We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Innovative Industrial Properties (IIPR - Free Report) closed the most recent trading day at $111.26, moving -0.31% from the previous trading session. This move lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.28%.
Prior to today's trading, shares of the company had lost 4.3% over the past month. This has lagged the Finance sector's loss of 0.23% and the S&P 500's gain of 1.51% in that time.
Investors will be hoping for strength from Innovative Industrial Properties as it approaches its next earnings release. In that report, analysts expect Innovative Industrial Properties to post earnings of $2.02 per share. This would mark year-over-year growth of 23.17%. Meanwhile, our latest consensus estimate is calling for revenue of $68.5 million, up 40.17% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.44 per share and revenue of $279.35 million, which would represent changes of +26.73% and +36.57%, respectively, from the prior year.
Any recent changes to analyst estimates for Innovative Industrial Properties should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Innovative Industrial Properties is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Innovative Industrial Properties is holding a Forward P/E ratio of 13.22. This represents a premium compared to its industry's average Forward P/E of 12.64.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Innovative Industrial Properties (IIPR) Dips More Than Broader Markets: What You Should Know
Innovative Industrial Properties (IIPR - Free Report) closed the most recent trading day at $111.26, moving -0.31% from the previous trading session. This move lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.28%.
Prior to today's trading, shares of the company had lost 4.3% over the past month. This has lagged the Finance sector's loss of 0.23% and the S&P 500's gain of 1.51% in that time.
Investors will be hoping for strength from Innovative Industrial Properties as it approaches its next earnings release. In that report, analysts expect Innovative Industrial Properties to post earnings of $2.02 per share. This would mark year-over-year growth of 23.17%. Meanwhile, our latest consensus estimate is calling for revenue of $68.5 million, up 40.17% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.44 per share and revenue of $279.35 million, which would represent changes of +26.73% and +36.57%, respectively, from the prior year.
Any recent changes to analyst estimates for Innovative Industrial Properties should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Innovative Industrial Properties is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Innovative Industrial Properties is holding a Forward P/E ratio of 13.22. This represents a premium compared to its industry's average Forward P/E of 12.64.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.