IIPR Company Profile and Key Details

Short-term trend indicators are bullishly aligned (SMA20 13.47%, SMA50 9.7%, SMA200 3.38%). The stock’s 14-day RSI is 71.39 (overbought), while the ATR of 1.61 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -27.08% below its high and over 22.54% above its low. Average 10-day trading volume of 234.94 thousand shares is below the 3-month average of 332.80 thousand, indicating normal recent market interest.

Innovative Industrial Properties, Inc. generated EPS of $3.93 over the past year. Five-year average earnings growth is 3.76%. The latest quarter delivered EPS of $1.36. The next quarter is forecast at $1.11. Next year's EPS is expected at -$3.47. Analyst sentiment is bearish. Analyst rating data shows there are 0 Strong Buy ratings, 0 Buy ratings, 1 Hold ratings, 0 Sell rating and 3 Strong Sell ratings. Price targets range from $51.00 to $44.00. The high target offers -9.65% upside. The low target suggests -22.05% downside. The mean target is $46.25. This offers -18.07% upside. Innovative Industrial Properties, Inc. earnings surprise history is a mixed track record. The quarter that ended August 03, 2026, missed forecasts by 33.33%. The prior quarter beat by -4.67%. Over the last six quarters, Apple has recorded several small beats. These include -2.51% in May 07, 2025.

Innovative Industrial Properties, Inc. (NYSE:IIPR) closed at $56.45 USD, gaining $0.20 (0.36%) from the previous close of $56.25. The stock is currently mid-range between its 52-week high and low $44.58 and $65.38. With a market capitalization of about $1.64 billion, Innovative Industrial Properties, Inc. is classified as a small-cap and shows higher-than-market volatility (beta ~1.40). Key stats such as the average daily volume over the past year has been around 335.08 thousand shares, volume is running light vs its 52-week average. Headquartered in San Diego, CA, Innovative Industrial Properties, Inc. operates in the Real Estate sector and the REIT - Industrial industry. Led by CEO Paul E. Smithers, the company employs approximately 24 people and listed since December 01, 2016. Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets.

Innovative Industrial Properties, Inc. last paid a dividend of 7.6 per share, this equals a trailing yield of roughly 13.76%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $45.73. This means the shares are trading above this model’s fair value.

Innovative Industrial Properties, Inc. has 28.02 million shares outstanding. The public float is 27.57 million shares, elevated short interest at 9.48% of float. This equals 1.72 million shares. The short ratio is 6.36 days. Institutional investors hold 73.14% of the float. Insiders own 1.87%. HG Vora Capital Management, LLC holds 525.00 thousand shares, Kreitzer Gary A has 28.00 thousand shares and Smithers Paul E. has 27.79 thousand shares. Over the past six months, insider transactions show net buying. They sold 0.00 shares across 0 transactions.

Innovative Industrial Properties, Inc. trades at a P/E ratio of 12.58, slightly below the S&P 500 average, with a price-to-sales ratio of 6.24 and a price-to-book ratio of 0.87 suggesting the stock is closer to book value. The P/FCF stands at 8.37, also above market averages.

Innovative Industrial Properties, Inc. (NYSE:IIPR) shares are flat 5.26% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Innovative Industrial Properties, Inc. trading at a premium to the broader market with a P/E of 12.58. Analyst sentiment is cautious, with the majority of ratings in Underweight territory and a mean price target of $105.05, suggesting 86.13% upside. Our AI forecast model points to short-term strength (0.16% over two weeks), a medium-term fall (-35.91% over three months), and a longer-term loss (-21.21% over one year), with expected trading ranges indicating moderate volatility.

Our AI price prediction model suggests that Innovative Industrial Properties, Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 0.16%, with price expected at $56.53 by September 28, 2026, within a range of $55.65 to $57.34 3-Month Outlook: Projected fall of -35.91%, reaching $36.17 by December 11, 2026, with a range of $34.61 to $37.43. 1-Year Outlook: Projected loss of -21.21%, with price at $44.47 by September 14, 2027, within a range of $38.04 to $52.52.