In the newest buying and selling session, Progressive Industrial Properties, Inc. (IIPR) closed at
In the newest buying and selling session, Progressive Industrial Properties, Inc. (IIPR) closed at $75.55, marking a -0.59% transfer from the day before today. This transfer lagged the S&P 500’s day by day achieve of 0.97%. On the similar time, the Dow added 1.11%, and the tech-heavy Nasdaq gained 1.13%.
Heading into right now, shares of the corporate had misplaced 15.48% over the previous month, lagging the Finance sector’s achieve of two.18% and the S&P 500’s achieve of two.16% in that point.
Wall Avenue will likely be searching for positivity from IIPR because it approaches its subsequent earnings report date. That is anticipated to be November 6, 2019.
Additionally it is vital to notice the current adjustments to analyst estimates for IIPR. Latest revisions are inclined to replicate the newest near-term enterprise developments. With this in thoughts, we will take into account constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Based mostly on our analysis, we consider these estimate revisions are instantly associated to near-team inventory strikes. Buyers can capitalize on this by…