Innovative Industrial Properties, Inc. (IIPR Quick QuoteIIPR - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock, which remained volatile and traded within the range of $87.25-$98.98 in the past one-month time frame, showed a sharp increase yesterday.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Innovative Industrial. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Innovative Industrial currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Innovative Industrial Properties, Inc. Price

Investors interested in the REIT and Equity Trust – Other industry may consider City Office REIT, Inc. (CIO Quick QuoteCIO - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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