What is Roth Capital’s Estimate for IIPR Q3 Earnings?

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Equities researchers at Roth Capital reduced their Q3 2025 EPS estimates for shares of Innovative Industrial Properties in a research report issued on Monday, March 31st. Roth Capital analyst W. Kirk now anticipates that the company will post earnings per share of $1.64 for the quarter, down from their prior forecast of $1.94. The consensus estimate for Innovative Industrial Properties’ current full-year earnings is $8.28 per share. Roth Capital also issued estimates for Innovative Industrial Properties’ Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $6.96 EPS and FY2026 earnings at $6.56 EPS.

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

A number of other research firms have also recently weighed in on IIPR. Industrial Alliance Securities set a $60.00 target price on shares of Innovative Industrial Properties in a research note on Tuesday, March 18th. Alliance Global Partners downgraded shares of Innovative Industrial Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, December 23rd. Compass Point restated a “sell” rating and set a $50.00 target price (down previously from $60.00) on shares of Innovative Industrial Properties in a research report on Monday. Roth Mkm decreased their price target on Innovative Industrial Properties from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Innovative Industrial Properties in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.00.

Innovative Industrial Properties Stock Performance

NYSE IIPR opened at $52.44 on Wednesday. The business’s 50 day moving average price is $69.20 and its 200-day moving average price is $93.48. Innovative Industrial Properties has a fifty-two week low of $49.51 and a fifty-two week high of $138.35. The company has a market cap of $1.49 billion, a P/E ratio of 9.48 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32.

Institutional Trading of Innovative Industrial Properties

A number of institutional investors have recently modified their holdings of IIPR. Summit Investment Advisors Inc. raised its stake in shares of Innovative Industrial Properties by 5.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,948 shares of the company’s stock worth $196,000 after acquiring an additional 160 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Innovative Industrial Properties by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,228 shares of the company’s stock worth $288,000 after buying an additional 164 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its position in Innovative Industrial Properties by 4.6% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 3,920 shares of the company’s stock valued at $261,000 after buying an additional 172 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Innovative Industrial Properties by 2.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,543 shares of the company’s stock valued at $636,000 after buying an additional 192 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in Innovative Industrial Properties by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 4,677 shares of the company’s stock worth $312,000 after acquiring an additional 193 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director David Stecher sold 7,599 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $70.55, for a total transaction of $536,109.45. Following the completion of the sale, the director now directly owns 1,346 shares in the company, valued at $94,960.30. This represents a 84.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Innovative Industrial Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.90 dividend. The ex-dividend date is Monday, March 31st. This represents a $7.60 annualized dividend and a dividend yield of 14.49%. Innovative Industrial Properties’s payout ratio is currently 137.43%.

Innovative Industrial Properties Company Profile

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.