Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
133.75
+0.28 (0.21%)
Oct 29, 2024, 4:00 PM EDT - Market closed

IIPR Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for IIPR stock have an average target of 120, with a low estimate of 100 and a high estimate of 140. The average target predicts a decrease of -10.28% from the current stock price of 133.75.

Analyst Consensus: Buy
Target Low Average Median High
Price $100 $120 $120 $140
Change -25.23% -10.28% -10.28% +4.67%
* Price targets were last updated on Aug 9, 2024.

Analyst Ratings

The average analyst rating for IIPR stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 001111
Buy 000000
Hold 333332
Sell 000000
Strong Sell 000000
Total 334443

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Hold
Maintains
$110$120
Hold Maintains $110$120 -10.28% Aug 9, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$115$140
Strong Buy Maintains $115$140 +4.67% Jul 22, 2024
Craig-Hallum
Craig-Hallum
Hold
Maintains
$80$100
Hold Maintains $80$100 -25.23% Mar 7, 2024
Piper Sandler
Piper Sandler
Hold
Maintains
$85$103
Hold Maintains $85$103 -22.99% Feb 29, 2024
Piper Sandler
Piper Sandler
Hold
Maintains
$80$85
Hold Maintains $80$85 -36.45% Nov 6, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
317.79M
Revenue Next Year
337.02M
from 317.79M
Increased by 6.05%
EPS This Year
5.88
from 5.77
Increased by 1.98%
EPS Next Year
6.50
from 5.88
Increased by 10.46%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025
Revenue
-----317.79M337.02M
Revenue Growth
202.07%161.71%74.99%35.11%11.99%-6.05%
EPS
2.033.274.555.525.775.886.50
EPS Growth
170.67%61.08%39.27%21.24%4.45%1.98%10.46%
Forward PE
-----22.7420.59
No. Analysts -----66
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 329.6M 360.6M
Avg 317.8M 337.0M
Low 303.5M 312.9M

Revenue Growth

Revenue Growth 20242025
High -
13.5%
Avg -
6.1%
Low -
-1.5%

EPS Forecast

EPS 20242025
High 6.13 7.00
Avg 5.88 6.50
Low 5.62 5.95

EPS Growth

EPS Growth 20242025
High
6.3%
19.1%
Avg
2.0%
10.5%
Low
-2.6%
1.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.