Innovative Industrial Properties closed down 1.44% at $55.62, lagging the S&P 500's 0.17% gain, while the Dow slipped 0.18% and the Nasdaq rose 0.4%. Ahead of its upcoming earnings disclosure, analysts expect the company to post earnings of $1.84 per share, up 7.6% year over year, on quarterly revenue of $66.07 million, up 2.15% from the year-ago period. For the full year, the Zacks Consensus Estimates forecast earnings of $7.42 per share and revenue of $264.72 million, changes of +2.49% and -0.47% respectively. Over the past 30 days the consensus EPS projection has moved 1.47% lower, and the stock currently carries a Zacks Rank of #3 (Hold). Innovative Industrial Properties trades at a Forward P/E ratio of 7.61, a discount to the industry average of 12.01.
Innovative Industrial Properties IncAnalysts trimmed the consensus EPS estimate 1.47% lower over the past 30 days ahead of earnings, pressuring the stock.
