How Will the Market React to Innovative Industrial Properties Inc (IIPR) Stock Getting a Neutral Rating

The market has been neutral on Innovative Industrial Properties Inc (IIPR) stock recently. IIPR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Innovative Industrial Properties Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on IIPR!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With IIPR Stock Today?

Innovative Industrial Properties Inc (IIPR) stock is down -0.36% while the S&P 500 has gained 1.42% as of 3:45 PM on Monday, Nov 29. IIPR is down -$0.97 from the previous closing price of $266.46 on volume of 100,759 shares. Over the past year the S&P 500 is higher by 28.67% while IIPR has gained 72.78%. IIPR earned $4.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 61.34. To see InvestorsObserver's Sentiment Score for Innovative Industrial Properties Inc click here.

More About Innovative Industrial Properties Inc

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States. Click Here to get the full Stock Report for Innovative Industrial Properties Inc stock.