Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - Innovative Industrial Properties (IIPR) closed at $46.91, reflecting a -2.25% change from the previous day, underperforming the S&P 500's -0.01% loss [1] - Over the past month, IIPR shares have decreased by 3.81%, while the Finance sector gained 0.43% and the S&P 500 lost 0.28% [1] Upcoming Earnings - The company is expected to report an EPS of $1.81, which represents an 18.47% decline from the same quarter last year [2] - Revenue is forecasted to be $66.45 million, indicating a 13.41% decrease compared to the same quarter of the previous year [2] Full Year Estimates - For the full year, analysts project earnings of $7.14 per share and revenue of $265.75 million, reflecting changes of -20.49% and -13.86% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for IIPR are important as they reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which assesses these estimate changes, provides actionable ratings for investors [5] Zacks Rank and Valuation - IIPR currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The company is trading at a Forward P/E ratio of 6.54, which is a discount compared to the industry average Forward P/E of 12.21 [7] Industry Context - The REIT and Equity Trust - Other industry, part of the Finance sector, has a Zacks Industry Rank of 174, placing it in the bottom 29% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]