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Innovative Industrial Properties (IIPR) Gains But Lags Market: What You Should Know
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In the latest trading session, Innovative Industrial Properties (IIPR - Free Report) closed at $186.33, marking a +0.06% move from the previous day. The stock lagged the S&P 500's daily gain of 0.84%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 0.1%.
Prior to today's trading, shares of the company had lost 12.53% over the past month. This has lagged the Finance sector's loss of 2.04% and the S&P 500's loss of 4.03% in that time.
Wall Street will be looking for positivity from Innovative Industrial Properties as it approaches its next earnings report date. In that report, analysts expect Innovative Industrial Properties to post earnings of $1.84 per share. This would mark year-over-year growth of 42.64%. Our most recent consensus estimate is calling for quarterly revenue of $60.5 million, up 63.12% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Innovative Industrial Properties. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% lower. Innovative Industrial Properties is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Innovative Industrial Properties has a Forward P/E ratio of 21.16 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.67.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Innovative Industrial Properties (IIPR) Gains But Lags Market: What You Should Know
In the latest trading session, Innovative Industrial Properties (IIPR - Free Report) closed at $186.33, marking a +0.06% move from the previous day. The stock lagged the S&P 500's daily gain of 0.84%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 0.1%.
Prior to today's trading, shares of the company had lost 12.53% over the past month. This has lagged the Finance sector's loss of 2.04% and the S&P 500's loss of 4.03% in that time.
Wall Street will be looking for positivity from Innovative Industrial Properties as it approaches its next earnings report date. In that report, analysts expect Innovative Industrial Properties to post earnings of $1.84 per share. This would mark year-over-year growth of 42.64%. Our most recent consensus estimate is calling for quarterly revenue of $60.5 million, up 63.12% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Innovative Industrial Properties. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% lower. Innovative Industrial Properties is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Innovative Industrial Properties has a Forward P/E ratio of 21.16 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.67.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.