Innovative Industrial Properties Inc has a consensus price target of $126.5, established from looking at the 27 latest analyst ratings. The last 3 analyst ratings were released from Craig-Hallum, Piper Sandler, and Piper Sandler on March 7, 2024, February 29, 2024, and November 6, 2023. With an average price target of $96 between Craig-Hallum, Piper Sandler, and Piper Sandler, there's an implied 2.90% upside for Innovative Industrial Properties Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
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03/07/2024 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 7.19% | Craig-Hallum | Eric Des Lauriers | $80 → $100 | Maintains | Hold | Get Alert |
02/29/2024 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 10.41% | Piper Sandler | Alexander Goldfarb | $85 → $103 | Maintains | Neutral | Get Alert |
11/06/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | -8.89% | Piper Sandler | Alexander Goldfarb | $80 → $85 | Maintains | Neutral | Get Alert |
09/05/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 1.83% | Compass Point | Merrill Ross | → $95 | Downgrade | Buy → Neutral | Get Alert |
06/30/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | -14.25% | Piper Sandler | Alexander Goldfarb | → $80 | Downgrade | Overweight → Neutral | Get Alert |
05/31/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | -14.25% | Piper Sandler | Alexander Goldfarb | $97 → $80 | Maintains | Overweight | Get Alert |
05/17/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 7.19% | Compass Point | Merrill Ross | $125 → $100 | Maintains | Buy | Get Alert |
05/10/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | -14.25% | Craig-Hallum | Eric Des Lauriers | $125 → $80 | Downgrade | Buy → Hold | Get Alert |
04/05/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 3.98% | Piper Sandler | Alexander Goldfarb | $120 → $97 | Maintains | Overweight | Get Alert |
03/01/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 28.63% | Piper Sandler | Alexander Goldfarb | $140 → $120 | Maintains | Overweight | Get Alert |
01/24/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 91.87% | BTIG | Thomas Catherwood | $196 → $179 | Maintains | Buy | Get Alert |
01/20/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 33.99% | Compass Point | Merrill Ross | $145 → $125 | Maintains | Buy | Get Alert |
01/20/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | — | JMP Securities | Aaron Hecht | — | Downgrade | Market Outperform → Market Perform | Get Alert |
01/03/2023 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 55.43% | Compass Point | Merrill Ross | $175 → $145 | Maintains | Buy | Get Alert |
10/07/2022 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 25.41% | Piper Sandler | Alexander Goldfarb | $135 → $117 | Maintains | Overweight | Get Alert |
09/19/2022 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 87.59% | Compass Point | Merrill Ross | $100 → $175 | Upgrade | Neutral → Buy | Get Alert |
08/08/2022 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 44.71% | Piper Sandler | Alexander Goldfarb | $160 → $135 | Maintains | Overweight | Get Alert |
08/08/2022 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 7.19% | Compass Point | Merrill Ross | → $100 | Downgrade | Buy → Neutral | Get Alert |
07/19/2022 | IIPR | Buy Now | Innovative Ind Props | $93.29 | 60.79% | JMP Securities | Aaron Hecht | $190 → $150 | Maintains | Market Outperform | Get Alert |
The latest price target for Innovative Ind Props (NYSE: IIPR) was reported by Craig-Hallum on March 7, 2024. The analyst firm set a price target for $100.00 expecting IIPR to rise to within 12 months (a possible 7.19% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Innovative Ind Props (NYSE: IIPR) was provided by Craig-Hallum, and Innovative Ind Props maintained their hold rating.
The last upgrade for Innovative Industrial Properties Inc happened on September 19, 2022 when Compass Point raised their price target to $175. Compass Point previously had a neutral for Innovative Industrial Properties Inc.
The last downgrade for Innovative Industrial Properties Inc happened on September 5, 2023 when Compass Point changed their price target from N/A to $95 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 March 7, 2024 so you should expect the next rating to be made available sometime around March 7, 2025.
While ratings are subjective and will change, the latest Innovative Ind Props (IIPR) rating was a maintained with a price target of $80.00 to $100.00. The current price Innovative Ind Props (IIPR) is trading at is $93.29, which is within the analyst’s predicted range.
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