How to Buy Innovative Industrial Properties Stock
Innovative Industrial Properties Inc
Innovative Industrial Properties is a industrial REIT company located in Utah, United States, which is part of the Real Estate sector, and is traded under the ticker IIPR on the NYSE exchange.
Innovative Industrial Properties stock last closed at $98.63, up 2.21% from the previous day, and has increased 43.67% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.5 percentage points. Innovative Industrial Properties stock is currently +55.67% from its 52-week low of $63.36, and -6.79% from its 52-week high of $105.81.
As of Apr 23, 2024, there are 28.21M IIPR shares outstanding. The market capitalization of IIPR is $2.78B. In the past 24 hours, 118,910 IIPR shares were traded.
How to Buy Innovative Industrial Properties Stock
Not sure how to invest in Innovative Industrial Properties stock? Here's how.
- Figure out where to buy Innovative Industrial Properties stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Innovative Industrial Properties stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Evaluate Innovative Industrial Properties stock: The Innovative Industrial Properties ticker symbol is IIPR. Is Innovative Industrial Properties stock a good investment? Should you buy shares of IIPR? How do IIPR's underlying business fundamentals look? Do top analysts think Innovative Industrial Properties is a good buy? Why has IIPR's stock price moved recently? (Hint: Our stock market research tools can help you figure out if IIPR is a good stock to buy).
- Place your IIPR buy order: Decide if you will purchase IIPR shares at the current market price or use a limit order to purchase IIPR stock at a specific price.
- Get key alerts regarding your IIPR position: Create a watchlist to important notifications about your position in Innovative Industrial Properties shares.
Step 1: Figure out where to buy Innovative Industrial Properties stock
You need a brokerage account in order to access the NYSE market and buy IIPR shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can invest in IIPR stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on our top ranked stock app, you need to deposit funds:
Watch this video walkthrough for more details transferring money into your brokerage account.
Step 4: Evaluate Innovative Industrial Properties stock
Once you have chosen the best place to buy Innovative Industrial Properties stock, it's critical to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Overview of key IIPR info
IIPR Overview
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on IIPR's stock page.
Is IIPR stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IIPR's true value.
Using relative valuations measures:
- IIPR could be undervalued based on its P/E ratio of 16.95x, relative to REIT - Industrial industry P/E ratio of 28.64x
- IIPR may be undervalued based on its P/B ratio of 1.42x, relative to REIT - Industrial industry P/B ratio of 2.06x
- IIPR could be undervalued based on its PEG ratio of 0.46x
You can do additional valuation research on IIPR's stock here.
IIPR Financial Health Summary
Positive Health Checks:
- IIPR earnings of $183.06M is not sufficient to cover its interest payments.
- IIPR has a low debt to equity ratio of 0.22.
- IIPR's operating cash flow of $255.54M allows it to safely service it's debt of $310.47M.
Negative Health Checks:
- Total IIPR debt is higher than 5 years ago, relative to shareholder equity.
- IIPR profit margin has gone down from 55.4% to 53.1% in the past year.
Do analysts think it's a good time to buy IIPR stock
Out of 2 Equities analysts who research IIPR, the consensus analyst rating on IIPR is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Innovative Industrial Properties stock forecast page.
IIPR Trading Indicators
Is IIPR Making Money?
Last year, IIPR earnings were $164.24M. In the past 5 year, IIPR's earnings have increased by 50.25% per year. This was faster than the REIT - Industrial industry average of 7.05%.
Last year, IIPR revenue was $309.51M. During the last five year, IIPR's revenue has gone up by 83.72% per year. This was faster than the REIT - Industrial industry average of 18.7%.
Dive into IIPR's earnings and revenue performance here.
Are IIPR insiders buying or selling the stock?
Over the last year, insiders at IIPR have sold more shares than they have bought.
Andy Bui, VP CHIEF ACCOUNTING OFFICER of IIPR, was the latest IIPR insider to sell. They sold $52,123.94 worth of IIPR shares on Jan 1, 2024.
Research more about who owns IIPR stock here.
Can I rely on IIPR as an income stream?
Innovative Industrial Properties pays a dividend of 7.34%, compared to the REIT - Industrial industry's average dividend yield of 4.17%. If you owned $1,000 of IIPR stock, you would have been paid $73.41 in the past 12 months.
Innovative Industrial Properties dividend payments have consistently grown over the past 7 years and have remained stable.
Get more analysis about Innovative Industrial Properties dividend yield and history here.
What others are saying about IIPR
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Step 5: Place your IIPR buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Click the Open button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your IIPR position
Now that you own some IIPR stock, you'll want to stay up-to-date on your stock purchase.
Add IIPR to a watchlist to keep track of your IIPR stock.
IIPR Feed
How to Buy Stock in Innovative Industrial Properties
To summarize, here are the 6 steps for buying Innovative Industrial Properties stock:
- Figure out where to buy Innovative Industrial Properties stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Innovative Industrial Properties stock
- Place your IIPR buy order
- Get key alerts regarding your IIPR position
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Innovative Industrial Properties, create a watchlist today.
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