What is Roth Capital's Forecast for IIPR Q3 Earnings?

Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) - Equities researchers at Roth Capital reduced their Q3 2025 earnings per share estimates for shares of Innovative Industrial Properties in a note issued to investors on Monday, March 31st. Roth Capital analyst W. Kirk now expects that the company will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.94. 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' Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $6.96 EPS and FY2026 earnings at $6.56 EPS.

A number of other equities research analysts have also weighed in on the stock. Compass Point reaffirmed a "sell" rating and set a $50.00 target price (down previously from $60.00) on shares of Innovative Industrial Properties in a research note on Monday, March 31st. Industrial Alliance Securities set a $60.00 price target on Innovative Industrial Properties in a research note on Tuesday, March 18th. Roth Mkm decreased their target price 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. Alliance Global Partners cut Innovative Industrial Properties from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 23rd. Finally, Piper Sandler cut their target price on Innovative Industrial Properties from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.00.

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Innovative Industrial Properties Trading Up 2.0 %

NYSE:IIPR traded up $1.05 during trading hours on Wednesday, hitting $53.47. The company had a trading volume of 741,334 shares, compared to its average volume of 259,831. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. The stock has a 50-day moving average price of $68.91 and a 200 day moving average price of $92.64. The company has a market capitalization of $1.51 billion, a PE ratio of 9.67 and a beta of 1.59. Innovative Industrial Properties has a 52 week low of $49.51 and a 52 week high of $138.35.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $2.22 earnings per share for the quarter, hitting 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 analyst estimates of $76.21 million.

Institutional Investors Weigh In On Innovative Industrial Properties

Hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Innovative Industrial Properties in the fourth quarter worth about $1,820,000. Montchanin Asset Management LLC boosted its position in shares of Innovative Industrial Properties by 39.8% in the 4th quarter. Montchanin Asset Management LLC now owns 10,530 shares of the company's stock worth $702,000 after purchasing an additional 3,000 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Innovative Industrial Properties during the 4th quarter worth $34,000. Sunbelt Securities Inc. increased its position in Innovative Industrial Properties by 4.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,854 shares of the company's stock valued at $1,000,000 after buying an additional 604 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Innovative Industrial Properties by 2,683.2% in the fourth 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. Hedge funds and other institutional investors own 70.58% of the company's stock.

Insider Activity at Innovative Industrial Properties

In related 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 value of $536,109.45. Following the completion of the sale, the director now directly owns 1,346 shares in the company, valued at $94,960.30. The trade was a 84.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Innovative Industrial Properties Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $7.60 dividend on an annualized basis and a yield of 14.21%. Innovative Industrial Properties's payout ratio is 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.