Innovative Industrial Properties (IIPR) stock closed down, but has outperformed recently

From Nasdaq: 2024-09-20 18:15:20

Innovative Industrial Properties (IIPR) closed at $134.91, down 0.57% from the day before, underperforming the S&P 500. Shares have increased by 12.23% over the past month, ahead of the Finance sector and S&P 500. Analysts predict EPS of $2.29 and revenue of $76.95 million for the company’s upcoming financial release.

Investors are advised to monitor changes in analyst estimates for Innovative Industrial Properties, as they indicate future business trends. Zacks Rank, a model correlating estimate changes with stock prices, gives IIPR a current ranking of #3 (Hold). The company’s Forward P/E ratio is 14.93, higher than its industry’s ratio of 13.09.

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