News coverage about Innovative Industrial Properties (NYSE:IIPR) has been trending positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Innovative Industrial Properties earned a coverage optimism score of 0.41 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.682627977911 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
A number of brokerages have issued reports on IIPR. Zacks Investment Research upgraded Innovative Industrial Properties from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, January 9th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Innovative Industrial Properties in a report on Friday, October 20th.
Innovative Industrial Properties (NYSE:IIPR) opened at $30.25 on Friday. Innovative Industrial Properties has a fifty-two week low of $15.45 and a fifty-two week high of $36.88. The company has a market capitalization of $113.79 and a P/E ratio of -10.02.
Innovative Industrial Properties (NYSE:IIPR) last announced its earnings results on Wednesday, November 8th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Innovative Industrial Properties had a negative return on equity of 8.09% and a negative net margin of 108.39%. The business had revenue of $1.56 million during the quarter. research analysts anticipate that Innovative Industrial Properties will post 0.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Innovative Industrial Properties’s previous quarterly dividend of $0.15. Innovative Industrial Properties’s dividend payout ratio is presently -33.11%.
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About Innovative Industrial Properties
Innovative Industrial Properties, Inc is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases.
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