Innovative Industrial Properties Inc [IIPR] stock prices are up 10.11% to $73.05 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IIPR shares have gain 8.56% over the last week, with a monthly amount glided 7.25%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Innovative Industrial Properties Inc [NYSE: IIPR] stock has seen the most recent analyst activity on December 23, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Piper Sandler downgraded its rating to Underweight on December 20, 2024, and dropped its price target to $70. On December 20, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $78 on the stock. Alliance Global Partners started tracking the stock assigning a Buy rating and suggested a price target of $130 on December 17, 2024. Compass Point upgraded its rating to a Buy but $125 remained the price target by the analyst firm on November 08, 2024. Compass Point downgraded its rating to Neutral for this stock on September 05, 2023, but kept the price target unchanged to $95. In a note dated June 30, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $80.
The stock price of Innovative Industrial Properties Inc [IIPR] has been fluctuating between $62.45 and $138.35 over the past year. Currently, Wall Street analysts expect the stock to reach $118 within the next 12 months. Innovative Industrial Properties Inc [NYSE: IIPR] shares were valued at $73.05 at the most recent close of the market. An investor can expect a potential return of 61.53% based on the average IIPR price forecast.
Analyzing the IIPR fundamentals
The Innovative Industrial Properties Inc [NYSE:IIPR] reported sales of 310.93M for trailing twelve months, representing a drop of -1.67%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.56%, Pretax Profit Margin comes in at 0.52%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.69 points at the first support level, and at 64.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.91, and for the 2nd resistance point, it is at 78.76.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.66, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 13.00.
