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Innovative Industrial Properties, Inc is a reit-industrial business based in the US. Innovative Industrial Properties shares (IIPR) are listed on the NYSE and all prices are listed in US Dollars. Innovative Industrial Properties employs 14 staff and has a trailing 12-month revenue of around USD$97.5 million.
|52-week range||USD$38.6168 - USD$221.03|
|50-day moving average||USD$197.8421|
|200-day moving average||USD$153.978|
|Wall St. target price||USD$207.17|
|Dividend yield||USD$4.23 (2%)|
|Earnings per share (TTM)||USD$3.11|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Innovative Industrial Properties stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Innovative Industrial Properties's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Innovative Industrial Properties's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 67x. In other words, Innovative Industrial Properties shares trade at around 67x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Innovative Industrial Properties's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$80.3 million.
The EBITDA is a measure of a Innovative Industrial Properties's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$97.5 million|
|Operating margin TTM||58.97%|
|Gross profit TTM||USD$43.4 million|
|Return on assets TTM||3.38%|
|Return on equity TTM||6.32%|
|Market capitalisation||USD$5 billion|
TTM: trailing 12 months
There are currently 1.9 million Innovative Industrial Properties shares held short by investors – that's known as Innovative Industrial Properties's "short interest". This figure is 1.4% up from 1.8 million last month.
There are a few different ways that this level of interest in shorting Innovative Industrial Properties shares can be evaluated.
Innovative Industrial Properties's "short interest ratio" (SIR) is the quantity of Innovative Industrial Properties shares currently shorted divided by the average quantity of Innovative Industrial Properties shares traded daily (recently around 498747.32620321). Innovative Industrial Properties's SIR currently stands at 3.74. In other words for every 100,000 Innovative Industrial Properties shares traded daily on the market, roughly 3740 shares are currently held short.
However Innovative Industrial Properties's short interest can also be evaluated against the total number of Innovative Industrial Properties shares, or, against the total number of tradable Innovative Industrial Properties shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Innovative Industrial Properties's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Innovative Industrial Properties shares in existence, roughly 80 shares are currently held short) or 0.0869% of the tradable shares (for every 100,000 tradable Innovative Industrial Properties shares, roughly 87 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Innovative Industrial Properties.
Find out more about how you can short Innovative Industrial Properties stock.
Dividend payout ratio: 132.64% of net profits
Recently Innovative Industrial Properties has paid out, on average, around 132.64% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.34% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Innovative Industrial Properties shareholders could enjoy a 2.34% return on their shares, in the form of dividend payments. In Innovative Industrial Properties's case, that would currently equate to about $4.23 per share.
Innovative Industrial Properties's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Innovative Industrial Properties's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").
Over the last 12 months, Innovative Industrial Properties's shares have ranged in value from as little as $38.6168 up to $221.03. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Innovative Industrial Properties's is 1.548. This would suggest that Innovative Industrial Properties's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
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