We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Innovative Industrial Properties (IIPR) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
Innovative Industrial Properties (IIPR - Free Report) closed the most recent trading day at $101.19, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq lost 1.64%.
Heading into today, shares of the company had gained 15.53% over the past month, outpacing the Finance sector's gain of 5.35% and the S&P 500's gain of 4% in that time.
Investors will be eagerly watching for the performance of Innovative Industrial Properties in its upcoming earnings disclosure. In that report, analysts expect Innovative Industrial Properties to post earnings of $2.27 per share. This would mark year-over-year growth of 7.08%. Our most recent consensus estimate is calling for quarterly revenue of $77.25 million, up 9.64% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Innovative Industrial Properties. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Innovative Industrial Properties boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Innovative Industrial Properties is holding a Forward P/E ratio of 11.01. This represents a discount compared to its industry's average Forward P/E of 11.2.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Innovative Industrial Properties (IIPR) Rises As Market Takes a Dip: Key Facts
Innovative Industrial Properties (IIPR - Free Report) closed the most recent trading day at $101.19, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq lost 1.64%.
Heading into today, shares of the company had gained 15.53% over the past month, outpacing the Finance sector's gain of 5.35% and the S&P 500's gain of 4% in that time.
Investors will be eagerly watching for the performance of Innovative Industrial Properties in its upcoming earnings disclosure. In that report, analysts expect Innovative Industrial Properties to post earnings of $2.27 per share. This would mark year-over-year growth of 7.08%. Our most recent consensus estimate is calling for quarterly revenue of $77.25 million, up 9.64% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Innovative Industrial Properties. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Innovative Industrial Properties boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Innovative Industrial Properties is holding a Forward P/E ratio of 11.01. This represents a discount compared to its industry's average Forward P/E of 11.2.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.