Analysts Set Expectations for IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Equities research analysts at Alliance Global Partners issued their Q1 2025 earnings per share estimates for Innovative Industrial Properties in a note issued to investors on Wednesday, March 19th. Alliance Global Partners analyst A. Grey expects that the company will post earnings per share of $1.84 for the quarter. Alliance Global Partners 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.

IIPR has been the topic of several other reports. Roth Mkm reduced their target price on Innovative Industrial Properties from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Compass Point reduced their price target on shares of Innovative Industrial Properties from $78.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Industrial Alliance Securities set a $60.00 price target on Innovative Industrial Properties in a research report on Tuesday, March 18th. JMP Securities reiterated a “market perform” rating on shares of Innovative Industrial Properties in a report on Monday, December 16th. Finally, BTIG Research lowered 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 assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.00.

Innovative Industrial Properties Stock Down 2.3 %

Shares of NYSE:IIPR opened at $64.76 on Monday. The stock’s 50-day moving average is $70.41 and its 200 day moving average is $96.32. The company has a market cap of $1.83 billion, a PE ratio of 11.71 and a beta of 1.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. Innovative Industrial Properties has a 1 year low of $61.72 and a 1 year high of $138.35.

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

Innovative Industrial Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date is Monday, March 31st. Innovative Industrial Properties’s payout ratio is 137.43%.

Insider Activity at Innovative Industrial Properties

In other news, Director David Stecher sold 7,599 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $70.55, for a total value of $536,109.45. Following the transaction, the director now owns 1,346 shares in the company, valued at approximately $94,960.30. This represents a 84.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Innovative Industrial Properties

A number of hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in Innovative Industrial Properties during the 4th quarter valued at $27,000. Compass Financial Services Inc bought a new position in shares of Innovative Industrial Properties during the fourth quarter valued at $32,000. GF Fund Management CO. LTD. purchased a new stake in shares of Innovative Industrial Properties during the fourth quarter valued at $34,000. Smartleaf Asset Management LLC increased its holdings in Innovative Industrial Properties by 182.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 646 shares of the company’s stock worth $43,000 after buying an additional 417 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Innovative Industrial Properties in the 4th quarter worth about $50,000. 70.58% of the stock is currently owned by hedge funds and other institutional investors.

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.