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Innovative Industrial Properties (IIPR) Outpaces Stock Market Gains: What You Should Know
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Innovative Industrial Properties (IIPR - Free Report) closed at $99.21 in the latest trading session, marking a +1% move from the prior day. This move outpaced the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 10.36%.
Coming into today, shares of the company had lost 16.79% in the past month. In that same time, the Finance sector lost 3.71%, while the S&P 500 lost 5.98%.
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 $2.03 per share. This would mark year-over-year growth of 9.73%. Our most recent consensus estimate is calling for quarterly revenue of $70 million, up 18.76% from the year-ago period.
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 a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Innovative Industrial Properties currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Innovative Industrial Properties has a Forward P/E ratio of 11.36 right now. Its industry sports an average Forward P/E of 11.53, so we one might conclude that Innovative Industrial Properties is trading at a discount comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Innovative Industrial Properties (IIPR) Outpaces Stock Market Gains: What You Should Know
Innovative Industrial Properties (IIPR - Free Report) closed at $99.21 in the latest trading session, marking a +1% move from the prior day. This move outpaced the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 10.36%.
Coming into today, shares of the company had lost 16.79% in the past month. In that same time, the Finance sector lost 3.71%, while the S&P 500 lost 5.98%.
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 $2.03 per share. This would mark year-over-year growth of 9.73%. Our most recent consensus estimate is calling for quarterly revenue of $70 million, up 18.76% from the year-ago period.
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 a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Innovative Industrial Properties currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Innovative Industrial Properties has a Forward P/E ratio of 11.36 right now. Its industry sports an average Forward P/E of 11.53, so we one might conclude that Innovative Industrial Properties is trading at a discount comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.