Positive News Coverage Somewhat Unlikely to Affect Innovative Industrial Properties (IIPR) Share Price

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Media coverage about Innovative Industrial Properties (NYSE:IIPR) has trended positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 news sentiment score of 0.41 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3989344238944 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

A number of brokerages have recently weighed in on IIPR. Zacks Investment Research lowered Innovative Industrial Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. ValuEngine raised Innovative Industrial Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

Shares of Innovative Industrial Properties traded up $0.41, reaching $35.06, during trading on Friday, Marketbeat reports. 737,407 shares of the stock were exchanged, compared to its average volume of 153,764. Innovative Industrial Properties has a 1-year low of $15.72 and a 1-year high of $39.75. The firm has a market capitalization of $235.13 million, a price-to-earnings ratio of 52.33 and a beta of -0.88.

Innovative Industrial Properties (NYSE:IIPR) last issued its earnings results on Wednesday, May 9th. The company reported $0.09 earnings per share for the quarter. Innovative Industrial Properties had a return on equity of 1.42% and a net margin of 14.26%. The company had revenue of $2.76 million for the quarter. research analysts anticipate that Innovative Industrial Properties will post 1.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, June 28th. Innovative Industrial Properties’s payout ratio is 149.25%.

In other news, VP Brian J. Wolfe sold 6,013 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $37.34, for a total transaction of $224,525.42. Following the transaction, the vice president now directly owns 12,502 shares of the company’s stock, valued at $466,824.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 400 shares of company stock worth $14,612 over the last ninety days. 6.20% of the stock is owned by insiders.

Innovative Industrial Properties Company Profile

Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc intends to elect to be taxed as a real estate investment trust.

Insider Buying and Selling by Quarter for Innovative Industrial Properties (NYSE:IIPR)

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