Innovative Industrial Property (IIPR) Shares Fall As The Market Gains: What You Need To Know

IIn the last trading session, Innovative Industrial Properties (IIPR) closed at $ 239.05, marking a movement of -1.56% from the previous day. This move fell behind the S&P 500’s 0.75% daily gain.

Prior to today’s session, the company’s shares had gained 3.13% over the past month. This exceeded the financial sector’s 1.42% gain and the S&P 500’s 0.05% loss during this period.

Wall Street will research the positivity of the IIRP as the date of its next earnings report approaches. The company is expected to post EPS of $ 1.72, up 34.38% from the previous year quarter. Meanwhile, our latest consensus estimate projects revenue of $ 52.8 million, up 53.8% from the previous year’s quarter.

For the full year, our Zacks consensus estimates project earnings of $ 6.71 per share and revenue of $ 200.8 million, which would represent changes of + 34.2% and + 71.78%, respectively, compared to the previous year.

It is also important to note the recent changes in analyst estimates for the IIPR. Recent revisions tend to reflect the latest short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.

Our research shows that these changes in estimate are directly correlated with short-term stock prices. 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.

Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive record of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS forecast has fallen 0.23%. IIPR is currently a Zacks Rank # 3 (Hold).

In view of its valuation, IIPR has a forward P / E ratio of 36.19. For comparison, his industry has an average forward P / E of 18.67, which means the IIPR is trading at a premium to the group.

The REIT and Equity Trust – Other Industry is part of the Finance sector. This group has a Zacks Industry Rank of 78, placing it in the top 31% of all 250+ industries.

The Zacks Industry Rank measures the strength of our 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.

You can find more information on all of these metrics, and more, at

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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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