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Wednesday, February 1, 2023

The Question Is Whether To Buy Or Not To Buy Innovative Industrial Properties Inc. (NYSE: IIPR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Innovative Industrial Properties Inc. (IIPR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.66, or 0.72%, to $92.75. The Innovative Industrial Properties Inc. has recorded 7,222 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Innovative Industrial Properties Announces Q4 and FY 2022 Operating, Investment and Capital Markets Activity.


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Stocks Info

Innovative Industrial Properties Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Industrial industry. At the end of the last regular session, the stock closed at $92.09 and fluctuated between $97.52 as its day high and $91.92 as its day low. The current market capitalization of Innovative Industrial Properties Inc. is $2.54B. A total of 1.63 million shares were traded on the day, compared to an average of 335.32K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, IIPR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 4,811 shares during that period but sold 0.

In the most recent transaction, Gold Alan D bought 1,000 shares of IIPR for 97.79 per share on Aug 12. After the transaction, the EXECUTIVE CHAIRMAN now owns 213,308 company shares. In a previous transaction on Aug 10, Gold Alan D bought 1,000 shares at 94.22 per share. IIPR shares that EXECUTIVE CHAIRMAN owns now total 212,308.

Among the insiders who sold shares, Kreitzer Gary A disposed of 2,196 shares on Mar 15 at a per-share price of $30.13. This resulted in the Director holding 28,000 shares of IIPR after the transaction. In another insider transaction, Kreitzer Gary A sold 1,104 shares at $31.05 per share on Mar 14. Company shares held by the Director now total 30,196.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Innovative Industrial Properties Inc. pays an annual dividend of $7.20, resulting in a dividend yield of 7.82%, and it has a price to earnings (P/E) ratio of 17.70. IIPR’s most recent ex-dividend date was 12/29/2022 when it declared a $1.80 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/29/2022. The IIPR stock dividend was $1.80 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for IIPR in the last 3 months, the mean price target is $156.83 with high estimates of $196.00 and low estimates of $140.00. In terms of 52-week highs and lows, IIPR has a high of $211.17 and a low of $87.47.

As of this writing, IIPR has an earnings estimate of $1.29 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.4 per share and a lower estimate of $1.23. The company reported an EPS of $1.32 in the last quarter, which was -2.90% lower than expectations of $1.36.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IIPR is Overweight with a score of 4.71. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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