Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Innovative Industrial Properties stock

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 0.00.

How to buy shares in Innovative Industrial Properties

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – IIPR – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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 2021-04-30.
52-week range$64.52 - $220.40
50-day moving average $183.40
200-day moving average $174.48
Wall St. target price$217.17
PE ratio 55.9602
Dividend yield $4.47 (2.42%)
Earnings per share (TTM) $3.27

Buy Innovative Industrial Properties shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee Signup bonus
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Robinhood
$0
Stocks, Options, ETFs
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, ETFs, Currencies
$0 + $0.65/contract, $1 minimum
0%
N/A
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Webull
$0
Stocks, Options, ETFs
$0
0%
Get one free stock valued between $2.50 and $250 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
Public
$0
Stocks, ETFs
N/A
$0 per month
N/A
loading

Compare up to 4 providers

*Signup bonus information updated weekly.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 56x. In other words, Innovative Industrial Properties shares trade at around 56x 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 $97.8 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 $116.9 million
Operating margin TTM 59.66%
Gross profit TTM $111.9 million
Return on assets TTM 3.47%
Return on equity TTM 6.34%
Profit margin 56.23%
Book value $63.12
Market capitalisation $4.4 billion

TTM: trailing 12 months

Shorting Innovative Industrial Properties shares

There are currently 1.4 million Innovative Industrial Properties shares held short by investors – that's known as Innovative Industrial Properties's "short interest". This figure is 9.1% down from 1.6 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 336961.70212766). Innovative Industrial Properties's SIR currently stands at 4.23. In other words for every 100,000 Innovative Industrial Properties shares traded daily on the market, roughly 4230 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 0.06% of the outstanding shares (for every 100,000 Innovative Industrial Properties shares in existence, roughly 60 shares are currently held short) or 0.0875% of the tradable shares (for every 100,000 tradable Innovative Industrial Properties shares, roughly 88 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

1%

Dividend payout ratio: 1.03% of net profits

Recently Innovative Industrial Properties has paid out, on average, around 1.03% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.86% 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 2.86% return on their shares, in the form of dividend payments. In Innovative Industrial Properties's case, that would currently equate to about $4.47 per share.

While Innovative Industrial Properties's payout ratio might seem low, this can signify that Innovative Industrial Properties is investing more in its future growth.

Innovative Industrial Properties's most recent dividend payout was on 14 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 March 2021 (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 $64.5227 up to $220.3978. A popular way to gauge a stock's volatility is its "beta".

IIPR.US volatility(beta: 1.49)Avg. volatility(beta: 1.00)LowHigh

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 1.4901. 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. .

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site