Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · IEX Real-Time Price · USD
113.70
+0.65 (0.57%)
At close: May 16, 2024, 4:00 PM
113.05
-0.65 (-0.57%)
After-hours: May 16, 2024, 7:57 PM EDT
IIPR Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for IIPR stock have an average target of 99.33, with a low estimate of 95 and a high estimate of 103. The average target predicts a decrease of -12.64% from the current stock price of 113.70.
Analyst Consensus: Hold
* Price targets were last updated on Mar 7, 2024.
Analyst Ratings
The average analyst rating for IIPR stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Hold Maintains $80 → $100 | Hold | Maintains | $80 → $100 | -12.05% | Mar 7, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $85 → $103 | Hold | Maintains | $85 → $103 | -9.41% | Feb 29, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | -25.24% | Nov 6, 2023 |
| Compass Point | Compass Point | Strong Buy → Hold Downgrades $95 | Strong Buy → Hold | Downgrades | $95 | -16.45% | Sep 5, 2023 |
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $80 | Buy → Hold | Downgrades | $80 | -29.64% | Jun 30, 2023 |
Financial Forecast
Revenue This Year
327.91M
from 309.51M
Increased by 5.95%
Revenue Next Year
338.82M
from 327.91M
Increased by 3.33%
EPS This Year
6.05
from 5.77
Increased by 4.78%
EPS Next Year
5.93
from 6.05
Decreased by -1.98%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 344.2M | 353.0M |
| Avg | 327.9M | 338.8M |
| Low | 308.7M | 319.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 11.2% | 7.7% |
| Avg | 5.9% | 3.3% |
| Low | -0.3% | -2.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.48 | 6.10 |
| Avg | 6.05 | 5.93 |
| Low | 5.56 | 5.69 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 12.3% | 0.9% |
| Avg | 4.8% | -2.0% |
| Low | -3.7% | -5.8% |
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.