Innovative Industrial Properties (IIPR) Dive More Than Bigger Markets: What You Need to Know

IInnovative Industrial Properties (IIPR) closed at $ 261.10 on the last trading day, marking a movement of -0.44% from the previous day. This change was smaller than the S&P 500’s 0.3% loss on the day. Elsewhere, the Dow Jones lost 0.25%, while the tech-rich Nasdaq added 0.2%.

Prior to today, the company‘s shares had gained 4.79% over the past month, outpacing the financial sector’s gain of 2.2% and the S&P 500’s gain of 3.11% during that period.

Innovative Industrial Properties will look to show strength as the next publication of its results approaches. In this report, analysts expect Innovative Industrial Properties to post earnings of $ 1.84 per share. That would mark year-over-year growth of 42.64%. Our most recent consensus estimate projects quarterly revenue of $ 58.25 million, up 57.05% from the previous year.

For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ 6.67 per share and revenue of $ 204.1 million. These totals would mark changes of + 33.4% and + 74.6%, respectively, from a year ago.

Any recent changes in analysts’ estimates for innovative industrial properties should also be noted by investors. Recent revisions tend to reflect the latest short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.

Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. Investors can take advantage of this by using the Zacks Ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified history of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has fallen 0.62%. Innovative Industrial Properties is currently a Zacks Rank # 3 (Hold).

In view of its valuation, Innovative Industrial Properties has a forward P / E ratio of 39.32. Its industry has an average forward P / E of 18.72, so one could conclude that innovative industrial properties are trading at a comparatively premium.

The REIT and Equity Trust – Other Industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 104, which places it in the top 41% of 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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