Insider buying last 90 days
No open-market insider purchases were filed for IIPR in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every IIPR insider filing, plotted on the chart in Gekko.Open IIPR in Gekko
Innovative Industrial Properties (IIPR) Stock Analysis & Forecast
Oct 12 close
$51.19−0.64 (−1.2%)
Gekko Brief
AI summaryOct 12 closeThis week's news centers on Innovative Industrial Properties pricing a $50 million public offering of 2,000,000 shares of its 9.25% Series B Cumulative Redeemable Preferred Stock at $25.00 per share, intended to diversify the company's capital structure. Underwriters were also granted a 30-day option to purchase up to an additional 300,000 shares at the offering price. Separately, options traders have shown interest tied to elevated implied volatility on the October 16, 2026 $30.00 Call options, pointing to expectations of a sizable price move.
IIPR closed at $51.19, down 1.2%, with the stock sitting between its 50-day average of $55.74 and 200-day average of $54.85. The GekkoIndex reads 65.3, placing it in the Accumulation zone, down 8.6 over five days. The stock trades 12.1% below Gekko Fair Value of $58.25.
Looking ahead, Innovative Industrial Properties reports earnings on 2 November 2026, 20 days out, falling inside a typical 20-trading-day holding window; the prior quarter beat estimates with EPS of $1.36 versus $1.02 expected, producing a 2.6% reaction, against an average absolute reaction of 7.6% across prior reports. Seasonality from this point in the calendar has averaged +7.7% over the next 20 trading days across 5 years, rising in 4 of them. Analyst consensus across 4 firms shows a $64.50 price target. No insider, Congress, or unusual options activity appears in the respective windows.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Innovative Industrial Properties price vs fair value
Close $51.19200-day averageGekko Fair Value $58.25
Innovative Industrial Properties quick facts
- Market cap
- $1.48B
- P/E ratio
- 11.8
- Forward P/E
- 12.4
- EPS, TTM
- $4.42
- Revenue, TTM
- $263.7M
- Profit margin
- 52.3%
- Dividend yield
- 14.80%
- Beta
- 1.42
- Volume
- 282,635 avg 464,804
- 1-year return
- −4.1%
- Typical daily move
- ±2.6%
- Typical 20-day move
- ±7.2%
- 50-day average
- $55.74
- 200-day average
- $54.85
- Next earnings
- Nov 2
- Shares outstanding
- 27.57M
Innovative Industrial Properties swing-trade checklist
Innovative Industrial Properties scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $51.19 sits between the 50-day ($55.74) and 200-day ($54.85) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
65.3, Accumulation
Reading 65.3 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
12.1% below
Price is 12.1% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 21 days
Reports on Nov 2, 2026, 21 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+7.7% on average
From this point in the calendar, the next 20 trading days averaged +7.7% over 5 years, rising in 4 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Innovative Industrial Properties stock chart and price history
Innovative Industrial Properties closed at $51.19 on Oct 12, 2026, −4.1% over the past year, inside a 52-week range of $44.58 to $65.38.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −9.0%
- 3 months
- −19.7%
- 6 months
- +1.0%
- 1 year
- −4.1%
The full IIPR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open IIPR in Gekko
Follow Innovative Industrial Properties through every session
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About Innovative Industrial Properties
Innovative Industrial Properties focuses on acquiring and managing specialized real estate properties. It leases these facilities to state-licensed operators who run regulated medical cannabis operations, making its real estate holdings the core of its business activity.
The company is organized as an independently managed corporation and has operated under a Real Estate Investment Trust structure for tax purposes since the end of 2017. Its revenue model centers on long-term leasing arrangements with experienced operators in the medical cannabis space who occupy and operate the properties it owns.
Innovative Industrial Properties is incorporated in Maryland. Its shares trade under the ticker IIPR.
- Sector
- Finance
- Website
- innovativeindustrialproperties.com
Innovative Industrial Properties GekkoIndex: the smart money zone
Innovative Industrial Properties’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 65.3, in the Accumulation zone, down 8.6 points over five sessions.
65.3Accumulation
Down 8.6 points over five sessions, from the Buying zone.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 47 | −0.8% | +0.4% | ||
| Accumulation (current zone) | 239 | −0.9% | −1.8% | ||
| Neutral | 322 | +0.2% | −0.9% | ||
| Distribution | 27 | −2.1% | −4.1% | ||
| Selling | 0 | Not available | |||
Average IIPR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the IIPR price, zone by zone.Track IIPR in Gekko
Is Innovative Industrial Properties stock overvalued? Gekko Fair Value
Innovative Industrial Properties trades 12.1% below Gekko Fair Value of $58.25, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Innovative Industrial Properties shares are worth, recalculated every trading day.
$58.25
Gekko Fair Value, Oct 10, 2026
12.1% Undervalued
At the end of Aug 2026 the price was 5.7% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open IIPR in Gekko
Innovative Industrial Properties insider and Congress trading
No open-market insider purchases were filed for Innovative Industrial Properties, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in IIPR were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for IIPR, plotted on the chart in Gekko.Open IIPR in Gekko
Buybacks
Innovative Industrial Properties has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $88.97M
- As a share of market cap
- 5.99%
From company filings.
Innovative Industrial Properties earnings: next date and track record
Innovative Industrial Properties reports on Nov 2, 2026 (21 days away), and beat the EPS estimate in 4 of its last 8 reports.
Next earnings report
Nov 2, 2026
21 days away
- EPS estimate
- $0.90
- Revenue estimate
- $60.87M
4 of 8reports beat the EPS estimate
±7.6%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 3, 2026 | $1.36 est $1.02 | $63.32M est $67.09M | +2.6% |
| May 4, 2026 | $1.04 est $1.07 | $69.00M est $65.65M | +10.7% |
| Feb 23, 2026 | $1.06 est $0.99 | $66.66M est $65.77M | +11.8% |
| Nov 3, 2025 | $1.01 est $1.05 | $64.69M est $63.67M | −0.8% |
| Aug 6, 2025 | $1.71 est $1.61 | $62.89M est $65.02M | −11.8% |
| May 7, 2025 | $1.94 est $1.99 | $71.72M est $70.79M | +5.0% |
| Feb 19, 2025 | $1.38 est $1.36 | $76.74M est $76.29M | −1.4% |
| Nov 6, 2024 | $2.25 est $2.29 | $76.53M est $76.28M | −16.8% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Innovative Industrial Properties stock forecast and analyst price targets
Analysts’ average 12-month price target for Innovative Industrial Properties is $64.50, +26.0% from the last close, from 4 firms rating the stock in the last 90 days.
$64.50consensus 12-month target, +26.0% from the last close
Now $51.19Avg $64.50
Low $44High $90
Each firm’s latest rating in the last 90 days: 4 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Oct 12 | Piper Sandler | $44 | −14.0% |
| Aug 26 | Roth MKM | $90 | +75.8% |
| Aug 24 | Alliance Global Partners | $60 | +17.2% |
| Aug 5 | Piper Sandler | $51 | −0.4% |
| Aug 5 | Roth MKM | $90 | +75.8% |
−1.8%average 20-day move after past Accumulation readings
+7.7%average move over the next 20 trading days in the last 5 years
±2.6%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Innovative Industrial Properties seasonality: the next 20 trading days
Over the next 20 trading days from Oct 10, Innovative Industrial Properties averaged +7.7% across the last 5 years, rising in 4 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +3.6% | 5 of 5 |
| Next 10 trading days | +3.6% | 4 of 5 |
| Next 15 trading days | +5.2% | 3 of 5 |
| Next 20 trading days | +7.7% | 4 of 5 |
| Next 30 trading days | +3.2% | 3 of 5 |
For scale, IIPR’s typical 20-trading-day move in either direction is about 7.2%.
Innovative Industrial Properties market cap and key statistics
Innovative Industrial Properties’s market cap is $1.48B, with a P/E ratio of 11.8 and revenue of $263.7M over the last twelve months.
Valuation
- Market cap
- $1.48B
- P/E ratio
- 11.8
- Forward P/E
- 12.4
- EPS, TTM
- $4.42
- Gekko Fair Value
- $58.25
Trading
- Volume
- 282,635
- Avg volume, 20 days
- 464,804
- 52-week high
- $65.38
- 52-week low
- $44.58
- Shares outstanding
- 27.57M
Financials
- Revenue, TTM
- $263.7M
- Profit margin
- 52.3%
- Return on equity
- 7.4%
- Quarterly earnings growth, YoY
- +57.7%
Risk and income
- Beta
- 1.42
- Typical daily move
- ±2.6%
- Typical 20-day move
- ±7.2%
- Dividend yield
- 14.80%
Innovative Industrial Properties stock news this week
Coverage of Innovative Industrial Properties this week reads positive: 9 positive, 3 neutral and 1 negative headlines.
- Innovative Industrial Properties Prices $50 Million Preferred Stock OfferingPulse 2.0, Oct 10
- Form 424B5 Innovative Industrial Properties For: 9 October By Investing.comInvesting.com Canada, Oct 10
- Are Options Traders Betting on a Big Move in Innovative Industrial Properties Stock?TradingView, Oct 9
- Innovative Industrial Properties Grants Underwriters 30-Day Option to Buy Up to an Additional 300,000 Shares at Public Offering Price >IIPRMoomoo, Oct 9
- Innovative Industrial Properties Prices $50 Million Preferred OfferingTOKENPOST, Oct 9
- Innovative Industrial Properties prices $50M preferred stock offeringStreetInsider, Oct 9
Innovative Industrial Properties stock FAQ
What is Innovative Industrial Properties’s market cap?
Innovative Industrial Properties’s market cap is $1.48B at the Oct 12, 2026 close of $51.19, with 27.57M shares outstanding. The shares trade on a P/E ratio of 11.8.
What is the Innovative Industrial Properties stock forecast?
The consensus analyst 12-month price target for Innovative Industrial Properties is $64.50, +26.0% from the last close. Of the 4 firms that rated the stock in the last 90 days, 1 rate it a buy, 2 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.
Is Innovative Industrial Properties stock overvalued or undervalued?
On Gekko’s estimate Innovative Industrial Properties is undervalued: the Oct 12, 2026 close of $51.19 is 12.1% below Gekko Fair Value of $58.25. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Innovative Industrial Properties report earnings next?
Innovative Industrial Properties is expected to report on Nov 2, 2026 (21 days away). Analysts expect earnings of $0.90 per share on revenue of $60.87M. Innovative Industrial Properties beat the earnings estimate in 4 of its last 8 reports, moving 7.6% on average across the report.
What is Innovative Industrial Properties’s 52-week high and low?
Innovative Industrial Properties’s 52-week high is $65.38 and its 52-week low is $44.58; it closed at $51.19 on Oct 12, 2026, −4.1% over the past year. Over the last five years the shares peaked at $288.02 on Nov 16, 2021.
Is Innovative Industrial Properties stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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