Innovative Industrial Properties Inc (IIPR) – Don’t Believe the Hype: Check The Facts

Innovative Industrial Properties Inc (NYSE: IIPR) is -13.13% lower on its value in year-to-date trading and has touched a low of $45.44 and a high of $138.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IIPR stock was last observed hovering at around $56.87 in the last trading session, with the day’s gains setting it 1.02%.

Currently trading at $57.89, the stock is 3.25% and 6.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.79% at the moment leaves the stock -32.19% off its SMA200. IIPR registered -45.70% loss for a year compared to 6-month loss of -44.72%.

The stock witnessed a 1.54% gain in the last 1 month and extending the period to 3 months gives it a -9.36%, and is 1.15% 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 1.43% over the week and 1.49% over the month.

Innovative Industrial Properties Inc (IIPR) has around 22 employees, a market worth around $1.62B and $304.79M in sales. Current P/E ratio is 11.13 and Fwd P/E is 13.48. Profit margin for the company is 48.76%. Distance from 52-week low is 27.40% and -58.16% from its 52-week high. The company has generated returns on investments over the last 12 months (6.72%).

The EPS is expected to shrink by -28.32% this year

The shares outstanding are 28.38M, and float is at 27.56M with Short Float at 6.20%.

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 17.7205 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 15.4976 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.64 million shares representing 5.8075 and valued at over $182.25 million, while ZIMMER PARTNERS, LP holds 1.9423 of the shares totaling 0.55 million with a market value of $59.93 million.

Innovative Industrial Properties Inc (IIPR) Insider Activity

The most recent transaction is an insider sale by Stecher David, the company’s Director. SEC filings show that Stecher David sold 7,599 shares of the company’s common stock on Mar 03 ’25 at a price of $70.55 per share for a total of $0.54 million. Following the sale, the insider now owns 1346.0 shares.

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