Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

Innovative Industrial Real Estate (IIPR) closed at $209.88 in the last trading session, posting a move of -0.4% from the day before. This change delayed the daily gains for the S&P 500 by 0.08%. Elsewhere, the Dow Jones lost 0.56%, while the big tech Nasdaq lost 0.42%.

– Zacks

As the day approaches, the company’s shares have lost 11.7% over the past month, lagging the finance sector’s 5.73% gain and the S&P 500’s 0.22% gain in that time.

Innovative industrial real estate will be looking to show strength as it approaches its next earnings release. In that report, analysts expect Innovative Industrial Properties to report earnings of $1.84 per share. This represents an annual growth of 42.64%. Our latest consensus estimate calls for quarterly revenue of $58.25 million, an increase of 57.05% over the same period last year.

Any recent changes to analyst estimates of innovative industrial property by investors should also be noted. Recent reviews tend to reflect the latest near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Last, Zacks Consensus EPS was down 2.16%. Innovative industrial real estate currently has a Zacks Rating of 4 (Sell).

When looking at valuation, innovative industrial properties currently have a forward P/E ratio of 23.95. For comparison, its industry has an average forward P/E of 15.58, which means that innovative industrial properties are trading at a premium to the group.

REIT and Equity Trust – Other industries are part of the finance sector. This group has a Zacks Industry 104 rating, placing it in the top 41% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

You can find more information about all of these metrics and more at Zacks.com.

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