Innovative Industrial Properties (NYSE:IIPR – Get Free Report) posted its earnings results on Wednesday. The company reported $2.22 EPS for the quarter, hitting the consensus estimate of $2.22, Zacks reports. Innovative Industrial Properties had a net margin of 52.51% and a return on equity of 8.44%.
Innovative Industrial Properties Stock Performance
Shares of IIPR traded down $0.53 on Wednesday, reaching $73.41. The company’s stock had a trading volume of 314,895 shares, compared to its average volume of 276,944. The company has a debt-to-equity ratio of 0.15, a current ratio of 11.53 and a quick ratio of 11.53. The stock has a market capitalization of $2.08 billion, a P/E ratio of 13.06 and a beta of 1.40. The stock’s 50 day simple moving average is $74.70 and its two-hundred day simple moving average is $105.41. Innovative Industrial Properties has a 12-month low of $62.45 and a 12-month high of $138.35.
Innovative Industrial Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Innovative Industrial Properties’s payout ratio is 135.23%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on IIPR
Innovative Industrial Properties Company Profile
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.
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