Investors focused on the Finance space have likely heard of Innovative Industrial Properties (IIPR Quick QuoteIIPR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

Innovative Industrial Properties is a member of the Finance sector. This group includes 851 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. IIPR is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for IIPR's full-year earnings has moved 1.51% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, IIPR has returned 43.18% so far this year. In comparison, Finance companies have returned an average of 10.52%. This means that Innovative Industrial Properties is outperforming the sector as a whole this year.

Looking more specifically, IIPR belongs to the REIT and Equity Trust - Other industry, a group that includes 121 individual stocks and currently sits at #148 in the Zacks Industry Rank. On average, this group has gained an average of 13.61% so far this year, meaning that IIPR is performing better in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track IIPR. The stock will be looking to continue its solid performance.