Innovative Industrial Properties (NYSE:IIPR – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Innovative Industrial Properties to post earnings of $2.10 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.62). Innovative Industrial Properties had a net margin of 53.50% and a return on equity of 8.54%. The company had revenue of $79.16 million during the quarter, compared to analysts’ expectations of $76.55 million.
Innovative Industrial Properties Stock Down 1.5 %
IIPR stock opened at $107.89 on Tuesday. The company’s 50 day moving average price is $99.53 and its 200 day moving average price is $92.26. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 18.70 and a beta of 1.48. Innovative Industrial Properties has a fifty-two week low of $65.16 and a fifty-two week high of $111.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 14.22 and a current ratio of 14.22.
Innovative Industrial Properties Announces Dividend
Analyst Upgrades and Downgrades
A number of analysts have issued reports on IIPR shares. TheStreet raised Innovative Industrial Properties from a “c+” rating to a “b-” rating in a report on Wednesday, January 10th. Piper Sandler boosted their target price on Innovative Industrial Properties from $85.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.67.
View Our Latest Report on Innovative Industrial Properties
About Innovative Industrial Properties
Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated 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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