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
* 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 '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 4 | 3 |
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 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 329.6M | 360.6M |
| Avg | 317.8M | 337.0M |
| Low | 303.5M | 312.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | - | 13.5% |
| Avg | - | 6.1% |
| Low | - | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.13 | 7.00 |
| Avg | 5.88 | 6.50 |
| Low | 5.62 | 5.95 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| 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.