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Innovative Industrial Properties (IIPR) Stock Forecast & Price Target

Innovative Industrial Properties logo
$73.66 -21.68 (-22.74%)
(As of 12/20/2024 05:45 PM ET)

Innovative Industrial Properties - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
1
Hold
3
Buy
3

Based on 7 Wall Street analysts who have issued ratings for Innovative Industrial Properties in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 3 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for IIPR.

Consensus Price Target

$104.50
41.87% Upside
According to the 7 analysts' twelve-month price targets for Innovative Industrial Properties, the average price target is $104.50. The highest price target for IIPR is $140.00, while the lowest price target for IIPR is $70.00. The average price target represents a forecasted upside of 41.87% from the current price of $73.66.
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IIPR Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$104.50$127.67$130.00$109.75
Forecasted Upside41.87% Upside20.70% Upside-3.64% Downside8.92% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold

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.
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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.
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Innovative Industrial Properties Stock vs. The Competition

TypeInnovative Industrial PropertiesFinance CompaniesS&P 500
Consensus Rating Score
2.43
2.50
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside41.87% Upside18.66% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent IIPR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/20/2024Piper Sandler
2 of 5 stars
 DowngradeNeutral ➝ Underweight$118.00 ➝ $70.00-6.10%
12/20/2024Compass Point
5 of 5 stars
M. Ross
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DowngradeBuy ➝ Neutral$125.00 ➝ $78.00-18.19%
12/17/2024Alliance Global Partners
1 of 5 stars
A. Grey
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Initiated CoverageBuy$130.00+27.24%
12/16/2024JMP Securities
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 Reiterated RatingMarket Perform ➝ Market Perform
11/11/2024Roth Capital
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W. Kirk
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UpgradeStrong-Buy
9/23/2024Wolfe Research
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A. Rosivach
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UpgradeHold
7/22/2024Roth Mkm
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 Boost TargetBuy ➝ Buy$115.00 ➝ $140.00+17.92%
5/10/2023Craig Hallum
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 DowngradeBuy ➝ Hold$125.00 ➝ $80.00+12.00%
1/24/2023BTIG Research
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 Lower TargetBuy$196.00 ➝ $179.00+102.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:12 PM ET.


IIPR Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Innovative Industrial Properties is $104.50, with a high forecast of $140.00 and a low forecast of $70.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innovative Industrial Properties in the last year. There is currently 1 sell rating, 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IIPR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IIPR, but not buy additional shares or sell existing shares.

According to analysts, Innovative Industrial Properties's stock has a predicted upside of 41.87% based on their 12-month stock forecasts.

Over the previous 90 days, Innovative Industrial Properties's stock had 3 upgrades and 2 downgrades by analysts.

Innovative Industrial Properties has been rated by research analysts at Alliance Global Partners, Compass Point, JMP Securities, Piper Sandler, Roth Capital, and Wolfe Research in the past 90 days.

Analysts like Innovative Industrial Properties less than other "finance" companies. The consensus rating score for Innovative Industrial Properties is 2.43 while the average consensus rating score for "finance" companies is 2.50. Learn more on how IIPR compares to other companies.


This page (NYSE:IIPR) was last updated on 12/21/2024 by MarketBeat.com Staff
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