Innovative Industrial Properties (IIPR) Stock Forecast & Price Target

$105.26 -0.94 (-0.89%)

(As of 11/20/2024 ET)

Innovative Industrial Properties - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for Innovative Industrial Properties in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for IIPR.

Consensus Price Target

$127.67
21.28% Upside

According to the 5 analysts' twelve-month price targets for Innovative Industrial Properties, the average price target is $127.67. The highest price target for IIPR is $140.00, while the lowest price target for IIPR is $118.00. The average price target represents a forecasted upside of 21.28% from the current price of $105.27.

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IIPR Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$127.67	$130.00	$118.33	$109.75
Forecasted Upside	21.28% Upside	-1.13% Downside	-4.88% Downside	37.12% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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IIPR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IIPR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Innovative Industrial Properties Stock vs. The Competition

Type	Innovative Industrial Properties	Finance Companies	S&P 500
Consensus Rating Score	2.80	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	21.28% Upside	12.91% Upside	9.83% Upside
News Sentiment Rating	Neutral News See Recent IIPR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Roth Capital 3 of 5 stars	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
11/8/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$120.00 ➝ $118.00	+7.20%
11/8/2024	Compass Point 5 of 5 stars	M. Ross Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$125.00	+13.56%
9/23/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Rosivach Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/22/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $140.00	+17.92%
5/10/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$125.00 ➝ $80.00	+12.00%
1/24/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$196.00 ➝ $179.00	+102.53%
1/20/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:51 AM ET.

IIPR Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Innovative Industrial Properties is $127.67, with a high forecast of $140.00 and a low forecast of $118.00.
: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IIPR shares.
: According to analysts, Innovative Industrial Properties's stock has a predicted upside of 21.28% based on their 12-month stock forecasts.
: Over the previous 90 days, Innovative Industrial Properties's stock had 3 upgrades by analysts.
: Innovative Industrial Properties has been rated by research analysts at Compass Point, Piper Sandler, Roth Capital, and Wolfe Research in the past 90 days.
: Analysts like Innovative Industrial Properties more than other "finance" companies. The consensus rating for Innovative Industrial Properties is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how IIPR compares to other companies.

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This page (NYSE:IIPR) was last updated on 11/21/2024 by MarketBeat.com Staff

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Innovative Industrial Properties (IIPR) Stock Forecast & Price Target