High
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Open
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VWAP
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Vol
--
Mkt Cap
--
Low
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Amount
--
EV/EBITDA(TTM)
--
Total Shares
--
EV
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EV/OCF(TTM)
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P/S(TTM)
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q2
FY2025Q3
FY2025Q4
64.36M
-19.34%
--
--
63.97M
-16.4%
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--
64.55M
-15.89%
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Estimates Revision
The market is revising No Change the revenue expectations for Innovative Industrial Properties, Inc. (IIPR) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 4.61%.
Revenue Estimates for FY2025
No Change
0.00%
In Past 3 Month
Stock Price
Go Up
+4.61%
In Past 3 Month
3 Analyst Rating
0Wall Street analysts forecast IIPR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IIPR is 50.50 USD with a low forecast of 45.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
2 Hold
1 Sell
Moderate Sell
0Current: 53.990
Low
45.00
Averages
50.50
High
56.00
0Current: 53.990
Low
45.00
Averages
50.50
High
56.00
Wolfe Research
Andrew Rosivach
Outperform
to
Peer Perform
downgrade
2025-07-02
Reason
Wolfe Research
Andrew Rosivach
Price Target
2025-07-02
downgrade
Outperform
to
Peer Perform
Reason
Wolfe Research analyst Andrew Rosivach downgraded Innovative Industrial Properties to Peer Perform from Outperform and removed the firm's price target on the shares. Wolfe says that recent share price outperformance places the stock near the midpoint of its sensitivity analysis, which the firm's prior price target was based upon, implying fair value given ongoing cannabis industry pressures. Overall, Wolfe finds the stock near its fair value given associated risks.
Piper Sandler
Alexander Goldfarb
Sell
Maintains
$55 → $45
2025-04-15
Reason
Piper Sandler
Alexander Goldfarb
Price Target
$55 → $45
2025-04-15
Maintains
Sell
Reason
Piper Sandler analyst Alexander Goldfarb lowered the firm's price target on Innovative Industrial Properties to $45 from $55 and keeps an Underweight rating on the shares. Ahead of Q1 2025 earnings, the firm is adjusting estimates for recent company announcements and assumption revisions. Piper says its Innovative Industrial Properties update reflects its best estimation for replacing the rents impacted by recent tenant credit issues.
Piper Sandler
Alexander Goldfarb
Sell
Maintains
$60 → $55
2025-03-31
Reason
Piper Sandler
Alexander Goldfarb
Price Target
$60 → $55
2025-03-31
Maintains
Sell
Reason
Piper Sandler analyst Alexander Goldfarb lowered the firm's price target on Innovative Industrial Properties to $55 from $60 and keeps an Underweight rating on the shares. The firm notes the company announced more tenant defaults post-close on Friday, which represents its effort to clear the deck of delinquencies as management's patience seems to now be gone. Overcapacity, illicit market, and cross state border sales remain issues, now exacerbated by the pending outsized industry debt maturities in 2026, which stems from 2021's ultra-low rates, Piper adds.
Compass Point
Merrill Ross
Hold
to
Strong Sell
Downgrades
$60 → $50
2025-03-31
Reason
Compass Point
Merrill Ross
Price Target
$60 → $50
2025-03-31
Downgrades
Hold
to
Strong Sell
Reason
Compass Point downgraded Innovative Industrial Properties to Sell from Neutral with a price target of $50, down from $61. The company reported in a regulatory filing that it declared certain tenants in default and declared a default on a mortgage loan to Medical Investor Holdings, the analyst tells investors in a research note. The firm says that unless the four tenants cure the defaults, Innovative's Q2 earnings will be impacted, but not by more than 2%. Compass thinks these tenants are not likely to cure their default, and that Innovative will resort to taking control of the properties with the intent of re-leasing them. It believes the process will be protracted and that regaining possession of the properties will be expensive.
Compass Point
Merrill Ross
Hold
Maintains
$78 → $60
2025-03-18
Reason
Compass Point
Merrill Ross
Price Target
$78 → $60
2025-03-18
Maintains
Hold
Reason
Citizens Capital Markets
Aaron Hecht
Hold
Reiterates
n/a
2025-03-17
Reason
Citizens Capital Markets
Aaron Hecht
Price Target
n/a
2025-03-17
Reiterates
Hold
Reason
See All Ratings
Valuation Metrics
The current forward P/E ratio for Innovative Industrial Properties Inc (IIPR.N) is 14.48, compared to its 5-year average forward P/E of 24.27. For a more detailed relative valuation and DCF analysis to assess Innovative Industrial Properties Inc 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
Fair
5Y Average PE
24.27
Current PE
14.48
Overvalued PE
34.90
Undervalued PE
13.64
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
N/A
5Y Average EV/EBITDA
15.88
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
22.22
Undervalued EV/EBITDA
9.53
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
N/A
5Y Average PS
12.75
Current PS
0.00
Overvalued PS
18.72
Undervalued PS
6.79
Financials
Annual
Quarterly
N/A
Total Revenue
N/A
Operating Profit
N/A
Net Income after Tax
N/A
EPS - Diluted
N/A
Free Cash Flow
N/A
Gross Profit Margin - %
N/A
Net Margin - %
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
Bought
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
IIPR News & Events
Events Timeline
(ET)
2025-05-07
16:33:33
Innovative Industrial Properties reports Q1 AFFO $1.94, consensus $1.99
2025-03-31 (ET)
2025-03-31
12:00:14
Innovative Industrial Properties falls -13.1%
2025-03-31
10:01:09
Innovative Industrial Properties falls -16.3%
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News
Preview
8.0
07-15NASDAQ.COMHow To YieldBoost IIPR From 13.7% To 30.3% Using Options
Preview
3.0
07-14NASDAQ.COMPeek Under The Hood: DFAR Has 12% Upside
Preview
4.0
07-02BenzingaThis Centene Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
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FAQ
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