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How to buy Innovative Industrial Properties (IIPR) stocks in Canada

Learn how to easily invest in Innovative Industrial Properties stocks.

Innovative Industrial Properties is a reit-industrial business based in the US. Innovative Industrial Properties stocks (IIPR.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $197.02 – a decrease of 4.53% over the previous week. Innovative Industrial Properties employs 19 staff and has a trailing 12-month revenue of around $182.7 million.

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.

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.

How has Coronavirus impacted Innovative Industrial Properties's stock price?

Since the stock market crash in March caused by coronavirus, Innovative Industrial Properties's stock price has had significant positive movement.

Its last market close was $205.87, which is 48.72% up on its pre-crash value of $105.58 and 411.99% up on the lowest point reached during the March crash when the stocks fell as low as $40.21.

If you had bought $1,000 worth of Innovative Industrial Properties stocks at the start of February 2020, those stocks would have been worth $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 $2,227.51.

Innovative Industrial Properties stock price (NYSE:IIPR)

Use our graph to track the performance of IIPR stocks over time.

Innovative Industrial Properties shares at a glance

Information last updated 2022-01-17.
Latest market close$205.87
52-week range$156.63 - $286.37
50-day moving average $254.12
200-day moving average $222.27
Wall St. target price$287.00
PE ratio 48.2594
Dividend yield $5.46 (2.85%)
Earnings per share (TTM) $4.35

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Innovative Industrial Properties price performance over time

Historical closes compared with the close of $205.87 from 2022-01-18

1 week (2022-01-12) -4.53%
1 month (2021-12-17) -14.67%
3 months (2021-10-19) -16.42%
6 months (2021-07-19) 1.66%
1 year (2021-01-19) 8.79%
2 years (2020-01-17) 149.54%
3 years (2019-01-18) 278.99%
5 years (2017-01-19) 980.12%

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 48x. In other words, Innovative Industrial Properties shares trade at around 48x 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 $158.1 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 $182.7 million
Operating margin TTM 65.56%
Gross profit TTM $111.9 million
Return on assets TTM 4.16%
Return on equity TTM 7.67%
Profit margin 58.4%
Book value $62.57
Market capitalisation $5 billion

TTM: trailing 12 months

Innovative Industrial Properties share dividends

98%

Dividend payout ratio: 98.11% of net profits

Recently Innovative Industrial Properties has paid out, on average, around 98.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.85% 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 2.85% return on their shares, in the form of dividend payments. In Innovative Industrial Properties's case, that would currently equate to about $5.46 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 14 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 30 December 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 $156.6296 up to $286.3688. A popular way to gauge a stock's volatility is its "beta".

IIPR.US volatility(beta: 1.47)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 1.4739. 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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