JMP Securities is very positive about IIPR and gave it a « $260.00 – $300.00 » rating on Nov 04, 2021. The price target was set to 267.68+2.93.
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| Fair opening price April 14, 2022 | Current price |
|---|---|
| $185.34 | $183.53 (Undervalued) |
Similarly, Is IIPR overvalued?
Price to Book Ratio
PB vs Industry: IIPR is overvalued based on its PB Ratio (3.2x) compared to the US REITs industry average (1.9x).
What is IIPR target price? Innovative Industrial Properties Inc (NYSE:IIPR)
The 7 analysts offering 12-month price forecasts for Innovative Industrial Properties Inc have a median target of 264.00, with a high estimate of 300.00 and a low estimate of 175.00. The median estimate represents a +39.76% increase from the last price of 188.90.
Thereof, Is IIPR a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
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.
What sector is IIPR in?
Key Data
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Services |
| Industry | Real Estate Investment Trusts |
| 1 Year Target | $270.00 |
Is IIPR a strong buy?
Key Points. IIPR has become one of the hottest REITs with a 935% gain in share price in five years. Despite concern over its future growth prospects, IIPR is generating strong revenue with huge year-over-year gains. With share prices down 24%, it’s a screaming buy for long-term dividend investors.
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 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 is VGM score?
Zacks Rank + Style Scores = Bigger Returns
We also produce the VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual Style Scores into one score. This is perfectly suited for those who want their stocks to have the best scores across the board.
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 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.
What is IIPR PA?
IIPR-PA – Innovative Industrial Properties, Inc.
Which is better Zacks or Morningstar?
Zacks is much more quantitative in nature, while Morningstar uses fundamental analysis as a larger part of its recommendations. Morningstar appears to base its recommendations on an unbiased scale, while the Zacks Investment Research rating system is based solely on giving its members the most potential for profit.
What does Zacks Strong Sell mean?
A strong sell is a type of stock trading recommendation given by investment analysts for a stock that is expected to dramatically underperform when compared with the average market return and/or return of comparable stocks in the same sector or industry. It is an emphatic negative comment on a stock’s prospects.
What is a good stock score?
Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value under 3.0.
Does PW pay a dividend?
PW does not currently pay a dividend.
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.
Is PW stock a buy?
The last rating was given by Aegis Capital on Apr 05, 2022. The price target was set to 37.79+0.48. Over the last 30 days, this security got 0 buy, 1 sell, and 0 hold ratings.
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Predicted Opening Price for Power REIT of Monday, April 11, 2022.
| Fair opening price April 11, 2022 | Current price |
|---|---|
| $34.94 | $34.96 (Overvalued) |
What’s REIT stock?
Real estate investment trusts (“REITs”) allow individuals to invest in large-scale, income-producing real estate. A REIT is a company that owns and typically operates income-producing real estate or related assets.
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