1 week Ago By ABMN Staff
American Century Companies Inc. raised its holdings in Innovative Industrial Properties, Inc. ( NYSE:IIPR – Free Report ) by 1.
7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,158 shares of the company’s stock after buying an additional 270 shares during the period. American Century Companies Inc.
’s holdings in Innovative Industrial Properties were worth $1,077,000 at the end of the most recent quarter. Other hedge funds also recently made changes to their positions in the company. Roberts Glore & Co.
Inc. IL raised its stake in Innovative Industrial Properties by 4.6% in the 4th quarter.
Roberts Glore & Co. Inc. IL now owns 3,920 shares of the company’s stock valued at $261,000 after acquiring an additional 172 shares during the period.
Avantax Advisory Services Inc. lifted its stake in shares of Innovative Industrial Properties by 2.1% during the 4th quarter.
Avantax Advisory Services Inc. now owns 9,543 shares of the company’s stock worth $636,000 after buying an additional 192 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of Innovative Industrial Properties by 3.
6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,700 shares of the company’s stock worth $378,000 after buying an additional 200 shares during the period. Captrust Financial Advisors grew its stake in Innovative Industrial Properties by 11.
6% in the 3rd quarter. Captrust Financial Advisors now owns 2,050 shares of the company’s stock valued at $276,000 after buying an additional 213 shares during the last quarter. Finally, Principal Securities Inc.
raised its holdings in Innovative Industrial Properties by 31.1% in the 4th quarter. Principal Securities Inc.
now owns 1,192 shares of the company’s stock valued at $79,000 after acquiring an additional 283 shares during the period. 70.58% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Innovative Industrial Properties In other news, Director David Stecher sold 7,599 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $70.55, for a total value of $536,109.
45. Following the completion of the transaction, the director now directly owns 1,346 shares in the company, valued at approximately $94,960.30.
This represents a 84.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Company insiders own 1.50% of the company’s stock. Innovative Industrial Properties Price Performance Innovative Industrial Properties ( NYSE:IIPR – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th.
The company reported $2.22 EPS for the quarter, meeting the consensus estimate of $2.22.
The business had revenue of $76.74 million during the quarter, compared to the consensus estimate of $76.21 million.
Innovative Industrial Properties had a net margin of 52.40% and a return on equity of 8.39%.
On average, analysts anticipate that Innovative Industrial Properties, Inc. will post 8.28 earnings per share for the current fiscal year.
Innovative Industrial Properties Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.90 dividend.
This represents a $7.60 annualized dividend and a yield of 15.67%.
The ex-dividend date of this dividend is Monday, March 31st. Innovative Industrial Properties’s dividend payout ratio (DPR) is presently 137.43%.
Wall Street Analyst Weigh In A number of brokerages have recently weighed in on IIPR. JMP Securities reiterated a “market perform” rating on shares of Innovative Industrial Properties in a research note on Monday, December 16th. Roth Mkm dropped their target price on Innovative Industrial Properties from $140.
00 to $130.00 and set a “buy” rating for the company in a report on Friday, February 21st. BTIG Research downgraded shares of Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd.
Compass Point reiterated a “sell” rating and issued a $50.00 price objective (down previously from $60.00) on shares of Innovative Industrial Properties in a research note on Monday, March 31st.
Finally, Piper Sandler lowered their target price on shares of Innovative Industrial Properties from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, March 31st.
Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.
00. Check Out Our Latest Stock Analysis on Innovative Industrial Properties About Innovative Industrial Properties ( Free Report ) 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.
See Also Want to see what other hedge funds are holding IIPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innovative Industrial Properties, Inc. ( NYSE:IIPR – Free Report ).
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