Alliance Global Partners Comments on IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) - Alliance Global Partners issued their Q1 2025 earnings per share estimates for Innovative Industrial Properties in a research note issued on Wednesday, March 19th. Alliance Global Partners analyst A. Grey expects that the company will post earnings of $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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.22 EPS for the quarter, meeting the consensus estimate of $2.22. Innovative Industrial Properties had a net margin of 52.40% and a return on equity of 8.39%. The business had revenue of $76.74 million for the quarter, compared to the consensus estimate of $76.21 million.

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

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Innovative Industrial Properties Stock Performance

NYSE:IIPR traded up $0.10 during mid-day trading on Monday, hitting $65.08. The company's stock had a trading volume of 234,908 shares, compared to its average volume of 243,378. The business's fifty day moving average is $70.39 and its two-hundred day moving average is $96.10. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 11.77 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.90 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.60 annualized dividend and a dividend yield of 11.68%. Innovative Industrial Properties's payout ratio is 137.43%.

Insider Activity

In related news, Director David Stecher sold 7,599 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $70.55, for a total value of $536,109.45. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Innovative Industrial Properties

Several large investors have recently modified their holdings of IIPR. Summit Investment Advisors Inc. raised its holdings in Innovative Industrial Properties by 5.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,948 shares of the company's stock valued at $196,000 after buying an additional 160 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Innovative Industrial Properties by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,228 shares of the company's stock worth $288,000 after acquiring an additional 164 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its position in shares of Innovative Industrial Properties by 4.6% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 3,920 shares of the company's stock worth $261,000 after purchasing an additional 172 shares during the period. Avantax Advisory Services Inc. increased its holdings in Innovative Industrial Properties by 2.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,543 shares of the company's stock valued at $636,000 after purchasing an additional 192 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its position in Innovative Industrial Properties by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 4,677 shares of the company's stock valued at $312,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds 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.