Media headlines about Innovative Industrial Properties (NYSE:IIPR) have trended positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Innovative Industrial Properties earned a news impact score of 0.50 on Accern’s scale. Accern also gave news headlines about the company an impact score of 48.1448106054572 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Innovative Industrial Properties traded up $0.52, reaching $33.32, during trading on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 2,374 shares, compared to its average volume of 94,744. Innovative Industrial Properties has a fifty-two week low of $16.35 and a fifty-two week high of $39.75. The stock has a market capitalization of $219.72 million, a PE ratio of 49.73 and a beta of -1.22.
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Innovative Industrial Properties (NYSE:IIPR) last released its earnings results on Wednesday, May 9th. The company reported $0.09 EPS for the quarter. Innovative Industrial Properties had a return on equity of 1.42% and a net margin of 14.26%. The firm had revenue of $2.76 million during the quarter. analysts expect that Innovative Industrial Properties will post 1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Friday, June 29th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 28th. This represents a $1.00 annualized dividend and a yield of 3.00%. Innovative Industrial Properties’s payout ratio is 149.25%.
IIPR has been the subject of a number of research reports. Zacks Investment Research raised Innovative Industrial Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 5th. ValuEngine raised Innovative Industrial Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
In related news, VP Brian J. Wolfe sold 6,013 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $37.34, for a total transaction of $224,525.42. Following the completion of the transaction, the vice president now directly owns 12,502 shares of the company’s stock, valued at approximately $466,824.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 400 shares of company stock valued at $14,612 over the last three months. 6.20% of the stock is currently owned by insiders.
Innovative Industrial Properties Company Profile
Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial 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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