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Innovative Industrial Properties (IIPR) closed at $54.99 in the latest trading session, marking a +1.25% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.63% for the day. At the same time, the Dow added 0.21%, and the tech-heavy Nasdaq gained 1.52%.
Prior to today's trading, shares of the company had lost 3.86% over the past month. This has lagged the Finance sector's loss of 0.81% and the S&P 500's loss of 0.7% in that time.
Market participants will be closely following the financial results of Innovative Industrial Properties in its upcoming release. The company plans to announce its earnings on May 7, 2025. The company is predicted to post an EPS of $1.99, indicating a 9.95% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $70.79 million, reflecting a 6.17% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.31 per share and a revenue of $263.05 million, signifying shifts of -18.6% and -14.74%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Innovative Industrial Properties. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 6.89% lower. Currently, Innovative Industrial Properties is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Innovative Industrial Properties is currently trading at a Forward P/E ratio of 7.43. For comparison, its industry has an average Forward P/E of 10.49, which means Innovative Industrial Properties is trading at a discount to the group.
The REIT and Equity Trust - Other industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 162, placing it within the bottom 35% of over 250 industries.