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 826.04 thousand shares is significantly above the 3-month average of 364.34 thousand, indicating heightened 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 2 Strong Sell ratings. Price targets range from $45.00 to $44.00. The high target offers -25.61% upside. The low target suggests -27.26% downside. The mean target is $44.67. This offers -26.15% 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 72.76% of the float. Insiders own 1.81%. 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. (NYSE:IIPR) closed at $60.49 USD, losing -$1.28 (-2.07%) from the previous close of $61.77. The stock is currently within 5% of its 52-week high $44.58 and $62.30. With a market capitalization of about $1.74 billion, Innovative Industrial Properties, Inc. is classified as a small-cap and shows higher-than-market volatility (beta ~1.45). Key stats such as the average daily volume over the past year has been around 360.93 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 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 $47.07. This means the shares are trading above this model’s fair value.

Innovative Industrial Properties, Inc. trades at a P/E ratio of 14.11, slightly below the S&P 500 average, with a price-to-sales ratio of 6.61 and a price-to-book ratio of 0.89 suggesting the stock is closer to book value. The P/FCF stands at 8.83, 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 3.75%, with price expected at $62.76 by June 26, 2026, within a range of $60.87 to $64.45 3-Month Outlook: Projected fall of -51.31%, reaching $29.45 by September 10, 2026, with a range of $27.08 to $31.34. 1-Year Outlook: Projected loss of -39.05%, with price at $36.87 by June 11, 2027, within a range of $30.43 to $45.85.

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 14.11. Analyst sentiment is mixed, with the majority of ratings in Neutral territory and a mean price target of $106.79, suggesting 76.54% upside. Our AI forecast model points to short-term strength (3.75% over two weeks), a medium-term fall (-51.31% over three months), and a longer-term loss (-39.05% over one year), with expected trading ranges indicating moderate volatility.