Innovative Industrial Properties Inc (NYSE: IIPR) has a price-to-earnings ratio that is above its average at 13.28x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for IIPR is 27.90M, and at present, short sellers hold a 5.05% of that float. On December 20, 2024, the average trading volume of IIPR was 213.47K shares.
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IIPR) stock’s latest price update
Innovative Industrial Properties Inc (NYSE: IIPR)’s stock price has plunge by -21.73relation to previous closing price of 95.34. Nevertheless, the company has seen a -28.74% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-12-20 that PHILADELPHIA, PA / ACCESSWIRE / December 20, 2024 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Innovative Industrial Properties, Inc. (“Innovative Industrial” or “IIPR”) (NYSE:IIPR) for potential violations of securities laws.
IIPR’s Market Performance
Innovative Industrial Properties Inc (IIPR) has seen a -28.74% fall in stock performance for the week, with a -29.14% decline in the past month and a -45.45% plunge in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 2.75% for IIPR. The simple moving average for the past 20 days is -28.40% for IIPR’s stock, with a -34.22% simple moving average for the past 200 days.
Analysts’ Opinion of IIPR
Alliance Global Partners, on the other hand, stated in their research note that they expect to see IIPR reach a price target of $130. The rating they have provided for IIPR stocks is “Buy” according to the report published on December 17th, 2024.
Compass Point gave a rating of “Buy” to IIPR, setting the target price at $125 in the report published on November 08th of the current year.
IIPR Trading at -35.03% from the 50-Day Moving Average
After a stumble in the market that brought IIPR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.06% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares sank -28.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.39% lower at present.
During the last 5 trading sessions, IIPR fell by -27.50%, which changed the moving average for the period of 200-days by -21.39% in comparison to the 20-day moving average, which settled at $104.28. In addition, Innovative Industrial Properties Inc saw -25.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IIPR
Current profitability levels for the company are sitting at:
- 0.56 for the present operating margin
- 0.74 for the gross margin
The net margin for Innovative Industrial Properties Inc stands at 0.53. The total capital return value is set at 0.08. Equity return is now at value 8.28, with 6.74 for asset returns.
Based on Innovative Industrial Properties Inc (IIPR), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.9. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 9.82.
Currently, EBITDA for the company is 241.78 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 7.24. The receivables turnover for the company is 14.13for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To sum up, Innovative Industrial Properties Inc (IIPR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
