Innovative Industrial Properties (NYSE:IIPR) vs. The Competition Critical Analysis
Innovative Industrial Properties (NYSE: IIPR) is one of 14 public companies in the “Specialized REITs” industry, but how does it compare to its competitors? We will compare Innovative Industrial Properties to related businesses based on the strength of its dividends, institutional ownership, risk, earnings, analyst recommendations, profitability and valuation.
Earnings and Valuation
This table compares Innovative Industrial Properties and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Innovative Industrial Properties||$320,000.00||-$4.39 million||-44.75|
|Innovative Industrial Properties Competitors||$957.09 million||$112.54 million||43.04|
Innovative Industrial Properties pays an annual dividend of $1.00 per share and has a dividend yield of 3.5%. Innovative Industrial Properties pays out -158.7% of its earnings in the form of a dividend. As a group, “Specialized REITs” companies pay a dividend yield of 4.6% and pay out 202.5% of their earnings in the form of a dividend.
Institutional and Insider Ownership
8.8% of Innovative Industrial Properties shares are held by institutional investors. Comparatively, 68.0% of shares of all “Specialized REITs” companies are held by institutional investors. 10.6% of Innovative Industrial Properties shares are held by company insiders. Comparatively, 5.9% of shares of all “Specialized REITs” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
This is a summary of recent ratings and price targets for Innovative Industrial Properties and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Innovative Industrial Properties||0||0||1||0||3.00|
|Innovative Industrial Properties Competitors||47||265||660||24||2.66|
Innovative Industrial Properties currently has a consensus price target of $34.00, indicating a potential upside of 20.61%. As a group, “Specialized REITs” companies have a potential upside of 19.06%. Given Innovative Industrial Properties’ stronger consensus rating and higher probable upside, analysts clearly believe Innovative Industrial Properties is more favorable than its competitors.
This table compares Innovative Industrial Properties and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Innovative Industrial Properties||-108.39%||-8.09%||-7.47%|
|Innovative Industrial Properties Competitors||15.23%||6.14%||2.00%|
Innovative Industrial Properties competitors beat Innovative Industrial Properties on 9 of the 14 factors compared.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company’s real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.
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