Home › Stocks › S&P 600 Small Cap › Innovative Industrial Properties, Inc. (IIPR) Innovative Industrial Properties, Inc. (IIPR) stock: analyst price target and their real reliability Live quote · data updated Oct 14, 2026
Innovative Industrial Properties, Inc. · Real Estate · ref. ETF XLRE · 52 calls · price $51.55
🏆 JPI 2026 portfolios See tracking → Target Consensus Insider buying Reliability $1,000 invested Analyses All calls What the company does: Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate.
📈 Innovative Industrial Properties, Inc. (IIPR) stock price 24h 7d 30d 90d 6mo 1yr 5yr
$51.55 -3.8% over range
📏 Click 2 points (left → right) to measure the change · click again to clear.
Sell Buy
Sell
0% recommend buying · 1 analysts
📊 JPI status : Innovative Industrial Properties, Inc. has never appeared in a JPI ranking (Fair or Risk +) — our methods haven't picked it to date. See the selected stocks → ⚠️ The stock trades above the median target: it has beaten expectations . The “Sell” reflects conviction on the company, but the remaining quantified upside is low/negative .
🎯 IIPR price target & analyst consensus — price $51.55 The price target · all analysts combined (1 targets)
Highest target · 1 firm of 1 $44 -14.6%
Median target · of 1 targets $44 -14.6%
Lowest target · 1 firm of 1 $44 -14.6%
Current price $51.55
⭐ What the most reliable analysts say
· those who beat their sector, targets replayed on real prices
⭐ The most reliable of them, either direction: Piper Sandler — 58% of its targets hit on this sector (55 calls tested). It aims for $44 (-15 % ), call made on October 13, 2026 , maturing on October 13, 2027 (1 d ago) .
The 1 reliable analyst
$44 -15 %
How to read it: the 1 reliable firms are not filtered by optimism — 0 aim above the price, 1 below, hence their $44 median.
The consensus · 1 ratings (last 6 months)
Strong Buy 0 0%
Buy 0 0%
Hold 0 0%
Sell 1 100%
Strong Sell 0 0%
Go deeper on the analysts
All analysts (the consensus) · vs · the best (those who've been right)
💬 A question about Innovative Industrial Properties, Inc.? The JPI assistant answers using our backtest data.
Should I buy Innovative Industrial Properties, Inc. stock? Are the analysts reliable on IIPR? How high can IIPR go?
2 insiders bought 2 buys / 6 mo $1.0M 👥 Cluster buy
✅ Historical analyst reliability on IIPR Hit rate measured on targets already matured (12 months), replayed against real prices. Click a header to sort.
📰 Recent news on Innovative Industrial Properties, Inc. Loading news…
📋 All analyst calls on IIPR ▼ Underweight · 🎯$44
Price at call : $51.55 — upside -15%
Today : $51.55 — upside -15%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Oct 12, 27
▼ Underweight · 🎯$51
Price at call : $62.31 — upside -18%
Today : $51.55 — upside -1%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Jul 21, 27
■ Neutral
neutral · not a buy · 🎯$45
Price at call : $56.66 — gap to target -21%
Today : $51.55 — gap to target -13%
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
in progress (365j) matures : Mar 3, 27
▼ Underweight · 🎯$45
Price at call : $54.62 — upside -18%
Today : $51.55 — upside -13%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Feb 25, 27
▼ Underweight · 🎯$44
Price at call : $50.96 — upside -14%
Today : $51.55 — upside -15%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Nov 5, 26
■ Peer Perform
neutral · not a buy 🎯 on IIPR : 0% (1 call matured) · 📊 on Real estate : 13.3% · -4.6% (15 calls)
in progress (365j) matures : Jul 2, 26
▼ Underweight · 🎯$45
Price at call : $50.96 — upside -12%
Today : $51.55 — upside -13%
Expected -12% · Actual +2% · Reason (≤ −15%) : ✗ No
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
-2.0% stock +2% · XLRE +10%
matured Apr 15, 26
▼ Sell · 🎯$50
Price at call : $54.09 — upside -8%
Today : $51.55 — upside -3%
Expected -8% · Actual -7% · Reason (≤ −15%) : ✗ No
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
+7.3% stock -7% · XLRE -2%
matured Mar 31, 26
See the other 44 calls, newest to oldest ▼ Underweight · 🎯$55
Price at call : $54.09 — upside +2%
Today : $51.55 — upside +7%
Expected +2% · Actual -7% · Reason (≤ −15%) : ✗ No
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+7.3% stock -7% · XLRE -2%
matured Mar 31, 26
■ Neutral
neutral · not a buy · 🎯$60
Price at call : $63.87 — gap to target -6%
Today : $51.55 — gap to target +16%
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
in progress (365j) matures : Mar 18, 26
▼ Underweight · 🎯$60
Price at call : $65.32 — upside -8%
Today : $51.55 — upside +16%
Expected -8% · Actual -18% · Reason (≤ −15%) : ✓ Yes
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+18.0% stock -18% · XLRE +0%
matured Mar 17, 26
■ Market Perform
neutral · not a buy 🎯 on IIPR : no call matured yet · 📊 unranked overall
in progress (365j) matures : Mar 17, 26
▲ Buy · 🎯$130
Price at call : $73.18 — upside +78%
Today : $51.55 — upside +152%
Expected +78% · Actual -37% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (2 calls matureds) · 📊 unranked overall
-36.9% stock -37% · XLRE +3%
matured Feb 21, 26
■ Neutral
neutral · not a buy 🎯 on IIPR : 50% (2 calls matureds) · 📊 on Real estate : 42.3% · -5.4% (26 calls)
in progress (365j) matures : Dec 23, 25
■ Neutral
neutral · not a buy · 🎯$78
Price at call : $70.45 — gap to target +11%
Today : $51.55 — gap to target +51%
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
in progress (365j) matures : Dec 20, 25
▲ Buy · 🎯$130
Price at call : $98.06 — upside +33%
Today : $51.55 — upside +152%
Expected +33% · Actual -43% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (1 call matured) · 📊 unranked overall
-42.5% stock -43% · XLRE -1%
matured Dec 17, 25
■ Market Perform
neutral · not a buy 🎯 on IIPR : 0% (3 calls matureds) · 📊 unranked overall
in progress (365j) matures : Dec 16, 25
■ Neutral
neutral · not a buy · 🎯$118
Price at call : $106.37 — gap to target +11%
Today : $51.55 — gap to target +129%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Nov 8, 25
▲ Buy · 🎯$125
Price at call : $106.37 — upside +18%
Today : $51.55 — upside +142%
Expected +18% · Actual -52% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
-51.6% stock -52% · XLRE -6%
matured Nov 8, 25
■ Neutral
neutral · not a buy · 🎯$120
Price at call : $114.45 — gap to target +5%
Today : $51.55 — gap to target +133%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Aug 9, 25
▲ Buy · 🎯$140
Price at call : $122.08 — upside +15%
Today : $51.55 — upside +172%
Expected +15% · Actual -55% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (2 calls matureds) · 📊 unranked overall
-55.1% stock -55% · XLRE +5%
matured Jul 22, 25
■ Hold
neutral · not a buy · 🎯$100
Price at call : $96.88 — gap to target +3%
Today : $51.55 — gap to target +94%
🎯 on IIPR : 0% (1 call matured) · 📊 overall : 42.7% · +3.3% (213 calls)
in progress (365j) matures : Mar 7, 25
■ Neutral
neutral · not a buy · 🎯$103
Price at call : $97.99 — gap to target +5%
Today : $51.55 — gap to target +100%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Feb 28, 25
■ Neutral
neutral · not a buy · 🎯$85
Price at call : $78.48 — gap to target +8%
Today : $51.55 — gap to target +65%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Nov 5, 24
■ Neutral
neutral · not a buy · 🎯$95
Price at call : $85.78 — gap to target +11%
Today : $51.55 — gap to target +84%
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
in progress (365j) matures : Sep 4, 24
■ Neutral
neutral · not a buy · 🎯$80
Price at call : $73.01 — gap to target +10%
Today : $51.55 — gap to target +55%
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
in progress (365j) matures : Jun 29, 24
▲ Overweight · 🎯$80
Price at call : $66.1 — upside +21%
Today : $51.55 — upside +55%
Expected +21% · Actual +62% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+61.8% stock +62% · XLRE +4%
matured May 30, 24
▲ Buy · 🎯$100
Price at call : $70.65 — upside +42%
Today : $51.55 — upside +94%
Expected +42% · Actual +61% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
+61.3% stock +61% · XLRE +7%
matured May 16, 24
■ Hold
neutral · not a buy · 🎯$80
Price at call : $72.13 — gap to target +11%
Today : $51.55 — gap to target +55%
🎯 on IIPR : 0% (1 call matured) · 📊 overall : 42.7% · +3.3% (213 calls)
in progress (365j) matures : May 9, 24
▲ Overweight · 🎯$97
Price at call : $72.09 — upside +35%
Today : $51.55 — upside +88%
Expected +35% · Actual +39% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+39.4% stock +39% · XLRE +3%
matured Apr 4, 24
▲ Overweight · 🎯$120
Price at call : $86.27 — upside +39%
Today : $51.55 — upside +133%
Expected +39% · Actual +14% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+13.8% stock +14% · XLRE +4%
matured Feb 29, 24
▲ Buy · 🎯$179
Price at call : $85.78 — upside +109%
Today : $51.55 — upside +247%
Expected +109% · Actual +9% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 50% (2 calls matureds) · 📊 on Real estate : 42.3% · -5.4% (26 calls)
+8.9% stock +9% · XLRE -3%
matured Jan 24, 24
▲ Buy · 🎯$125
Price at call : $88.38 — upside +41%
Today : $51.55 — upside +142%
Expected +41% · Actual +9% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
+9.0% stock +9% · XLRE -1%
matured Jan 20, 24
■ Market Perform
neutral · not a buy 🎯 on IIPR : 0% (3 calls matureds) · 📊 unranked overall
in progress (365j) matures : Jan 20, 24
▲ Buy · 🎯$145
Price at call : $99.21 — upside +46%
Today : $51.55 — upside +181%
Expected +46% · Actual -4% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
-3.9% stock -4% · XLRE +4%
matured Jan 3, 24
▲ Overweight · 🎯$117
Price at call : $91.12 — upside +28%
Today : $51.55 — upside +127%
Expected +28% · Actual -18% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
-17.8% stock -18% · XLRE -2%
matured Oct 7, 23
▲ Buy · 🎯$175
Price at call : $102.31 — upside +71%
Today : $51.55 — upside +239%
Expected +71% · Actual -17% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
-17.1% stock -17% · XLRE -10%
matured Sep 19, 23
▲ Overweight · 🎯$135
Price at call : $93.65 — upside +44%
Today : $51.55 — upside +162%
Expected +44% · Actual -13% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
-12.6% stock -13% · XLRE -15%
matured Aug 8, 23
■ Neutral
neutral · not a buy · 🎯$100
Price at call : $93.65 — gap to target +7%
Today : $51.55 — gap to target +94%
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
in progress (365j) matures : Aug 8, 23
▲ Market Outperform · 🎯$150
Price at call : $93.46 — upside +60%
Today : $51.55 — upside +191%
Expected +60% · Actual -16% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (3 calls matureds) · 📊 unranked overall
-15.8% stock -16% · XLRE -7%
matured Jul 19, 23
■ Peer Perform
neutral · not a buy 🎯 on IIPR : 0% (1 call matured) · 📊 on Real estate : 13.3% · -4.6% (15 calls)
in progress (365j) matures : Jul 19, 23
▲ Market Outperform · 🎯$190
Price at call : $133.58 — upside +42%
Today : $51.55 — upside +269%
Expected +42% · Actual -49% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (3 calls matureds) · 📊 unranked overall
-49.4% stock -49% · XLRE -16%
matured Jun 2, 23
▲ Buy
Actual -45% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (1 call matured) · 📊 overall : 42.7% · +3.3% (213 calls)
-45.2% stock -45% · XLRE -13%
matured May 9, 23
▲ Market Outperform · 🎯$300
Price at call : $274.42 — upside +9%
Today : $51.55 — upside +482%
Expected +9% · Actual -60% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (3 calls matureds) · 📊 unranked overall
-59.9% stock -60% · XLRE -25%
matured Nov 4, 22
▲ Buy · 🎯$290
Price at call : $249.21 — upside +16%
Today : $51.55 — upside +463%
Expected +16% · Actual -64% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 50% (2 calls matureds) · 📊 on Real estate : 42.3% · -5.4% (26 calls)
-63.8% stock -64% · XLRE -15%
matured Sep 1, 22
■ Hold
neutral · not a buy · 🎯$240
Price at call : $227.99 — gap to target +5%
Today : $51.55 — gap to target +366%
🎯 on IIPR : 0% (1 call matured) · 📊 overall : 42.7% · +3.3% (213 calls)
in progress (365j) matures : Aug 9, 22
▲ Buy · 🎯$245
Price at call : $228.45 — upside +7%
Today : $51.55 — upside +375%
Expected +7% · Actual -59% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 50% (2 calls matureds) · 📊 unranked overall
-59.0% stock -59% · XLRE -6%
matured Aug 6, 22
▲ Outperform · 🎯$249
Price at call : $199.15 — upside +25%
Today : $51.55 — upside +383%
Expected +25% · Actual -43% · Reason (≥ +15%) : ✗ No
🎯 on IIPR : 0% (1 call matured) · 📊 on Real estate : 13.3% · -4.6% (15 calls)
-43.1% stock -43% · XLRE -7%
matured Jul 2, 22
▲ Overweight · 🎯$160
Price at call : $152.38 — upside +5%
Today : $51.55 — upside +210%
Expected +5% · Actual +85% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 67% (9 calls matureds) · 📊 on Real estate : 58.2% · +9.9% (55 calls)
+85.0% stock +85% · XLRE +35%
matured Nov 5, 21
▲ Buy · 🎯$150
Price at call : $123.26 — upside +22%
Today : $51.55 — upside +191%
Expected +22% · Actual +90% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 50% (2 calls matureds) · 📊 unranked overall
+89.6% stock +90% · XLRE +34%
matured Sep 18, 21
▲ Buy · 🎯$50
Price at call : $44.9 — upside +11%
Today : $51.55 — upside -3%
Expected +11% · Actual +92% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
+91.9% stock +92% · XLRE +22%
matured Oct 8, 19
▲ Buy · 🎯$21
Price at call : $16.82 — upside +25%
Today : $51.55 — upside -59%
Expected +25% · Actual +18% · Reason (≥ +15%) : ✓ Yes
🎯 on IIPR : 63% (8 calls matureds) · 📊 on Real estate : 44.9% · -1.9% (49 calls)
+18.2% stock +18% · XLRE +7%
matured Dec 12, 17
Frequently asked questions Should I buy Innovative Industrial Properties, Inc. stock? This isn't buy advice. For Innovative Industrial Properties, Inc., the analyst consensus is "Sell", with an average price target of $44.00 (-15% vs the current price). What matters is their past reliability on this stock: the most reliable one is right 70% of the time (10 calls tracked on Innovative Industrial Properties, Inc.). We show the numbers — you decide.
Is it too late to buy Innovative Industrial Properties, Inc.? How high can it go? The most bullish analyst target on Innovative Industrial Properties, Inc. is $44.00 (-15% above today's price); the average is $44.00. That's the upside they see. Check how reliable those analysts have actually been on Innovative Industrial Properties, Inc. on our site before trusting it.
Is Innovative Industrial Properties, Inc. still a good buy? The most useful "opinion" isn't an opinion — it's a track record: 6 analysts have a real record on Innovative Industrial Properties, Inc., the best hitting 70% over 10 calls. Current consensus: "Sell". Make your call on data, not noise.
What has Innovative Industrial Properties, Inc.'s past performance been? Historical returns and a "how much if I had invested" calculator: IIPR performance & returns .
Are insiders buying IIPR stock? Executives' and large holders' buys and sells, decoded: insider buying on IIPR .