Alliance Global Partners Comments on IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Stock analysts at Alliance Global Partners issued their Q1 2025 earnings estimates for Innovative Industrial Properties in a research report issued to clients and investors on Wednesday, March 19th. Alliance Global Partners analyst A. Grey anticipates that the company will post earnings per share of $1.84 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.

Several other analysts also recently commented on the stock. Industrial Alliance Securities set a $60.00 price objective on shares of Innovative Industrial Properties in a research report on Tuesday, March 18th. Compass Point reduced their price target on shares of Innovative Industrial Properties from $78.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Piper Sandler dropped their price objective on shares of Innovative Industrial Properties from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, March 17th. JMP Securities restated a “market perform” rating on shares of Innovative Industrial Properties in a research note on Monday, December 16th. Finally, BTIG Research lowered Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Innovative Industrial Properties has an average rating of “Hold” and an average price target of $88.00.

Innovative Industrial Properties Trading Down 2.3 %

NYSE IIPR opened at $64.76 on Monday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 11.71 and a beta of 1.49. The business has a 50 day simple moving average of $70.41 and a 200 day simple moving average of $96.32. 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 one year low of $61.72 and a one year high of $138.35.

Innovative Industrial Properties (NYSE:IIPR) last released its earnings results on Wednesday, February 19th. The company reported $2.22 earnings per share (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 analyst estimates of $76.21 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in Innovative Industrial Properties in the 4th quarter valued at about $27,000. Compass Financial Services Inc bought a new position in shares of Innovative Industrial Properties in the fourth quarter valued at approximately $32,000. GF Fund Management CO. LTD. purchased a new stake in shares of Innovative Industrial Properties during the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in Innovative Industrial Properties by 182.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 646 shares of the company’s stock worth $43,000 after acquiring an additional 417 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Innovative Industrial Properties in the fourth quarter worth $50,000. 70.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Innovative Industrial Properties news, Director David Stecher sold 7,599 shares of the firm’s 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 directly owns 1,346 shares in the company, valued at approximately $94,960.30. This trade represents a 84.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Innovative Industrial Properties Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 11.74%. Innovative Industrial Properties’s dividend 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.