Innovative Industrial Properties (IIPR) stock gained despite market dip.

From NASDAQ: 2024-06-14 18:15:11

Innovative Industrial Properties (IIPR) closed at $106.62, up 0.33%, surpassing the S&P 500. In the past month, the stock dropped by 6.53%, below the Finance sector’s loss of 0.72% and the S&P 500’s gain of 4.15%.

IIPR is expected to report an EPS of $2.28 and revenue of $79.15 million, predicting a 0.88% and 3.52% increase, respectively. Zacks Consensus Estimates for the year forecast earnings of $9.13 per share and revenue of $311.7 million.

IIPR is currently ranked #2 (Buy) on the Zacks Rank system. Its Forward P/E ratio is 11.64, slightly higher than the industry average of 11.59. The REIT and Equity Trust – Other industry ranks in the bottom 31% of all industries.

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Read more at NASDAQ: Why the Market Dipped But Innovative Industrial Properties (IIPR) Gained Today