Innovative Industrial Properties (IIPR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Innovative Industrial Properties (IIPR) declined 1.27% to $54.51, underperforming the broader market's 0.17% loss. The company has a Zacks Rank #3 (Hold) with projected EPS growth of 7.6% for the upcoming quarter and full-year earnings expected to increase 2.49%. IIPR trades at a Forward P/E of 7.45, below its industry average of 11.8, though its industry ranks in the bottom 35% of all sectors.