Innovative Industrial Properties, Inc.IIPRNYSE

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Overview News Fundamentals Key Metrics TTM Financials Earnings Growth Rating Analysts Institutional Peers Historical

Analyst Sentiment

Analysts are neutral — opinion is divided on direction.

Consensus Rating

Hold

10 analysts·Moderate coverage

40%

Rating Distribution

Strong Buy

00%

Buy

440%

Hold

440%

Sell

220%

Strong Sell

00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Current price is 13% above analyst consensus — modest downside expected.

Bear Case

$44.00

-13%

Consensus

$44.00

-13%

Bull Case

$44.00

+-13%

Price Range10 analysts

Low

Consensus

High

$44.00

Current Target

Current Price

$50.54

Above Target

$6.54

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$4.29(3 analysts)

P/E11x

Current: 11.2x

Actual

Estimate

Range (Low–High)

Stock Alarm Pro

Forward Growth Estimates (YoY)

FY2027

Rev-1.11%

EPS—

Earnings Surprises

Beat rate:58%(7/12 quarters)

Avg surprise:+2.9%

Beat

Miss

Inline

Estimate

Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Nov 5, 2025Piper Sandler

Innovative Industrial Properties price target raised to $44 from $43 at Piper Sandler

Target:$44.00

-16.4%from $52.65

Apr 15, 2025Piper Sandler

Innovative Industrial Properties price target lowered to $45 from $55 at Piper Sandler

Target:$45.00

-10.9%from $50.48

Mar 18, 2025Industrial Alliance Securities

Innovative Industrial Properties price target lowered to $60 at Compass Point

Target:$60.00

-7.0%from $64.48

Mar 17, 2025Piper Sandler

Innovative Industrial Properties price target lowered to $60 from $70 at Piper Sandler

Target:$60.00

-6.6%from $64.21

Nov 15, 2024Piper Sandler

Piper Sandler Reiterates Neutral Rating on Innovative Industrial Properties (IIPR)

Target:$118.00

+14.3%from $103.25

Aug 9, 2024Piper Sandler

Innovative Industrial Properties (IIPR) PT Raised to $120 at Piper Sandler

Target:$120.00

+4.4%from $114.94

Jul 22, 2024Industrial Alliance Securities

Innovative Industrial Properties (IIPR) PT Raised to $140 at Roth/MKM

Target:$140.00

+18.4%from $118.28

May 31, 2024Piper Sandler

Piper Sandler Reiterates Neutral Rating on Innovative Industrial Properties (IIPR)

Target:$110.00

+2.8%from $106.97

Jul 19, 2022JMP Securities

JMP Securities Maintains Market Outperform on Innovative Ind Props, Lowers Price Target to $150

Target:$150.00

+66.2%from $90.25

Jun 2, 2022JMP Securities

JMP Securities Maintains Market Outperform on Innovative Ind Props, Lowers Price Target to $190

Target:$190.00

+41.4%from $134.36

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