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Innovative Industrial Properties Inc has a consensus price target of $124.17 based on the ratings of 9 analysts. The high is $179 issued by BTIG on January 24, 2023. The low is $78 issued by Compass Point on December 20, 2024. The 3 most-recent analyst ratings were released by Compass Point, Alliance Global Partners, and Piper Sandler on December 20, 2024, December 17, 2024, and November 8, 2024, respectively. With an average price target of $108.67 between Compass Point, Alliance Global Partners, and Piper Sandler, there's an implied 47.62% upside 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 December 20, 2024. The analyst firm set a price target for $78.00 expecting IIPR to rise to within 12 months (a possible 5.96% upside). 9 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 downgraded their neutral 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 December 20, 2024 when Compass Point changed their price target from $125 to $78 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 December 20, 2024 so you should expect the next rating to be made available sometime around December 20, 2025.
While ratings are subjective and will change, the latest Innovative Ind Props (IIPR) rating was a downgraded with a price target of $125.00 to $78.00. The current price Innovative Ind Props (IIPR) is trading at is $73.61, which is out of the analyst’s predicted range.
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