Is IIPR overvalued?

Price to Book Ratio

PB vs Industry: IIPR is overvalued based on its PB Ratio (3.7x) compared to the US REITs industry average (2x).

Is IIPR a good investment?

IIPR is hardly a secret. Its mega growth has put it on the map for most investors, meaning the company could be seen as overvalued when it comes to its current performance. Its price-to-AFFO, a common indicator as to whether a stock is overvalued, is 40 times — far above the standard 10 times to 30 times range.

What sector is IIPR?

Key Data

Label Value
Exchange NYSE
Sector Consumer Services
Industry Real Estate Investment Trusts
1 Year Target $249.00

Is IIPR a buy now?

Shares rose 1.2% to 216.50 in after hours the stock market today. IIPR stock is in a cup base with a 222.18 buy point. … The stock’s EPS Rating is 92. IIPR stock’s relative strength line has risen since May.

Why is IIPR stock up?

Shares of Innovative Industrial Properties (NYSE:IIPR) jumped 12.6% in July, according to data from S&P Global Market Intelligence. … The stock’s monthly gain largely stems from continued investor enthusiasm about the prospects for the cannabis-focused real estate investment trust (REIT), rather than a specific catalyst.

Who owns IIPR?

Largest shareholders include BlackRock Inc., Vanguard Group Inc, IJR – iShares Core S&P Small-Cap ETF, State Street Corp, VGSIX – Vanguard Real Estate Index Fund Investor Shares, Zimmer Partners, LP, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, NAESX – Vanguard Small-Cap Index Fund Investor Shares, …

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Who founded IIPR?

The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

What is power REIT?

Power REIT is a real estate investment trust (REIT) that owns real estate assets related to infrastructure assets, including properties for controlled Environment Agriculture (CEA), Renewable Energy and Transportation.