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.

Correspondingly, Is Innovative Industrial Properties stock a buy? Innovative Industrial isn’t near its 52-week low of $162.81, but it could still be an attractive buy right now. Analysts see this stock rising to at least $240 over the next couple of years, which is 27% higher than where it is right now. Throw in its dividend and you could be looking at returns of at least 30%.

What sector is IIPR in? Key Data

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

Furthermore, 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 owns IIPR?

Top 10 Owners of Innovative Industrial Properties Inc

Stockholder Stake Total value ($)
The Vanguard Group, Inc. 14.56% 766,428,944
BlackRock Fund Advisors 14.01% 737,292,338
SSgA Funds Management, Inc. 4.99% 262,633,067
Zimmer Partners LP 3.02% 159,185,000

Is IIPR a REIT? About Innovative Industrial Properties, Inc.

As a public company traded on the NYSE, we are uniquely positioned in the industry to access public capital markets. As a REIT, one of our most attractive attributes is that we must distribute through a dividend to our stockholders at least 90 percent of our taxable income.

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 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.

Who are IIPR competitors?

Innovative Industrial Properties Competitors List

Company MarketRank Revenue
UE Urban Edge Properties 2.0232 of 5 stars $425.08M
GTY Getty Realty 2.3498 of 5 stars $155.41M
AHH Armada Hoffler Properties 2.3181 of 5 stars $284.08M
OPI Office Properties Income Trust 2.4032 of 5 stars $576.48M

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.

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.

Does PW pay a dividend? PW does not currently pay a dividend.

Who is the largest industrial REIT?

1. Prologis. Prologis is the largest industrial REIT by a wide margin and one of the largest REITs overall.

What is the largest REIT in the US?

The largest REIT by market cap was Simon Property Group, with the company’s outstanding shares of stock valued at almost 40.2 billion U.S. dollars. The REIT’s portfolio comprizes of malls, Premium Outlets, and other retail properties in North America, Europe, and Southeast Asia.

What REIT does Amazon use? Amazon’s landlord

The first one is STAG Industrial (STAG), a REIT that owns and operates single-tenant industrial properties throughout the U.S. Its biggest tenant is Amazon. The company’s portfolio consists of 517 buildings totaling approximately 103 million rentable square feet across 40 states.

 



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