Analysts Offer Predictions for IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Analysts at Alliance Global Partners issued their Q1 2025 earnings per share estimates for shares of Innovative Industrial Properties in a report released on Wednesday, March 19th. Alliance Global Partners analyst A. Grey anticipates that the company will earn $1.84 per share for the quarter. Alliance Global Partners currently has a “Hold” rating on the stock. The consensus estimate for Innovative Industrial Properties’ current full-year earnings is $8.28 per share. Alliance Global Partners also issued estimates for Innovative Industrial Properties’ Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.66 EPS, FY2025 earnings at $6.77 EPS and FY2026 earnings at $6.93 EPS.

Innovative Industrial Properties (NYSE:IIPR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.22. The company had revenue of $76.74 million for the quarter, compared to the consensus estimate of $76.21 million. Innovative Industrial Properties had a net margin of 52.40% and a return on equity of 8.39%.

Several other equities research analysts have also weighed in on IIPR. JMP Securities reaffirmed a “market perform” rating on shares of Innovative Industrial Properties in a research report on Monday, December 16th. Roth Mkm cut their price objective on shares of Innovative Industrial Properties from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Piper Sandler dropped their price target on shares of Innovative Industrial Properties from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th. Compass Point decreased their price target on Innovative Industrial Properties from $78.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, BTIG Research lowered shares of Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Innovative Industrial Properties presently has a consensus rating of “Hold” and an average price target of $88.00.

Innovative Industrial Properties Stock Performance

Shares of IIPR stock opened at $63.44 on Monday. The company has a quick ratio of 11.53, a current ratio of 14.32 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $70.42 and a two-hundred day moving average of $97.11. The company has a market cap of $1.80 billion, a P/E ratio of 11.47 and a beta of 1.49. Innovative Industrial Properties has a 52 week low of $61.72 and a 52 week high of $138.35.

Innovative Industrial Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date of this dividend is Monday, March 31st. Innovative Industrial Properties’s payout ratio is presently 137.43%.

Insiders Place Their Bets

In related news, Director David Stecher sold 7,599 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $70.55, for a total value of $536,109.45. Following the completion of the sale, the director now directly owns 1,346 shares in the company, valued at approximately $94,960.30. The trade was a 84.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Innovative Industrial Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC bought a new stake in Innovative Industrial Properties during the 3rd quarter valued at approximately $95,000. Advisors Asset Management Inc. boosted its position in shares of Innovative Industrial Properties by 178.0% in the third quarter. Advisors Asset Management Inc. now owns 1,248 shares of the company’s stock valued at $168,000 after acquiring an additional 799 shares during the period. Intech Investment Management LLC grew its stake in shares of Innovative Industrial Properties by 52.2% in the third quarter. Intech Investment Management LLC now owns 10,250 shares of the company’s stock worth $1,380,000 after acquiring an additional 3,515 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Innovative Industrial Properties by 5.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 30,466 shares of the company’s stock worth $4,101,000 after acquiring an additional 1,628 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Innovative Industrial Properties by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 457,374 shares of the company’s stock valued at $61,563,000 after purchasing an additional 10,711 shares during the last quarter. 70.58% of the stock is owned by institutional investors and hedge funds.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.