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) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Innovative Industrial Properties (IIPR - Free Report) closed at $57.24 in the latest trading session, marking a +1.58% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.94%. At the same time, the Dow added 0.75%, and the tech-heavy Nasdaq gained 1.52%.
Shares of the company have depreciated by 1.07% over the course of the past month, underperforming the Finance sector's loss of 0.56%, and the S&P 500's gain of 1.67%.
Analysts and investors alike will be keeping a close eye on the performance of Innovative Industrial Properties in its upcoming earnings disclosure. In that report, analysts expect Innovative Industrial Properties to post earnings of $1.68 per share. This would mark a year-over-year decline of 26.64%. In the meantime, our current consensus estimate forecasts the revenue to be $63.3 million, indicating a 20.67% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.98 per share and revenue of $260.63 million, which would represent changes of -22.27% and -15.52%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Innovative Industrial Properties. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been a 1.08% rise in the Zacks Consensus EPS estimate. As of now, Innovative Industrial Properties holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Innovative Industrial Properties is currently exchanging hands at a Forward P/E ratio of 8.08. This denotes a discount relative to the industry average Forward P/E of 11.46.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% 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) Beats Stock Market Upswing: What Investors Need to Know
Innovative Industrial Properties (IIPR - Free Report) closed at $57.24 in the latest trading session, marking a +1.58% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.94%. At the same time, the Dow added 0.75%, and the tech-heavy Nasdaq gained 1.52%.
Shares of the company have depreciated by 1.07% over the course of the past month, underperforming the Finance sector's loss of 0.56%, and the S&P 500's gain of 1.67%.
Analysts and investors alike will be keeping a close eye on the performance of Innovative Industrial Properties in its upcoming earnings disclosure. In that report, analysts expect Innovative Industrial Properties to post earnings of $1.68 per share. This would mark a year-over-year decline of 26.64%. In the meantime, our current consensus estimate forecasts the revenue to be $63.3 million, indicating a 20.67% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.98 per share and revenue of $260.63 million, which would represent changes of -22.27% and -15.52%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Innovative Industrial Properties. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been a 1.08% rise in the Zacks Consensus EPS estimate. As of now, Innovative Industrial Properties holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Innovative Industrial Properties is currently exchanging hands at a Forward P/E ratio of 8.08. This denotes a discount relative to the industry average Forward P/E of 11.46.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% 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.