IIPR stock: buy or sell

IIPR stock price: $189.30 -0.25% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

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IIPR stock brief

  • Innovative Industrial Properties stock only changed -0.25% to close at $189.30 on the stock market last Friday.
  • Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This rally marked a 69.81% gain

Should I buy Innovative Industrial Properties stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $IIPR stock a buy?

Currently, Innovative Industrial Properties stock matches 2 trading strategies:

Uptrend buy setup

Innovative Industrial Properties stock is in an uptrend since last October that so far has marked a gorgeous 70.00% gain. Price marked a pull back in this uptrend at $170.61 on January 7, and since then it bounced up a 10.95%. Now, it's only 4.59% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $197.99. If you decide to enter this trade, the suggested stop loss is at $178.19

Buy setupBuy pointStop lossRisk
Uptrend buy setup$197.99$178.1910.00%

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it scales rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 4.59% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $197.99. Set your stop-loss at $178.19

Buy setupBuy pointStop lossRisk
ATH buy setup$197.99$178.1910.00%

Should I sell Innovative Industrial Properties stock?

When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Trading strategies prevent us from making impetuous decisions based on our personal feelings or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling stocks in your porfolio, not for shorting Innovative Industrial Properties stock

A golden rule is that you must never mantain an operation that produces losses greater than those expected upon purchase. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Innovative Industrial Properties stock?

Currently, Innovative Industrial Properties stock doesn't match any of our preferred sell setups, so if you hold Innovative Industrial Properties stock and your operation is in profit probably is not time to sell now

Innovative Industrial Properties ratings

In the last 30 days, 3 brokerage ratings were published for Innovative Industrial Properties. General sentiment is bullish, with 2 out of 3 publishing optimistic forecasts

Innovative Industrial Properties analysts' ratings - Last 30 days
Brokerage firmRating
Dec 23rd, 2020
LADENBURG THALM/SH SH Strong buyNeutral
Piper Sandler Buy
Jan 7th, 2021
BTIG Research Strong buy

Innovative Industrial Properties stock analysis

Since last October, Innovative Industrial Properties has been printing an uptrend that so far marked an amazing 69.81%. The price shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest pullback was on January 7, when price bounced at $170.61. Like in all uptrends, price needs to rest and now price is moving in a range between $197.99 and $170.61

SMAs overview

IIPR stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $197.99 (4.59% above)
  • The current supports are:

  • S1: $170.61 (-9.87% below)
  • S2: $163.86 (-13.44% below)
  • S3: $145.80 (-22.98% below)
  • Bollinger bands

    IIPR stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in late December after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 62.45. Innovative Industrial Properties shares moved up a 1.15% since then

    IIPR stock RSI chart

    Innovative Industrial Properties stock price history

    Innovative Industrial Properties started trading on Dec 1st, 2016 at $17.79 per share1. Since then, IIPR stock has risen by 964.08%, with an average of 241.02% per year. An investment of thousand dollars on Dec 2016 would have a value of $10,640.81 today.

    1: Adjusted price after possible price splits or reverse-splits

    IIPR stock price history chart

    Price target for Innovative Industrial Properties stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by brokerage institutions over the last 30 days. If you are a small trader you shouldn't trade based on these price targets.

    Averaging all price targets exposed below, the predicted price for Innovative Industrial Properties stock is $234.00. Innovative Industrial Properties closed at $189.30 last Friday, so the target price is forecasting an increase by 23.61%.

    Innovative Industrial Properties stock price predictions
    Brokerage firmPrice target
    Dec 23rd, 2020
    LADENBURG THALM/SH SH Not available
    Piper Sandler $160.00$250.00
    Jan 7th, 2021
    BTIG Research $177.00$218.00

    Earnings and financials

    Innovative Industrial Properties ($IIPR) hosted the quarterly investors event and presented the report last November. IIPR presented earnings of $1.28 per share on revenue of $34.3 million. The analysts estimate was $0.79 per share on revenue of $29.6 million.

    This compares to Earnings of $0.55 per share same quarter last year, so current EPS is an increase of 132.73%. Revenue skyrocketed a 197.07% on an annualized basis in the , from $115.6M to $343.3M last quarter.

    IIPR ($IIPR) is hosting the Q4 earnings call late next February. Wall Street analysts forecast of $1.10, that is a 14.06% lower than Q3.

    Innovative Industrial Properties performance

    IIPR performance compared
    Company1m3m6m
    Innovative Industrial Properties ($IIPR) 7.70% 45.90% 103.50%

    Disclaimer:
    The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the specific positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative motives only

    IIPR summary

    Friday, January 15th, 2021
    Open$190
    Close$189.3
    Day range$181.6 - $190.89
    Previous close$189.77
    Session gain-0.25%
    Average true range$9.98
    50d mov avg$166.16
    100d mov avg$144.63
    200d mov avg$116.19
    Earnings dateFebruary 24th, 2021

    Frequently asked questions

    What is Innovative Industrial Properties stock symbol?

    Innovative Industrial Properties, Inc. is a public company trading in the US stock market with the IIPR symbol

    Is Innovative Industrial Properties stock a buy or sell?

    Innovative Industrial Properties received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.

    Will IIPR go up?

    Innovative Industrial Properties had different price predictions posted by analysts in the last 30 days forecasting the target price to $234.00. That is a 23.61% than the last price ($189.30).