Roth Capital Has Pessimistic Outlook of IIPR Q1 Earnings

Innovative Industrial Properties, Inc. (NYSE:IIPR) – Roth Capital reduced their Q1 2025 earnings estimates for Innovative Industrial Properties in a research report issued to clients and investors on Monday, March 31st. Roth Capital analyst W. Kirk now expects that the company will earn $1.91 per share for the quarter, down from their previous forecast 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.

Several other research analysts have also weighed in on IIPR. JMP Securities reissued a “market perform” rating on shares of Innovative Industrial Properties in a research report on Monday, December 16th. Compass Point reiterated a “sell” rating and issued a $50.00 price objective (down from $60.00) on shares of Innovative Industrial Properties in a report on Monday. BTIG Research lowered Innovative Industrial Properties from a “buy” rating to a “neutral” rating in a report on Monday, December 23rd. Roth Mkm cut 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 report on Friday, February 21st. Finally, Industrial Alliance Securities set a $60.00 price objective on shares of Innovative Industrial Properties in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.00.

Innovative Industrial Properties Stock Performance

IIPR opened at $55.94 on Tuesday. The business has a fifty day simple moving average of $69.70 and a 200-day simple moving average of $94.03. The firm has a market cap of $1.58 billion, a PE ratio of 10.12 and a beta of 1.49. The company has a quick ratio of 11.53, a current ratio of 14.32 and a debt-to-equity ratio of 0.16. Innovative Industrial Properties has a fifty-two week low of $49.51 and a fifty-two week high of $138.35.

Innovative Industrial Properties (NYSE:IIPR) last issued its quarterly 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 return on equity of 8.39% and a net margin of 52.40%. The company had revenue of $76.74 million for the quarter, compared to analysts’ expectations of $76.21 million.

Hedge Funds Weigh In On Innovative Industrial Properties

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

Insider Transactions at Innovative Industrial Properties

In related news, Director David Stecher sold 7,599 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $70.55, for a total value of $536,109.45. Following the completion of the transaction, the director now owns 1,346 shares in the company, valued at $94,960.30. The trade was a 84.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Innovative Industrial Properties Announces Dividend

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 paid a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 13.59%. The ex-dividend date is Monday, March 31st. Innovative Industrial Properties’s dividend payout ratio is 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.