Alliance Global Partners Predicts IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Stock analysts at Alliance Global Partners issued their Q1 2025 EPS estimates for Innovative Industrial Properties in a research report issued on Wednesday, March 19th. Alliance Global Partners analyst A. Grey expects 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 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 net margin of 52.40% and a return on equity of 8.39%. The company had revenue of $76.74 million during the quarter, compared to analysts’ expectations of $76.21 million.

A number of other equities research analysts have also recently commented on the company. BTIG Research cut Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd. Compass Point decreased their price objective on shares of Innovative Industrial Properties from $78.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Piper Sandler lowered their target price on shares of Innovative Industrial Properties from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. JMP Securities restated a “market perform” rating on shares of Innovative Industrial Properties in a research note on Monday, December 16th. Finally, Roth Mkm lowered their price objective on shares of 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.00.

Innovative Industrial Properties Stock Performance

Shares of IIPR opened at $66.32 on Monday. The company has a current ratio of 14.32, a quick ratio of 11.53 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.88 billion, a PE ratio of 11.99 and a beta of 1.49. Innovative Industrial Properties has a 12 month low of $61.72 and a 12 month high of $138.35. The stock has a fifty day moving average price of $70.44 and a 200-day moving average price of $96.71.

Institutional Trading of Innovative Industrial Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new stake in Innovative Industrial Properties in the 4th quarter worth approximately $27,000. Compass Financial Services Inc acquired a new position in shares of Innovative Industrial Properties in the 4th quarter valued at $32,000. GF Fund Management CO. LTD. purchased a new stake in Innovative Industrial Properties during the fourth quarter worth $34,000. Smartleaf Asset Management LLC grew its position in Innovative Industrial Properties by 182.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 646 shares of the company’s stock valued at $43,000 after buying an additional 417 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Innovative Industrial Properties during the fourth quarter valued at $50,000. 70.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 dated 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 transaction, the director now owns 1,346 shares in the company, valued at approximately $94,960.30. This trade represents a 84.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Innovative Industrial Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 11.46%. The ex-dividend date is Monday, March 31st. Innovative Industrial Properties’s dividend payout ratio is presently 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.