Innovative Industrial Properties (IIPR) closed at $53.56 in the latest trading session, marking a +0.34% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 1.26%. From a valuation perspective, Innovative Industrial Properties is currently exchanging hands at a Forward P/E ratio of 7.3. This denotes a discount relative to the industry's average Forward P/E of 10.25. The REIT and ...