Is Innovative Industrial Properties stock a buy?

Is Innovative Industrial Properties stock a buy?

Summary. Innovative Industrial Properties stock has dropped by 30% year-to-date. Yet Innovative Industrial Properties’ fundamentals are intact, and we’re maintaining a Strong Buy. We forecast IIPR shares to return 50% annually.

Similarly, Is IIPR undervalued?

The stock of Innovative Industrial Properties (NYSE:IIPR, 30-year Financials) is estimated to be modestly overvalued, according to GuruFocus Value calculation.

Is IIPR stock a REIT? Key Points. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. But IIPR is no longer the only publicly traded REIT in the medical marijuana industry.

Thereof, What type of REIT is IIPR?

Innovative Industrial Properties (referred to as IIPR moving forward in this article) is a real estate investment trust, or « REIT ». The company owns industrial properties for the production of medical cannabis that it leases to operators. The company’s real estate portfolio includes 69 properties across 18 states.

What does IIPR stand for?

IIPR

Acronym Definition
IIPR Indian Institute of Pulses Research
IIPR Institute of Insurance and Pension Research (Canada)
IIPR Intelligence, Investigation and Protection Resources (Katy, TX)

What kind of stock is IIPR?

Stock Overview (U.S.: NYSE) | Barron’s.

Innovative Industrial Properties Inc.

Volume 268.79K
Market Value $4.68B
Shares Outstanding 27.57M
EPS (TTM) $4.56
P/E Ratio (TTM) 37.19

Is IIPR a REIT?

Key Points. IIPR was one of the best-performing growth stocks in the real estate industry over the past five years. But IIPR is no longer the only publicly traded REIT in the medical marijuana industry.

How can I invest in IIPR?

Find the stock by name or ticker symbol – IIPR – and research it before deciding if it’s a good investment for you. 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. Check in on your investment.

Who are IIPR competitors?

Innovative Industrial Properties Competitors List

Company MarketRank Revenue
UE Urban Edge Properties 2.0498 of 5 stars $425.08M
GTY Getty Realty 2.3498 of 5 stars $155.41M
AHH Armada Hoffler Properties 2.6514 of 5 stars $284.08M
OPI Office Properties Income Trust 2.2032 of 5 stars $576.48M

What properties does IIPR own?

  • PharmaCann. Buckeye Lake Village, Ohio. …
  • PharmaCann. Hamptonburgh, New York. …
  • The Pharm/Sunday Goods. Phoenix, Arizona. …
  • PharmaCann. Holliston, Massachusetts. …
  • The Pharm/Sunday Goods. Willcox, Arizona. …
  • Kings Garden. Palm Springs, California. …
  • Holistic Industries. Capitol Heights, Maryland. …
  • Emerald Growth Partners.

What sector is IIPR?

Key Data

Label Value
Exchange NYSE
Sector Consumer Services
Industry Real Estate Investment Trusts
1 Year Target $270.00

What is IIPR PA?

IIPR-PA – Innovative Industrial Properties, Inc.

How can I buy IIPR stock?

Find the stock by name or ticker symbol – IIPR – and research it before deciding if it’s a good investment for you. 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. Check in on your investment.

Is IIPR on Nasdaq?

Common Stock (IIPR) Real-Time Quotes | Nasdaq .

IIPR Real-Time Quotes Live.

NLS Volume 488,714
Previous Close $183.44
Today’s High / Low $183.99/$168.93
52 Week High / Low $288.0161/$162.81

What is power REIT?

Power REIT is a real estate investment trust (REIT) that owns real estate assets related to infrastructure assets, including properties for controlled Environment Agriculture (CEA), Renewable Energy and Transportation.

What are innovative industrial properties?

Innovative Industrial Properties, Inc. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.

Are industrial properties publicly owned?

The bottom line on Innovative Industrial Properties

Innovative Industrial Properties is the first publicly-traded REIT focused on owning medical-use cannabis facilities. As of late 2020, it was still the only one after a prospective rival decided not to proceed with a deal that would have qualified it as a REIT.

What sector is IIPR in?

Key Data

Label Value
Exchange NYSE
Sector Consumer Services
Industry Real Estate Investment Trusts
1 Year Target $270.00

Does PW pay a dividend?

PW does not currently pay a dividend.

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