Innovative Industrial Properties (IIPR) Stock Drops Despite Market Gains: Important Facts to Note
From Nasdaq: 2025-06-27 18:15:00
Innovative Industrial Properties (IIPR) closed at $57.12, down 1.4% from the previous day, underperforming the S&P 500 and Nasdaq. Prior to this, IIPR shares had outpaced the Finance sector but lagged behind the S&P 500. Analysts project a 31.44% drop in EPS and a 20.67% decrease in revenue for the upcoming quarter.
Analyst estimates for IIPR have seen recent positive revisions, reflecting optimism about the company’s profitability. These estimate changes often correlate with stock price performance, with Zacks Rank using them to provide actionable ratings. IIPR currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 8.67, trading at a discount to its industry.
Zacks Research Chief highlights IIPR as a top stock pick with potential to at least double, emphasizing its money-doubling prospects. With a Zacks Rank of #3 and a Forward P/E ratio of 8.67, IIPR is positioned favorably within the REIT and Equity Trust – Other industry. Investors can access more information on Zacks.com for further analysis and insights.
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