Innovative Industrial Properties (NYSE: IIPR) is one of 15 public companies in the “Specialized REITs” industry, but how does it contrast to its competitors? We will compare Innovative Industrial Properties to similar businesses based on the strength of its profitability, institutional ownership, dividends, risk, valuation, analyst recommendations and earnings.
Institutional and Insider Ownership
8.6% of Innovative Industrial Properties shares are owned by institutional investors. Comparatively, 65.5% of shares of all “Specialized REITs” companies are owned by institutional investors. 10.6% of Innovative Industrial Properties shares are owned by insiders. Comparatively, 6.3% of shares of all “Specialized REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares Innovative Industrial Properties and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Innovative Industrial Properties||$320,000.00||-$4.39 million||-10.02|
|Innovative Industrial Properties Competitors||$957.09 million||$112.54 million||92.82|
Innovative Industrial Properties’ competitors have higher revenue and earnings than Innovative Industrial Properties. Innovative Industrial Properties is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent recommendations for Innovative Industrial Properties and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Innovative Industrial Properties||0||0||1||0||3.00|
|Innovative Industrial Properties Competitors||43||261||656||24||2.67|
Innovative Industrial Properties currently has a consensus target price of $23.00, indicating a potential downside of 23.97%. As a group, “Specialized REITs” companies have a potential upside of 20.60%. Given Innovative Industrial Properties’ competitors higher probable upside, analysts clearly believe Innovative Industrial Properties has less favorable growth aspects than its competitors.
Innovative Industrial Properties pays an annual dividend of $1.00 per share and has a dividend yield of 3.3%. Innovative Industrial Properties pays out -33.1% of its earnings in the form of a dividend. As a group, “Specialized REITs” companies pay a dividend yield of 4.7% and pay out 261.3% of their earnings in the form of a dividend.
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||25.87%||7.30%||2.55%|
Innovative Industrial Properties competitors beat Innovative Industrial Properties on 10 of the 14 factors compared.
Innovative Industrial Properties Company Profile
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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