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Innovative Industrial Properties, Inc. (IIPR) Dips More Than Broader Markets: What You Should Know

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In the latest trading session, Innovative Industrial Properties, Inc. (IIPR) closed at $88.35, marking a -1.69% move from the previous day. This move lagged the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.55%, and the tech-heavy Nasdaq gained 0.07%.

Heading into today, shares of the company had gained 37.5% over the past month, outpacing the Finance sector's gain of 0.76% and the S&P 500's gain of 2.14% in that time.

Wall Street will be looking for positivity from IIPR as it approaches its next earnings report date.

It is also important to note the recent changes to analyst estimates for IIPR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IIPR currently has a Zacks Rank of #2 (Buy).

Looking at its valuation, IIPR is holding a Forward P/E ratio of 33.41. This valuation marks a premium compared to its industry's average Forward P/E of 15.11.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 40% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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