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Innovative Industrial Properties Inc has a consensus price target of $90 based on the ratings of 9 analysts. The high is $130 issued by Roth MKM on February 21, 2025. The low is $45 issued by Compass Point on March 3, 2026. The 3 most-recent analyst ratings were released by Compass Point, Piper Sandler, and Piper Sandler on March 3, 2026, February 25, 2026, and November 5, 2025, respectively. With an average price target of $44.67 between Compass Point, Piper Sandler, and Piper Sandler, there's an implied -26.16% downside for Innovative Industrial Properties Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Innovative Ind Props (NYSE:IIPR) was reported by Compass Point on March 3, 2026. The analyst firm set a price target for $45.00 expecting IIPR to fall to within 12 months (a possible -25.61% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Innovative Ind Props (NYSE:IIPR) was provided by Compass Point, and Innovative Ind Props upgraded their neutral rating.
The last upgrade for Innovative Industrial Properties Inc happened on March 3, 2026 when Compass Point raised their price target to $45. Compass Point previously had a sell 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 March 3, 2026 so you should expect the next rating to be made available sometime around March 3, 2027.
While ratings are subjective and will change, the latest Innovative Ind Props (IIPR) rating was a upgraded with a price target of $0.00 to $45.00. The current price Innovative Ind Props (IIPR) is trading at is $60.49, which is out of the analyst’s predicted range.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 03/03/2026 | Buy Now | -25.61% | Compass Point | → $45 | Upgrade | Sell → Neutral | Get Alert |
| 02/25/2026 | Buy Now | -25.61% | Piper Sandler | $44 → $45 | Maintains | Underweight | Get Alert |
| 11/05/2025 | Buy Now | -27.26% | Piper Sandler | $43 → $44 | Maintains | Underweight | Get Alert |
| 07/02/2025 | Buy Now | — | Wolfe Research | — | Downgrade | Outperform → Peer Perform | Get Alert |
| 04/15/2025 | Buy Now | -25.61% | Piper Sandler | $55 → $45 | Maintains | Underweight | Get Alert |
| 03/31/2025 | Buy Now | -17.34% | Compass Point | $60 → $50 | Downgrade | Neutral → Sell | Get Alert |
| 03/31/2025 | Buy Now | -9.08% | Piper Sandler | $60 → $55 | Maintains | Underweight | Get Alert |
| 03/18/2025 | Buy Now | -0.81% | Compass Point | $78 → $60 | Maintains | Neutral | Get Alert |
| 03/17/2025 | Buy Now | -0.81% | Piper Sandler | $70 → $60 | Maintains | Underweight | Get Alert |
| 03/17/2025 | Buy Now | — | Citizens Capital Markets | — | Reiterates | Market Perform → Market Perform | Get Alert |
| 02/21/2025 | Buy Now | 114.91% | Roth MKM | $140 → $130 | Maintains | Buy | Get Alert |
| 12/23/2024 | Buy Now | — | BTIG | — | Downgrade | Buy → Neutral | Get Alert |
| 12/20/2024 | Buy Now | 28.95% | Compass Point | $125 → $78 | Downgrade | Buy → Neutral | Get Alert |
| 12/17/2024 | Buy Now | 114.91% | Alliance Global Partners | → $130 | Initiates | → Buy | Get Alert |
| 12/16/2024 | Buy Now | — | JMP Securities | — | Reiterates | Market Perform → Market Perform | Get Alert |
| 11/08/2024 | Buy Now | 95.07% | Piper Sandler | $120 → $118 | Maintains | Neutral | Get Alert |
| 11/08/2024 | Buy Now | 106.65% | Compass Point | → $125 | Upgrade | Neutral → Buy | Get Alert |
| 08/09/2024 | Buy Now | 98.38% | Piper Sandler | $110 → $120 | Maintains | Neutral | Get Alert |
| 07/22/2024 | Buy Now | 131.44% | Roth MKM | $115 → $140 | Maintains | Buy | Get Alert |
| 03/07/2024 | Buy Now | 65.32% | Craig-Hallum | $80 → $100 | Maintains | Hold | Get Alert |
| 02/29/2024 | Buy Now | 70.28% | Piper Sandler | $85 → $103 | Maintains | Neutral | Get Alert |
| 11/06/2023 | Buy Now | 40.52% | Piper Sandler | $80 → $85 | Maintains | Neutral | Get Alert |
| 09/05/2023 | Buy Now | 57.05% | Compass Point | → $95 | Downgrade | Buy → Neutral | Get Alert |
| 06/30/2023 | Buy Now | 32.25% | Piper Sandler | → $80 | Downgrade | Overweight → Neutral | Get Alert |