Innovative Industrial Properties, Inc. (IIPR)

IIPR Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for IIPR stock have an average target of 45, which predicts a -12.81% decrease from the current stock price of 51.61.

Price Target: $45 (-12.81%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$45	$45	$45	$45
Change	-12.81%	-12.81%	-12.81%	-12.81%

Analyst Ratings

The average analyst rating for IIPR stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	2	2	2	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	2	2
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	0
Total	8	8	8	8	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Merrill Ross Compass Point	Compass Point	Strong Sell → Hold Upgrades $45	Strong Sell → Hold	Upgrades	$45	-12.81%	Mar 3, 2026
Alexander Goldfarb Piper Sandler	Piper Sandler	Sell Maintains $44 → $45	Sell	Maintains	$44 → $45	-12.81%	Feb 25, 2026
Alexander Goldfarb Piper Sandler	Piper Sandler	Sell Maintains $43 → $44	Sell	Maintains	$43 → $44	-14.75%	Nov 5, 2025
Andrew Rosivach Wolfe Research	Wolfe Research	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Jul 2, 2025
Alexander Goldfarb Piper Sandler	Piper Sandler	Sell Maintains $55 → $45	Sell	Maintains	$55 → $45	-12.81%	Apr 15, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

273.11M

Increased by 2.69%

from 265.96M

Revenue Next Year

283.50M

Increased by 3.80%

from 273.11M

EPS This Year

4.44

Increased by 13.03%

from 3.93

EPS Next Year

n/a

from 4.44

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	204.55M	276.36M	309.51M	308.52M	265.96M	273.11M	283.50M
Revenue Growth	74.99%	35.11%	11.99%	-0.32%	-13.80%	2.69%	3.80%
EPS	4.55	5.52	5.77	5.52	3.93	4.44	-
EPS Growth	39.27%	21.24%	4.45%	-4.21%	-28.87%	13.03%	-
Forward PE	-	-	-	-	-	11.62	-
No. Analysts	-	-	-	-	-	4	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	287.3M	299.4M
Avg	273.1M	283.5M
Low	258.8M	264.0M

Revenue Growth

Revenue Growth	2026	2027
High	8.0%	9.6%
Avg	2.7%	3.8%
Low	-2.7%	-3.3%

EPS Forecast

EPS	2026
High	4.67
Avg	4.44
Low	4.17

EPS Growth

EPS Growth	2026
High	18.9%
Avg	13.0%
Low	6.2%

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.