Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
105.30
-0.90 (-0.85%)
Nov 20, 2024, 4:00 PM EST - Market closed
IIPR Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for IIPR stock have an average target of 120.75, with a low estimate of 100 and a high estimate of 140. The average target predicts an increase of 14.67% from the current stock price of 105.30.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for IIPR stock from 4 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 2 |
| 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 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $120 → $118 | Hold | Maintains | $120 → $118 | +12.06% | Nov 8, 2024 |
| Compass Point | Compass Point | Hold → Strong Buy Upgrades $125 | Hold → Strong Buy | Upgrades | $125 | +18.71% | Nov 8, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $110 → $120 | Hold | Maintains | $110 → $120 | +13.96% | Aug 9, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $115 → $140 | Strong Buy | Maintains | $115 → $140 | +32.95% | Jul 22, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $80 → $100 | Hold | Maintains | $80 → $100 | -5.03% | Mar 7, 2024 |
Financial Forecast
Revenue This Year
317.88M
Revenue Next Year
334.74M
from 317.88M
Increased by 5.30%
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 | 358.3M |
| Avg | 317.9M | 334.7M |
| Low | 302.3M | 304.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | - | 12.7% |
| Avg | - | 5.3% |
| Low | - | -4.2% |
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.