Innovative Industrial Properties Inc. (NYSE:IIPR) went down by -3.85% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the REIT – Industrial giant went up by $89.26 to trade ended Friday trading at $92.83. This is down from the $92.83 price recorded on Thursday’s trading session. Thanks to this latest performance, IIPR is closer to the higher price 52-week target of $151.00 and further from the lowest price target of $75.00. Its performance from the start of the year has also been positive, with IIPR up by 17.65% year-to-date.
Innovative Industrial Properties Inc. (IIPR) started the day trading at $92.38 and recorded an intraday high of $92.71. It also recorded an intraday low of $88.73 during Friday’s trading session. Innovative Industrial Properties Inc. is a very active stock that recorded a trading volume that is more than 19.35% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 522224, which is more than 19.35 of the total average daily trading volume of 421.15K.
Innovative Industrial Properties Inc. (NYSE:IIPR) 2020 Performance Impressive
The increase in IIPR’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of IIPR currently stands at $139.53, which is higher than the current trading price of the stock by 36.03%. However, IIPR’s current trading price is -121.98% lower than the 52-week low price of $40.21. In terms of trading volume, Innovative Industrial Properties Inc. currently experienced healthy participation during the last trading session. 522224 shares of Innovative Industrial Properties Inc. were traded on the stock exchange on Friday, which is more than 19.35% of the 421.15K average trading volume of the stock.
The performance of the stock has been positive over the past year. IIPR’s performance over the past one year has seen it plunge by -25.42%, while the stock has gone up by 13.92% in the last six months. The quarterly performance of IIPR currently stands at 10.51%, and it is up by 4.06% in the last month. The only negative figure was from the weekly performance, which currently reads -6.68%. At the time of writing IIPR’s report, the company has a total market cap of $1.73B, making it one of the largest publicly-traded companies in the world.Innovative Industrial Properties Inc. also has over 15 employees all over the world.
IIPR Insider Activities
For Innovative Industrial Properties Inc., insiders hold 73.10% of all company shares. The insider transactions over the past six months are up by 2.60%. During that period, insiders bought 12,512 shares in 6 transactions. In that same period, insiders sold 26,328 of their shares in 4 transactions. After these transactions, insiders at Innovative Industrial Properties Inc. now hold 500.34k shares, which is over 60.25% of the total company stocks. Institutional investors currently hold a large chunk of the IIPR shares, as they control 2.94% of the company’s total stock.
IIPR Fundamental Analysis
For Innovative Industrial Properties Inc., the stock’s diluted earnings per share (EPS) stands at 2.35. In the coming year, analysts expect the EPS to be 5.07.
The Return on Investment (ROI) on Innovative Industrial Properties Inc.’s stock currently stands at 3.70%, and it has a net profit margin of 50.70%. The operating margin of the company is 57.30%, and its gross margin is 97.20%.
IIPR Analysts Prediction
and Ladenburg Thalmann reiterate their Buy position on the stock ($23 and $34).
Ladenburg Thalmann and Ladenburg Thalmann also believe that Innovative Industrial Properties Inc.’s stock is outperforming at the moment.
At the moment, Innovative Industrial Properties Inc.’s Total Debt to Equity ratio stands at 0.16, and they have a long-term Debt to Equity ratio of 0.16.
IIPR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of IIPR currently stands at -3.69%, while the SMA50 is 7.57%. The biggest one is the SMA200, which is currently reading 9.08% ahead of Friday’s trading session. The Relative Strength Index of this stock is 47.41, while its price to earnings ratio (P/E) is 37.92.