Innovative Industrial Properties Inc (NYSE: IIPR) is 8.28% higher on its value in year-to-date trading and has touched a low of $78.10 and a high of $138.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IIPR stock was last observed hovering at around $109.15 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $109.17, the stock is -2.45% and -12.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.02% at the moment leaves the stock -3.16% off its SMA200. IIPR registered 36.51% gain for a year compared to 6-month gain of 2.06%. The firm has a 50-day simple moving average (SMA 50) of $125.0316 and a 200-day simple moving average (SMA200) of $112.63215.
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The stock witnessed a -18.38% loss in the last 1 month and extending the period to 3 months gives it a -11.76%, and is 3.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 3.90% over the month.
Innovative Industrial Properties Inc (IIPR) has around 21 employees, a market worth around $3.09B and $310.93M in sales. Current P/E ratio is 19.42 and Fwd P/E is 18.94. Profit margin for the company is 51.34%. Distance from 52-week low is 39.78% and -21.09% from its 52-week high. The company has generated returns on investments over the last 12 months (7.11%).
The EPS is expected to shrink by -3.47% this year
542.0 institutions hold shares in Innovative Industrial Properties Inc (IIPR), with institutional investors hold 75.47% of the company’s shares. The shares outstanding are 28.14M, and float is at 27.90M with Short Float at 5.43%. Institutions hold 74.36% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.01 million shares valued at $546.77 million. The investor’s holdings represent 17.7871 of the IIPR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.38 million shares valued at $478.19 million to account for 15.5558 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.64 million shares representing 5.8293 and valued at over $182.25 million, while ZIMMER PARTNERS, LP holds 1.9496 of the shares totaling 0.55 million with a market value of $59.93 million.
