Equities Analysts Offer Predictions for IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Equities researchers at Alliance Global Partners issued their Q1 2025 earnings per share estimates for Innovative Industrial Properties in a research report issued to clients and investors on Wednesday, March 19th. Alliance Global Partners analyst A. Grey forecasts that the company will earn $1.84 per share 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.

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

Innovative Industrial Properties Stock Performance

Shares of NYSE:IIPR opened at $66.32 on Monday. The firm has a fifty day simple moving average of $70.44 and a two-hundred day simple moving average of $96.71. Innovative Industrial Properties has a 52 week low of $61.72 and a 52 week high of $138.35. 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 stock has a market capitalization of $1.88 billion, a P/E ratio of 11.99 and a beta of 1.49.

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

Innovative Industrial Properties Dividend Announcement

The business 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 annualized dividend and a yield of 11.46%. The ex-dividend date is Monday, March 31st. Innovative Industrial Properties’s dividend payout ratio is presently 137.43%.

Insider Activity at Innovative Industrial Properties

In other Innovative Industrial Properties news, Director David Stecher sold 7,599 shares of Innovative Industrial Properties 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 of the company’s stock, valued at $94,960.30. The trade was a 84.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Innovative Industrial Properties

Several institutional investors have recently made changes to their positions in IIPR. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Innovative Industrial Properties during the 4th quarter worth about $1,820,000. Montchanin Asset Management LLC lifted its position in shares of Innovative Industrial Properties by 39.8% in the 4th quarter. Montchanin Asset Management LLC now owns 10,530 shares of the company’s stock worth $702,000 after purchasing an additional 3,000 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Innovative Industrial Properties during the fourth quarter valued at approximately $34,000. Sunbelt Securities Inc. increased its holdings in Innovative Industrial Properties by 4.2% during the fourth quarter. Sunbelt Securities Inc. now owns 14,854 shares of the company’s stock valued at $1,000,000 after buying an additional 604 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in Innovative Industrial Properties by 2,683.2% in the fourth quarter. Voloridge Investment Management LLC now owns 97,494 shares of the company’s stock worth $6,497,000 after buying an additional 93,991 shares in the last quarter. Hedge funds and other institutional investors own 70.58% of the company’s stock.

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.