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Innovative Industrial Properties - IIPR Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $104.50
  • Forecasted Upside: 41.87%
  • Number of Analysts: 7
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 2 Buy Ratings
  • 1 Strong Buy Ratings
$73.66 As of 12/20/2024 06:45 PM ET
▼ -21.68 (-22.74%)

This chart shows the closing price for IIPR by one month, three months, or twelve months.

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Analyst Price Target for IIPR

Analyst Price Target is $104.50
▲ +41.87% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Innovative Industrial Properties in the last 3 months. The average price target is $104.50, with a high forecast of $140.00 and a low forecast of $70.00. The average price target represents a 41.87% upside from the last price of $73.66.

This chart shows the closing price for IIPR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 7 investment analysts is to hold stock in Innovative Industrial Properties. This rating changed within the last month from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/20/2024Piper SandlerDowngradeNeutral ➝ Underweight$118.00 ➝ $70.00
12/20/2024Compass PointDowngradeBuy ➝ Neutral$125.00 ➝ $78.00
12/17/2024Alliance Global PartnersInitiated CoverageBuy$130.00
12/16/2024JMP SecuritiesReiterated RatingMarket Perform ➝ Market Perform
11/11/2024Roth CapitalUpgradeStrong-Buy
11/8/2024Piper SandlerLower TargetNeutral ➝ Neutral$120.00 ➝ $118.00
11/8/2024Compass PointUpgradeNeutral ➝ Buy$125.00
9/23/2024Wolfe ResearchUpgradeHold
8/9/2024Piper SandlerBoost TargetNeutral ➝ Neutral$110.00 ➝ $120.00
7/22/2024Roth MkmBoost TargetBuy ➝ Buy$115.00 ➝ $140.00
2/29/2024Piper SandlerBoost TargetNeutral ➝ Neutral$85.00 ➝ $103.00
11/6/2023Piper SandlerBoost TargetNeutral ➝ Neutral$80.00 ➝ $85.00
9/5/2023Compass PointDowngradeBuy ➝ Neutral$95.00
6/29/2023Piper SandlerDowngradeOverweight ➝ Neutral$80.00
5/31/2023Piper SandlerLower Target$97.00 ➝ $80.00
5/17/2023Compass PointLower Target$100.00
5/10/2023Craig HallumDowngradeBuy ➝ Hold$125.00 ➝ $80.00
4/5/2023Piper SandlerLower TargetOverweight$120.00 ➝ $97.00
3/1/2023Craig HallumLower Target$140.00 ➝ $125.00
3/1/2023Piper SandlerLower TargetOverweight$140.00 ➝ $120.00
1/24/2023BTIG ResearchLower TargetBuy$196.00 ➝ $179.00
1/20/2023JMP SecuritiesDowngradeOutperform ➝ Market Perform
11/16/2022Craig HallumBoost Target$140.00
11/9/2022Roth CapitalLower Target$190.00 ➝ $170.00
10/7/2022Piper SandlerLower TargetOverweight$135.00 ➝ $117.00
9/19/2022Compass PointUpgradeNeutral ➝ Buy$100.00 ➝ $175.00
8/8/2022Piper SandlerLower TargetOverweight$160.00 ➝ $135.00
8/8/2022Compass PointDowngradeBuy ➝ Neutral$100.00
7/19/2022JMP SecuritiesLower TargetMarket Outperform$190.00 ➝ $150.00
7/19/2022Wolfe ResearchDowngradeOutperform ➝ Market Perform
7/18/2022Craig HallumLower Target$175.00 ➝ $125.00
7/15/2022BTIG ResearchLower TargetBuy$290.00 ➝ $248.00
7/4/2022Piper SandlerLower Target$160.00
6/2/2022JMP SecuritiesLower TargetBuy$300.00 ➝ $190.00
5/9/2022Craig HallumUpgradeHold ➝ Buy$175.00
4/1/2022BTIG ResearchReiterated RatingBuy$290.00
3/25/2022BTIG ResearchReiterated RatingBuy$290.00
1/14/2022Piper SandlerLower Target$290.00 ➝ $285.00
11/4/2021JMP SecuritiesBoost TargetOutperform$260.00 ➝ $300.00
9/1/2021BTIG ResearchBoost TargetPositive ➝ Buy$245.00 ➝ $290.00
8/9/2021Craig HallumBoost TargetHold$175.00 ➝ $240.00
8/6/2021Roth CapitalBoost TargetBuy$215.00 ➝ $245.00
7/2/2021Wolfe ResearchInitiated CoverageOutperform$249.00
1/29/2021JMP SecuritiesBoost TargetOutperform$185.00 ➝ $225.00
1/7/2021BTIG ResearchBoost TargetBuy$177.00 ➝ $218.00
12/23/2020LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral
12/23/2020Piper SandlerBoost TargetOverweight$160.00 ➝ $250.00
12/18/2020Compass PointBoost TargetBuy$180.00 ➝ $220.00
11/9/2020Craig HallumBoost TargetHold$125.00 ➝ $170.00
11/6/2020JMP SecuritiesBoost TargetOutperform$140.00 ➝ $185.00
11/5/2020Piper SandlerBoost TargetOverweight$150.00 ➝ $160.00
11/5/2020Roth CapitalBoost TargetBuy$150.00 ➝ $160.00
9/18/2020Roth CapitalBoost TargetBuy$125.00 ➝ $150.00
9/17/2020BTIG ResearchBoost Target$151.00 ➝ $171.00
9/8/2020Piper SandlerInitiated CoverageOverweight$150.00
8/17/2020JMP SecuritiesBoost Target$120.00 ➝ $140.00
7/28/2020JMP SecuritiesInitiated CoverageOutperform$120.00
7/6/2020Roth CapitalBoost Target$110.00 ➝ $120.00
6/23/2020LADENBURG THALM/SH SHBoost TargetBuy$83.50 ➝ $104.00
5/21/2020Compass PointBoost TargetBuy$75.00 ➝ $100.00
5/6/2020LADENBURG THALM/SH SHBoost TargetBuy$69.50 ➝ $83.50
3/23/2020LADENBURG THALM/SH SHUpgradeNeutral ➝ Buy$69.50
3/16/2020Roth CapitalInitiated CoverageBuy$110.00
3/10/2020Craig HallumInitiated CoverageHold$95.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.16 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 15 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 15 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 16 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 9 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 13 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 10 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 17 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
11/21/2024
  • 20 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 20 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Innovative Industrial Properties logo
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
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Today's Range

Now: $73.66
Low: $70.88
High: $77.95

50 Day Range

MA: $114.40
Low: $73.66
High: $135.64

52 Week Range

Now: $73.66
Low: $70.88
High: $138.35

Volume

3,142,665 shs

Average Volume

215,873 shs

Market Capitalization

$2.09 billion

P/E Ratio

13.11

Dividend Yield

7.75%

Beta

1.3

Frequently Asked Questions

What sell-side analysts currently cover shares of Innovative Industrial Properties?

The following Wall Street research analysts have issued research reports on Innovative Industrial Properties in the last twelve months: Alliance Global Partners, Compass Point, JMP Securities, Piper Sandler, Roth Capital, Roth Mkm, TheStreet, and Wolfe Research.
View the latest analyst ratings for IIPR.

What is the current price target for Innovative Industrial Properties?

0 Wall Street analysts have set twelve-month price targets for Innovative Industrial Properties in the last year. Their average twelve-month price target is $104.50, suggesting a possible upside of 41.9%. Roth Mkm has the highest price target set, predicting IIPR will reach $140.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $70.00 for Innovative Industrial Properties in the next year.
View the latest price targets for IIPR.

What is the current consensus analyst rating for Innovative Industrial Properties?

Innovative Industrial Properties currently has 1 sell rating, 3 hold ratings, 2 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in IIPR, but not buy more shares or sell existing shares.
View the latest ratings for IIPR.

What other companies compete with Innovative Industrial Properties?

Other companies that are similar to Innovative Industrial Properties include GrowGeneration, 22nd Century Group, FirstService, Colliers International Group and Terreno Realty. Learn More about companies similar to Innovative Industrial Properties.

How do I contact Innovative Industrial Properties' investor relations team?

Innovative Industrial Properties' physical mailing address is 1389 CENTER DRIVE SUITE 200, PARK CITY UT, 84098. The company's listed phone number is (858) 997-3332 and its investor relations email address is [email protected]. The official website for Innovative Industrial Properties is www.innovativeindustrialproperties.com. Learn More about contacing Innovative Industrial Properties investor relations.