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How to buy Innovative Industrial Properties stock | 153.49
Own Innovative Industrial Properties stock in just a few minutes.
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 15 staff and has a trailing 12-month revenue of around USD$74.7 million.
How to buy shares in Innovative Industrial Properties
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Innovative Industrial Properties. Find the stock by name or ticker symbol: IIPR. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Innovative Industrial Properties reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$153.49, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Innovative Industrial Properties, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Innovative Industrial Properties. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- IIPR shares summary
- Compare share dealing platforms
- Is IIPR stock a buy or sell?
- Stock performance over time
- Can I short IIPR shares?
- Are IIPR shares over-valued?
- Innovative Industrial Properties's financials
- How volatile are IIPR shares?
- Does Innovative Industrial Properties pay a dividend?
- Other common questions
How has coronavirus impacted Innovative Industrial Properties's share price?
Since the stock market crash in March caused by coronavirus, Innovative Industrial Properties's share price has had significant positive movement.
Its last market close was USD$153.49, which is 31.21% up on its pre-crash value of USD$105.58 and 281.72% up on the lowest point reached during the March crash when the shares fell as low as USD$40.21.
If you had bought USD$1,000 worth of Innovative Industrial Properties shares at the start of February 2020, those shares would have been worth USD$655.48 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,660.76.
Innovative Industrial Properties share price
Use our graph to track the performance of IIPR stocks over time.Innovative Industrial Properties shares at a glance
Information last updated 2020-10-20.
| Latest market close | USD$153.49 |
|---|---|
| 52-week range | USD$40.21 - USD$136.63 |
| 50-day moving average | USD$125.6051 |
| 200-day moving average | USD$100.2026 |
| Wall St. target price | USD$141.57 |
| PE ratio | 46.2148 |
| Dividend yield | USD$4.68 (3.63%) |
| Earnings per share (TTM) | USD$2.804 |
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Is it a good time to buy Innovative Industrial Properties stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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.
Innovative Industrial Properties price performance over time
Historical closes compared with the close of $153.49 from 2020-11-16
| 1 week (2020-11-17) | 2.49% |
|---|---|
| 1 month (2020-10-27) | 26.11% |
| 3 months (2020-08-25) | 24.50% |
| 6 months (2020-05-23) | N/A |
| 1 year (2019-11-25) | 96.86% |
|---|---|
| 2 years (2018-11-23) | 181.17% |
| 3 years (2017-11-24) | 702.35% |
| 5 years (2015-11-23) | N/A |
Is Innovative Industrial Properties under- or over-valued?
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 P/E ratio
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 46x. In other words, Innovative Industrial Properties shares trade at around 46x 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
Innovative Industrial Properties's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$61.3 million.
The EBITDA is a measure of a Innovative Industrial Properties's overall financial performance and is widely used to measure a its profitability.
Innovative Industrial Properties financials
| Revenue TTM | USD$74.7 million |
|---|---|
| Operating margin TTM | 58.73% |
| Gross profit TTM | USD$43.4 million |
| Return on assets TTM | 3.41% |
| Return on equity TTM | 6.73% |
| Profit margin | 55.69% |
| Book value | $51.356 |
| Market capitalisation | USD$2.8 billion |
TTM: trailing 12 months
Shorting Innovative Industrial Properties shares
There are currently 1.8 million Innovative Industrial Properties shares held short by investors – that's known as Innovative Industrial Properties's "short interest". This figure is 19.9% up from 1.5 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)
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 528214.15929204). Innovative Industrial Properties's SIR currently stands at 3.39. In other words for every 100,000 Innovative Industrial Properties shares traded daily on the market, roughly 3390 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 0.0931% of the tradable shares (for every 100,000 tradable Innovative Industrial Properties shares, roughly 93 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.
Innovative Industrial Properties share dividends
Dividend payout ratio: 152.16% of net profits
Recently Innovative Industrial Properties has paid out, on average, around 152.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.63% 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 3.63% return on their shares, in the form of dividend payments. In Innovative Industrial Properties's case, that would currently equate to about $4.68 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 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2020 (the "ex-dividend date").
Innovative Industrial Properties share price volatility
Over the last 12 months, Innovative Industrial Properties's shares have ranged in value from as little as $40.21 up to $136.63. 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 1.3846. 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 overview
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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