Innovative Industrial Properties Inc’s recent filing unveils that its Director Stecher David unloaded Company’s shares for reported $0.54 million on Mar 03 ’25. In the deal valued at $70.55 per share,7,599 shares were sold. As a result of this transaction, Stecher David now holds 1,346 shares worth roughly $64648.380000000005.
Then, Stecher David bought 7,599 shares, generating $550,928 in total proceeds.
Compass Point downgraded its Innovative Industrial Properties Inc [IIPR] rating to a Sell from a a Neutral in a research note published on March 31, 2025; the price target was decreased to $50 from $61. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in late December from “a Buy” to “a Neutral”. Piper Sandler also remained covering IIPR and has decreased its forecast on December 20, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Compass Point revised its rating on December 20, 2024. It rated IIPR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of IIPR
On Tuesday, Innovative Industrial Properties Inc [NYSE:IIPR] saw its stock fall -7.85% to $48.03. Over the last five days, the stock has lost -13.99%. Innovative Industrial Properties Inc shares have fallen nearly -27.93% since the year began. Nevertheless, the stocks have fallen -52.43% over the past one year. While a 52-week high of $138.35 was reached on 02/14/25, a 52-week low of $49.51 was recorded on 04/08/25. SMA at 50 days reached $68.05, while 200 days put it at $100.59.
Levels Of Support And Resistance For IIPR Stock
The 24-hour chart illustrates a support level at 45.54, which if violated will result in even more drops to 43.05. On the upside, there is a resistance level at 52.06. A further resistance level may holdings at 56.09. The Relative Strength Index (RSI) on the 14-day chart is 22.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.07%. Stochastics %K at 14.57% indicates the stock is a buying.
How much short interest is there in Innovative Industrial Properties Inc?
A steep rise in short interest was recorded in Innovative Industrial Properties Inc stocks on 2025-03-14, growing by 37521.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.39 million shares. There was a rise of 2.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 17, 2024 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $130 price target.
