Innovative Industrial Properties stock rose 7.76% in past month, outperforming S&P 500

From Nasdaq: 2024-05-03 17:50:10

Innovative Industrial Properties (IIPR) closed at $109.48, with a 1.1% increase. The stock outperformed the S&P 500, which saw a 1.26% gain. In the past month, the stock rose by 7.76%, surpassing the Finance sector’s loss of 1.92% and the S&P 500’s loss of 2.68%.

Innovative Industrial Properties is set to reveal earnings on May 8, 2024, with analysts expecting earnings of $2.27 per share, a 0.89% increase. Revenue is estimated to be $79.65 million, a 4.71% increase year-over-year. Analysts’ estimates impact stock performance, leading to the Zacks Rank system with a current rank of #3 (Hold).

Bitcoin has historically provided the highest returns among asset classes, with significant returns during presidential election years—2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks forecasts continued growth. For more insights on stock performance metrics, visit Zacks.com during trading sessions.



Read more at Nasdaq: Innovative Industrial Properties (IIPR) Ascends But Remains Behind Market: Some Facts to Note