Roth Capital Has Negative Outlook for IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) - Analysts at Roth Capital dropped their Q1 2025 EPS estimates for shares of Innovative Industrial Properties in a report released on Monday, March 31st. Roth Capital analyst W. Kirk now expects that the company will post earnings of $1.91 per share for the quarter, down from their prior 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.22 EPS for the quarter, hitting 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 firm had revenue of $76.74 million for the quarter, compared to analysts' expectations of $76.21 million.

Several other research analysts have also recently issued reports on IIPR. JMP Securities reaffirmed a "market perform" rating on shares of Innovative Industrial Properties in a report on Monday, December 16th. Compass Point reaffirmed a "sell" rating and set a $50.00 target price (down from $60.00) on shares of Innovative Industrial Properties in a report on Monday, March 31st. BTIG Research cut Innovative Industrial Properties from a "buy" rating to a "neutral" rating in a research note on Monday, December 23rd. Roth Mkm reduced 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. Finally, Alliance Global Partners downgraded shares of Innovative Industrial Properties from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Innovative Industrial Properties presently has a consensus rating of "Hold" and a consensus target price of $85.00.

Innovative Industrial Properties Price Performance

IIPR stock traded up $1.05 on Tuesday, hitting $53.47. 741,334 shares of the company's stock traded hands, compared to its average volume of 259,831. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 9.67 and a beta of 1.59. Innovative Industrial Properties has a 1-year low of $49.51 and a 1-year high of $138.35. 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 stock has a fifty day moving average of $68.91 and a 200-day moving average of $92.64.

Institutional Inflows and Outflows

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

Insider Activity at Innovative Industrial Properties

In other Innovative Industrial Properties news, Director David Stecher sold 7,599 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $70.55, for a total transaction of $536,109.45. Following the transaction, the director now directly owns 1,346 shares of the company's stock, valued at $94,960.30. This represents a 84.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Innovative Industrial Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 14.21%. The ex-dividend date is Monday, March 31st. Innovative Industrial Properties's payout ratio is presently 137.43%.

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.