Roth Capital Has Pessimistic Outlook of IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Stock analysts at Roth Capital lowered their Q1 2025 earnings per share (EPS) estimates for Innovative Industrial Properties in a research note issued to investors on Monday, March 31st. Roth Capital analyst W. Kirk now anticipates that the company will post earnings per share of $1.91 for the quarter, down from their previous estimate 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.

Innovative Industrial Properties (NYSE:IIPR) last issued its quarterly earnings results 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 the consensus estimate of $76.21 million. Innovative Industrial Properties had a return on equity of 8.39% and a net margin of 52.40%.

Several other research firms have also recently issued reports on IIPR. JMP Securities reaffirmed a “market perform” rating on shares of Innovative Industrial Properties in a research report on Monday, December 16th. BTIG Research downgraded shares of Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a research report on Monday, December 23rd. Compass Point reaffirmed a “sell” rating and issued a $50.00 target price (down from $60.00) on shares of Innovative Industrial Properties in a research report on Monday. Industrial Alliance Securities set a $60.00 price target on shares of Innovative Industrial Properties in a research report on Tuesday, March 18th. Finally, Alliance Global Partners lowered Innovative Industrial Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, December 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Innovative Industrial Properties has a consensus rating of “Hold” and an average price target of $85.00.

Innovative Industrial Properties Stock Down 15.2 %

IIPR stock opened at $54.08 on Tuesday. The company’s 50 day moving average price is $69.98 and its 200 day moving average price is $94.55. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.78 and a beta of 1.49. 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 debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32.

Institutional Investors Weigh In On Innovative Industrial Properties

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in shares of Innovative Industrial Properties during the 4th quarter worth approximately $42,006,000. Norges Bank purchased a new position in Innovative Industrial Properties in the fourth quarter worth $22,635,000. Wellington Management Group LLP lifted its holdings in Innovative Industrial Properties by 48.6% in the third quarter. Wellington Management Group LLP now owns 568,280 shares of the company’s stock valued at $76,490,000 after acquiring an additional 185,855 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Innovative Industrial Properties during the 4th quarter worth $9,615,000. Finally, Voloridge Investment Management LLC boosted its position in shares of Innovative Industrial Properties by 2,683.2% during the 4th quarter. Voloridge Investment Management LLC now owns 97,494 shares of the company’s stock worth $6,497,000 after purchasing an additional 93,991 shares in the last quarter. Institutional investors and hedge funds own 70.58% of the company’s stock.

Insider Activity

In other news, Director David Stecher sold 7,599 shares of Innovative Industrial Properties stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $70.55, for a total value of $536,109.45. Following the sale, the director now owns 1,346 shares of the company’s stock, valued at $94,960.30. The trade was a 84.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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 issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 14.05%. The ex-dividend date of this dividend is Monday, March 31st. Innovative Industrial Properties’s dividend 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.