IIPR Company Profile and Key Details

Innovative Industrial Properties, Inc. (NYSE:IIPR) closed at $58.81 USD, losing -$1.97 (-3.24%) from the previous close of $60.78. The stock is currently mid-range between its 52-week high and low $44.58 and $65.38. With a market capitalization of about $1.71 billion, Innovative Industrial Properties, Inc. is classified as a small-cap and shows higher-than-market volatility (beta ~1.43). Key stats such as the average daily volume over the past year has been around 374.01 thousand shares, in line with its 52-week average. 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 23 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.

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 340.28 thousand shares is in line with the 3-month average of 377.38 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 $1.02. 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 -13.28% upside. The low target suggests -25.18% downside. The mean target is $46.25. This offers -21.36% upside. Innovative Industrial Properties, Inc. earnings surprise history is a mixed track record. The quarter that ended May 04, 2026, missed forecasts by -4.67%. The prior quarter beat by 79.05%. Over the last six quarters, Apple has recorded several small beats. These include 0.0% in February 19, 2025.

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.

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 $46.57. This means the shares are trading above this model’s fair value.

Innovative Industrial Properties, Inc. trades at a P/E ratio of 14.83, slightly below the S&P 500 average, with a price-to-sales ratio of 6.52 and a price-to-book ratio of 0.87 suggesting the stock is closer to book value. The P/FCF stands at 8.71, 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 decline of -1.9%, with price expected at $57.69 by August 13, 2026, within a range of $56.55 to $58.82 3-Month Outlook: Projected fall of -27.04%, reaching $42.91 by October 28, 2026, with a range of $38.66 to $46.03. 1-Year Outlook: Projected loss of -28.69%, with price at $41.94 by July 30, 2027, within a range of $34.35 to $50.27.

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 14.83. Analyst sentiment is cautious, with the majority of ratings in Underweight territory and a mean price target of $105.05, suggesting 78.63% upside. Our AI forecast model points to short-term weakness (-1.9% over two weeks), a medium-term fall (-27.04% over three months), and a longer-term loss (-28.69% over one year), with expected trading ranges indicating moderate volatility.