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Innovative Industrial Properties Inc (NYSE: IIPR) closed the day trading at $123.00 down -7.06% from the previous closing price of $132.34. In other words, the price has decreased by -$7.06 from its previous closing price. On the day, 0.74 million shares were traded. IIPR stock price reached its highest trading level at $133.76 during the session, while it also had its lowest trading level at $120.0001.
Ratios:
For a better understanding of IIPR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.43. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.15.
On June 30, 2023, Piper Sandler Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $80.
Craig Hallum Downgraded its Buy to Hold on May 10, 2023, whereas the target price for the stock was revised from $125 to $80.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 15 ’23 when Stecher David sold 2,500 shares for $80.75 per share. The transaction valued at 201,888 led to the insider holds 7,529 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IIPR now has a Market Capitalization of 3749433600 and an Enterprise Value of 3676404480. As of this moment, Innovative’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.57, and their Forward P/E ratio for the next fiscal year is 19.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.16 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 11.775 whereas that against EBITDA is 14.908.
Stock Price History:
Over the past 52 weeks, IIPR has reached a high of $138.35, while it has fallen to a 52-week low of $73.04. The 50-Day Moving Average of the stock is -5.65%, while the 200-Day Moving Average is calculated to be 10.10%.
Shares Statistics:
Over the past 3-months, IIPR traded about 149.59K shares per day on average, while over the past 10 days, IIPR traded about 106750 shares per day. A total of 28.14M shares are outstanding, with a floating share count of 27.91M. Insiders hold about 1.50% of the company’s shares, while institutions hold 70.08% stake in the company. Shares short for IIPR as of 1728950400 were 1590272 with a Short Ratio of 10.63, compared to 1726185600 on 1715841. Therefore, it implies a Short% of Shares Outstanding of 1590272 and a Short% of Float of 8.62.
Dividends & Splits
IIPR’s forward annual dividend rate is 7.44, up from 7.34 a year ago. Against a Trailing Annual Dividend Yield of 0.055463202The stock’s 5-year Average Dividend Yield is 5.28.
