For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Innovative Industrial Properties (IIPR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of IIPR and the rest of the Finance group's stocks.
Innovative Industrial Properties is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 1.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, IIPR has gained about 174.05% so far this year. At the same time, Finance stocks have gained an average of 11.13%. 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 117 individual stocks and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 22.67% so far this year, so IIPR is performing better this group in terms of year-to-date returns.
IIPR will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Innovative Industrial Properties (IIPR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of IIPR and the rest of the Finance group's stocks.
Innovative Industrial Properties is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 1.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, IIPR has gained about 174.05% so far this year. At the same time, Finance stocks have gained an average of 11.13%. 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 117 individual stocks and currently sits at #88 in the Zacks Industry Rank. Stocks in this group have gained about 22.67% so far this year, so IIPR is performing better this group in terms of year-to-date returns.
IIPR will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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