained | 21 Feb 2025 |
Financial journalist opinion
Based on 13 articles about IIPR published over the past 30 days
Positive
MarijuanaStocks
9 hours ago
Top Cannabis REITs to Watch for High Dividends and Long-Term Growth in 2025
The U.S. cannabis industry continues expanding rapidly, with projections suggesting it could reach $45 billion by 2025. More states are legalizing cannabis for medical and recreational use, boosting demand across the nation. Currently, 24 states allow adult-use cannabis, supporting thousands of dispensaries and grow operations. Additionally, the industry provides over 440,000 full-time jobs, strengthening its economic importance. Meanwhile, recent developments in federal policy signal possible changes ahead. Lawmakers are pushing for cannabis reform, and discussions around federal reclassification have gained momentum. As a result, investor interest is rising steadily, especially in real estate tied to cannabis operations. However, navigating this evolving market requires careful attention and research. Therefore, focusing on cannabis REITs with proven portfolios and strong tenants remains a smart strategy. In particular, companies that operate across multiple states offer added stability and diversification.
Positive
Zacks Investment Research
3 days ago
Innovative Industrial Properties (IIPR) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the latest trading session, Innovative Industrial Properties (IIPR) closed at $53.56, marking a +0.34% move from the previous day.
Positive
MarijuanaStocks
1 week ago
Innovative Industrial Properties, Inc. (IIPR) Announces First Quarter 2025 Earnings Release Date and Conference Call
Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025.
Neutral
Business Wire
1 week ago
Innovative Industrial Properties Announces First Quarter 2025 Earnings Release Date and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacifi.
Positive
Seeking Alpha
2 weeks ago
Yields Up To 10%: REITs To Buy Right Now
REIT dividend yields are historically high. The recent crash has expanded yields up to 10%. I present two of my favorite opportunities for high income.
Positive
Seeking Alpha
3 weeks ago
Innovative Industrial Properties: Dividend Investors Tread Carefully With This 14% Yield (Rating Downgrade)
Innovative Industrial Properties offers a 14% yield but faces risks, including potential dividend cuts and tenant issues, making it a cautious investment. Despite solid earnings, IIPR's financials show declining AFFO and revenue due to tenant defaults, impacting dividend safety. Tenant headwinds persist with defaults from major tenants like PharmaCann and Medical Investor Holdings, adding uncertainty to IIPR's stability.
Positive
Seeking Alpha
3 weeks ago
6 Dividend Growth Stocks I'm Buying As Tariffs Crush The Economy
President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. consumers and businesses, raising prices and potentially leading to a recession, with an average household impact of $3,800 annually. Big Tech stocks have been hit the hardest by the tariff threat, with the Nasdaq down nearly 16% and the Magnificent 7 down over 20%.
Positive
Zacks Investment Research
3 weeks ago
Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know
In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $53.43, indicating a +1.93% shift from the previous trading day.
Neutral
The Motley Fool
3 weeks ago
Why Shares of Innovative Industrial Properties Sank This Week
The one event that strikes true fear into the heart of real estate investment trust (REIT) investors is the tenant default.
Positive
Seeking Alpha
3 weeks ago
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.
Charts implemented using Lightweight Charts™