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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Innovative Industrial Properties (IIPR - Free Report) closed at $52.19 in the latest trading session, marking a -1.97% move from the prior day. This change lagged the S&P 500's 0.13% loss on the day. Elsewhere, the Dow saw a downswing of 0.39%, while the tech-heavy Nasdaq appreciated by 0.15%.
The stock of company has fallen by 6.09% in the past month, lagging the Finance sector's gain of 2.08% and the S&P 500's gain of 3.39%.
Investors will be eagerly watching for the performance of Innovative Industrial Properties in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.57, signifying a 31.44% drop compared to the same quarter of the previous year. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $260.63 million. These totals would mark changes of -25.5% and -15.52%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Innovative Industrial Properties. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Innovative Industrial Properties boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Innovative Industrial Properties is presently trading at a Forward P/E ratio of 7.96. This signifies a discount in comparison to the average Forward P/E of 11.54 for its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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) Dips More Than Broader Market: What You Should Know
Innovative Industrial Properties (IIPR - Free Report) closed at $52.19 in the latest trading session, marking a -1.97% move from the prior day. This change lagged the S&P 500's 0.13% loss on the day. Elsewhere, the Dow saw a downswing of 0.39%, while the tech-heavy Nasdaq appreciated by 0.15%.
The stock of company has fallen by 6.09% in the past month, lagging the Finance sector's gain of 2.08% and the S&P 500's gain of 3.39%.
Investors will be eagerly watching for the performance of Innovative Industrial Properties in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.57, signifying a 31.44% drop compared to the same quarter of the previous year. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $260.63 million. These totals would mark changes of -25.5% and -15.52%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Innovative Industrial Properties. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Innovative Industrial Properties boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Innovative Industrial Properties is presently trading at a Forward P/E ratio of 7.96. This signifies a discount in comparison to the average Forward P/E of 11.54 for its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.