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Ranked #2852 by analyst upside · 2026-11-12
IIPR
Innovative Industrial Properties, Inc.
Real Estate · Market Cap $2B · P/E 12.4x
ANALYST PRICE TARGET
+15.7%
implied upside to consensus target
Current Price $54.74
Consensus Target $63.35
Bull Target $90.0
Bear Target $46.0
Analysts Covering 5
ANALYST CONSENSUS - HOLD
Strong Buy
0
Buy
2
Hold
2
Sell
1
52-Week Low $44.58
52-Week High $65.38
YTD Return +22.8%
FUNDAMENTALS
Market Cap $2B
P/E Ratio (TTM) 12.4x
Forward P/E 12.5x
EPS (TTM) $4.41
PEG Ratio N/A
Dividend Yield 13.80%
Revenue (TTM) $264M
Profit Margin 53.2%
52-WEEK RANGE
52-Week Low $44.58
52-Week High $65.38
Current Price $54.74
Bear Target $46.0
Bull Target $90.0
● Now $54.74 ● Target $63.35
TRADING DATA
Avg Volume 362K
YTD Return +22.8%
Analyst Count 5
Consensus Hold
Upside to Target +15.7%
Last Updated 2026-11-12

ANALYST SUMMARY

Innovative Industrial Properties, Inc. (IIPR) is currently trading at $54.74 with a Wall Street consensus price target of $63.35, implying potential upside of 15.7% over the next 12 months. 5 analysts currently cover IIPR, with a consensus rating of Hold - 40% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $90.0, while the most cautious has a target of $46.0.

IIPR operates in the Real Estate sector with a market capitalisation of $2B. The stock is up 22.8% year-to-date and is currently trading near the lower end of its 52-week range of $44.58 – $65.38.

SIMILAR STOCKS

Other Real Estate stocks with comparable size and valuation.

RECENT ANALYST CALLS

Upgrade/downgrade history for IIPR, with each firm's 90-day track record across all stocks we track. See full firm rankings →

Piper Sandler - Reiterated
Underweight → Underweight 2026-11-04 14% win rate (7 calls)
Stifel ● Initiated
Buy 2026-10-14 Building track record
Piper Sandler - Reiterated
Underweight → Underweight 2026-10-12 14% win rate (7 calls)
Piper Sandler - Reiterated
Underweight → Underweight 2026-07-21 14% win rate (7 calls)
Compass Point ↑ Upgrade
Sell → Neutral 2026-03-03 Building track record
Piper Sandler - Reiterated
Underweight → Underweight 2026-02-25 14% win rate (7 calls)
Piper Sandler - Reiterated
Underweight → Underweight 2025-11-05 14% win rate (7 calls)
Wolfe Research ↓ Downgrade
Outperform → Peer Perform 2025-07-02 Building track record
HISTORICAL SNAPSHOT

Point-in-time data from StockUpside's daily snapshots. Tracks price, analyst target, upside %, consensus, and analyst count.

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ANALYST CONVICTION SCORE
35
out of 100
Coverage depth
14/30
Consensus clarity
14/30
Vote unanimity
5/25
Rating stability
2/15

Measures analyst agreement, not fundamental quality. A high score means analysts broadly agree on this call - not that the stock will go up.

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