Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know

Group 1 - Innovative Industrial Properties (IIPR) ended the recent trading session at $53.43, showing a +1.93% change from the previous day's closing price, outperforming the S&P 500's daily loss of 5.98% [1] - Over the past month, shares of IIPR have decreased by 27.95%, which is significantly worse than the Finance sector's loss of 5.99% and the S&P 500's loss of 7.66% [1] Group 2 - IIPR is projected to report earnings of$ 2.06 per share in the upcoming earnings report, reflecting a year-over-year decline of 6.79%, with anticipated revenue of $73.03 million, indicating a 3.21% decrease from the same quarter last year [2] - For the full year, the Zacks Consensus Estimates project earnings of$ 7.81 per share and revenue of $277.68 million, representing declines of -13.03% and -9.99% respectively from the previous year [3] Group 3 - Recent changes to analyst estimates for IIPR indicate a correlation with near-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks IIPR at 4 (Sell), with a downward shift of 7.82% in the consensus EPS estimate over the past month [6] Group 4 - IIPR is trading at a Forward P/E ratio of 6.71, which is lower than the industry's average Forward P/E of 10.39, indicating a valuation discount [7] - The REIT and Equity Trust - Other industry, to which IIPR belongs, has a Zacks Industry Rank of 156, placing it in the bottom 38% of over 250 industries [7]