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Innovative Industrial Properties Inc has a consensus price target of $91 based on the ratings of 10 analysts. The high is $130 issued by Roth MKM on February 21, 2025. The low is $45 issued by Piper Sandler on April 15, 2025. The 3 most-recent analyst ratings were released by Piper Sandler, Compass Point, and Piper Sandler on April 15, 2025, March 31, 2025, and March 31, 2025, respectively. With an average price target of $50 between Piper Sandler, Compass Point, and Piper Sandler, there's an implied -10.76% downside for Innovative Industrial Properties Inc from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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07/02/2025 | Buy Now | — | Wolfe Research | Andrew Rosivach44% | — | Downgrade | Outperform → Peer Perform | Get Alert |
04/15/2025 | Buy Now | -19.69% | Piper Sandler | Alexander Goldfarb54% | $55 → $45 | Maintains | Underweight | Get Alert |
03/31/2025 | Buy Now | -10.76% | Compass Point | Merrill Ross46% | $60 → $50 | Downgrade | Neutral → Sell | Get Alert |
03/31/2025 | Buy Now | -1.84% | Piper Sandler | Alexander Goldfarb54% | $60 → $55 | Maintains | Underweight | Get Alert |
03/18/2025 | Buy Now | 7.09% | Compass Point | Merrill Ross46% | $78 → $60 | Maintains | Neutral | Get Alert |
03/17/2025 | Buy Now | 7.09% | Piper Sandler | Alexander Goldfarb54% | $70 → $60 | Maintains | Underweight | Get Alert |
03/17/2025 | Buy Now | — | Citizens Capital Markets | Aaron Hecht43% | — | Reiterates | Market Perform → Market Perform | Get Alert |
02/21/2025 | Buy Now | 132.02% | Roth MKM | Scott Fortune34% | $140 → $130 | Maintains | Buy | Get Alert |
12/23/2024 | Buy Now | — | BTIG | Thomas Catherwood43% | — | Downgrade | Buy → Neutral | Get Alert |
12/20/2024 | Buy Now | 39.21% | Compass Point | Merrill Ross46% | $125 → $78 | Downgrade | Buy → Neutral | Get Alert |
12/17/2024 | Buy Now | 132.02% | Alliance Global Partners | Aaron Grey22% | → $130 | Initiates | → Buy | Get Alert |
12/16/2024 | Buy Now | — | JMP Securities | Patrick Walravens47% | — | Reiterates | Market Perform → Market Perform | Get Alert |
11/08/2024 | Buy Now | 110.6% | Piper Sandler | Alexander Goldfarb54% | $120 → $118 | Maintains | Neutral | Get Alert |
11/08/2024 | Buy Now | 123.09% | Compass Point | Merrill Ross46% | → $125 | Upgrade | Neutral → Buy | Get Alert |
08/09/2024 | Buy Now | 114.17% | Piper Sandler | Alexander Goldfarb54% | $110 → $120 | Maintains | Neutral | Get Alert |
07/22/2024 | Buy Now | 149.87% | Roth MKM | Scott Fortune34% | $115 → $140 | Maintains | Buy | Get Alert |
03/07/2024 | Buy Now | 78.48% | Craig-Hallum | Eric Des Lauriers41% | $80 → $100 | Maintains | Hold | Get Alert |
02/29/2024 | Buy Now | 83.83% | Piper Sandler | Alexander Goldfarb54% | $85 → $103 | Maintains | Neutral | Get Alert |
11/06/2023 | Buy Now | 51.7% | Piper Sandler | Alexander Goldfarb54% | $80 → $85 | Maintains | Neutral | Get Alert |
09/05/2023 | Buy Now | 69.55% | Compass Point | Merrill Ross46% | → $95 | Downgrade | Buy → Neutral | Get Alert |
06/30/2023 | Buy Now | 42.78% | Piper Sandler | Alexander Goldfarb54% | → $80 | Downgrade | Overweight → Neutral | Get Alert |
05/31/2023 | Buy Now | 42.78% | Piper Sandler | Alexander Goldfarb54% | $97 → $80 | Maintains | Overweight | Get Alert |
05/17/2023 | Buy Now | 78.48% | Compass Point | Merrill Ross46% | $125 → $100 | Maintains | Buy | Get Alert |
05/10/2023 | Buy Now | 42.78% | Craig-Hallum | Eric Des Lauriers41% | $125 → $80 | Downgrade | Buy → Hold | Get Alert |
04/05/2023 | Buy Now | 73.12% | Piper Sandler | Alexander Goldfarb54% | $120 → $97 | Maintains | Overweight | Get Alert |
03/01/2023 | Buy Now | 114.17% | Piper Sandler | Alexander Goldfarb54% | $140 → $120 | Maintains | Overweight | Get Alert |
01/24/2023 | Buy Now | 219.47% | BTIG | Thomas Catherwood43% | $196 → $179 | Maintains | Buy | Get Alert |
01/20/2023 | Buy Now | 123.09% | Compass Point | Merrill Ross46% | $145 → $125 | Maintains | Buy | Get Alert |
01/20/2023 | Buy Now | — | JMP Securities | Aaron Hecht43% | — | Downgrade | Market Outperform → Market Perform | Get Alert |
01/03/2023 | Buy Now | 158.79% | Compass Point | Merrill Ross46% | $175 → $145 | Maintains | Buy | Get Alert |
10/07/2022 | Buy Now | 108.82% | Piper Sandler | Alexander Goldfarb54% | $135 → $117 | Maintains | Overweight | Get Alert |
09/19/2022 | Buy Now | 212.33% | Compass Point | Merrill Ross46% | $100 → $175 | Upgrade | Neutral → Buy | Get Alert |
08/08/2022 | Buy Now | 140.94% | Piper Sandler | Alexander Goldfarb54% | $160 → $135 | Maintains | Overweight | Get Alert |
08/08/2022 | Buy Now | 78.48% | Compass Point | Merrill Ross46% | → $100 | Downgrade | Buy → Neutral | Get Alert |
07/19/2022 | Buy Now | 167.71% | JMP Securities | Aaron Hecht43% | $190 → $150 | Maintains | Market Outperform | Get Alert |
07/19/2022 | Buy Now | — | Wolfe Research | Andrew Rosivach44% | — | Downgrade | Outperform → Peer Perform | Get Alert |
The latest price target for Innovative Ind Props (NYSE:IIPR) was reported by Wolfe Research on July 2, 2025. The analyst firm set a price target for $0.00 expecting IIPR to fall to within 12 months (a possible -100.00% downside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Innovative Ind Props (NYSE:IIPR) was provided by Wolfe Research, and Innovative Ind Props downgraded their peer perform rating.
The last upgrade for Innovative Industrial Properties Inc happened on November 8, 2024 when Compass Point raised their price target to $125. Compass Point previously had a neutral for Innovative Industrial Properties Inc.
The last downgrade for Innovative Industrial Properties Inc happened on July 2, 2025 when Wolfe Research changed their price target from N/A to N/A for Innovative Industrial Properties Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Innovative Ind Props, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Innovative Ind Props was filed on July 2, 2025 so you should expect the next rating to be made available sometime around July 2, 2026.
While ratings are subjective and will change, the latest Innovative Ind Props (IIPR) rating was a downgraded with a price target of $0.00 to $0.00. The current price Innovative Ind Props (IIPR) is trading at is $56.03, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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