Roth Capital Analysts Decrease Earnings Estimates for IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Roth Capital dropped their Q1 2025 earnings per share (EPS) estimates for Innovative Industrial Properties in a research report issued to clients and investors on Monday, March 31st. Roth Capital analyst W. Kirk now expects that the company will post earnings per share of $1.91 for the quarter, down from their previous forecast of $1.93. 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’ Q2 2025 earnings at $1.76 EPS.

IIPR has been the topic of a number of other research reports. Roth Mkm dropped their price target on shares of 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. Piper Sandler dropped their target price on shares of Innovative Industrial Properties from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday. JMP Securities restated a “market perform” rating on shares of Innovative Industrial Properties in a research report on Monday, December 16th. Compass Point reiterated a “sell” rating and issued a $50.00 price objective (down from $60.00) on shares of Innovative Industrial Properties in a report on Monday. Finally, BTIG Research cut Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a report on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.00.

Innovative Industrial Properties Stock Performance

Shares of IIPR stock opened at $54.08 on Tuesday. The company has a current ratio of 14.32, a quick ratio of 11.53 and a debt-to-equity ratio of 0.16. Innovative Industrial Properties has a 12-month low of $49.51 and a 12-month high of $138.35. The business’s 50 day moving average is $69.98 and its two-hundred day moving average is $94.55. The company has a market capitalization of $1.53 billion, a P/E ratio of 9.78 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 for the quarter, compared to analysts’ expectations of $76.21 million.

Innovative Industrial Properties Announces Dividend

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 issued a $1.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.60 annualized dividend and a dividend yield of 14.05%. Innovative Industrial Properties’s dividend payout ratio is presently 137.43%.

Insiders Place Their Bets

In other 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 transaction, the director now owns 1,346 shares in the company, valued at $94,960.30. The trade was a 84.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Innovative Industrial Properties by 17.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 237,206 shares of the company’s stock valued at $31,928,000 after purchasing an additional 35,269 shares during the last quarter. Barclays PLC lifted its position in Innovative Industrial Properties by 187.5% in the third quarter. Barclays PLC now owns 47,988 shares of the company’s stock valued at $6,459,000 after buying an additional 31,295 shares during the last quarter. Geode Capital Management LLC boosted its stake in Innovative Industrial Properties by 31.9% during the third quarter. Geode Capital Management LLC now owns 52,872 shares of the company’s stock worth $7,133,000 after buying an additional 12,791 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Innovative Industrial Properties by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,553 shares of the company’s stock valued at $30,958,000 after acquiring an additional 7,179 shares during the period. Finally, TCW Group Inc. acquired a new position in shares of Innovative Industrial Properties in the 3rd quarter worth approximately $2,572,000. 70.58% of the stock is currently 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.