IIPR Company Profile and Key Details

IIPR has shown weak momentum, losing -4.46% over the past week and -11.61% over the past quarter, though year-to-date performance is down -28.93%. Short-term trend indicators are mixed aligned (SMA20 -9.53%, SMA50 -7.26%, SMA200 -12.49%). The stock’s 14-day RSI is 37.18 (weak momentum), while the ATR of 2.05 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -37.45% below its high and over 6.24% above its low. Average 10-day trading volume of 515.49 thousand shares is significantly above the 3-month average of 341.73 thousand, indicating heightened recent market interest.

Innovative Industrial Properties, Inc. generated EPS of $4.23 over the past year. Five-year average earnings growth is 22.13%. The latest quarter delivered EPS of $0.97. The next quarter is forecast at $1.05. Next year's EPS is expected at -$3.47. Analyst sentiment is bearish. Analyst rating data shows there are 0 Strong Buy ratings, 1 Buy ratings, 1 Hold ratings, 1 Sell rating and 3 Strong Sell ratings. Price targets range from $130.00 to $44.00. The high target offers 174.49% upside. The low target suggests -7.09% downside. The mean target is $66.50. This offers 40.41% upside. Innovative Industrial Properties, Inc. earnings surprise history is a mixed track record. The quarter that ended November 03, 2025, missed forecasts by -43.27%. The prior quarter beat by 6.21%. Over the last six quarters, Apple has recorded several small beats. These include 3.08% in August 05, 2024.

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 72.45% of the float. Insiders own 1.58%. 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. 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 $110.64. This means the shares are trading below this model’s fair value.

Innovative Industrial Properties, Inc. (NYSE:IIPR) closed at $47.36 USD, losing -$2.46 (-4.94%) from the previous close of $49.82. The stock is currently mid-range between its 52-week high and low $44.58 and $75.71. With a market capitalization of about $1.33 billion, Innovative Industrial Properties, Inc. is classified as a small-cap and shows higher-than-market volatility (beta ~1.52). Key stats such as the average daily volume over the past year has been around 363.44 thousand shares, trading with heavier-than-usual volume. Headquartered in Park City, UT, 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 21 people and listed since December 01, 2016. 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 medical-use cannabis facilities.

Innovative Industrial Properties, Inc. trades at a P/E ratio of 10.51, slightly below the S&P 500 average, with a price-to-sales ratio of 4.83 and a price-to-book ratio of 0.71 suggesting the stock is closer to book value. The P/FCF stands at 6.47, also above market averages.

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 6.14%, with price expected at $50.27 by January 14, 2026, within a range of $47.08 to $53.33 3-Month Outlook: Projected rise of 105.57%, reaching $97.36 by March 30, 2026, with a range of $87.50 to $104.18. 1-Year Outlook: Projected loss of -24.49%, with price at $35.76 by December 31, 2026, within a range of $28.41 to $44.68.

Innovative Industrial Properties, Inc. (NYSE:IIPR) shares are down -28.93% 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 10.51. Analyst sentiment is cautious, with the majority of ratings in Underweight territory and a mean price target of $111.05, suggesting 134.48% upside. Our AI forecast model points to short-term strength (6.14% over two weeks), a medium-term rise (105.57% over three months), and a longer-term loss (-24.49% over one year), with expected trading ranges indicating moderate volatility.