Q1 Earnings Forecast for IIPR Issued By Roth Capital

Key Points

• Roth Capital estimates that Innovative Industrial Properties will earn $1.64 per share for Q1 2026, aligning their forecasts for Q2 to Q4 of the same year at similar earnings per share.
• The company reported a Q1 earnings miss with $1.94 EPS, falling short of the consensus estimate of $2.06, and experienced a 5.7% revenue decline year-over-year.
• Recent analyst ratings include a downgrade from Wolfe Research, while the current consensus rating for the stock is "Hold" with an average target price of $78.67.

Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) - Stock analysts at Roth Capital issued their Q1 2026 earnings per share estimates for shares of Innovative Industrial Properties in a note issued to investors on Tuesday, July 29th. Roth Capital analyst W. Kirk expects that the company will post earnings per share of $1.64 for the quarter. 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 2026 earnings at $1.64 EPS, Q3 2026 earnings at $1.64 EPS and Q4 2026 earnings at $1.65 EPS.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The business had revenue of $71.72 million during the quarter, compared to analysts' expectations of $72.20 million. Innovative Industrial Properties had a return on equity of 8.01% and a net margin of 50.30%. Innovative Industrial Properties's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 EPS.

A number of other equities analysts have also recently commented on IIPR. Wolfe Research cut Innovative Industrial Properties from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Piper Sandler decreased their target price on shares of Innovative Industrial Properties from $55.00 to $45.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $78.67.

Innovative Industrial Properties Trading Down 0.7%

Shares of IIPR traded down $0.38 during trading hours on Thursday, hitting $51.32. The company had a trading volume of 290,640 shares, compared to its average volume of 253,116. The company has a quick ratio of 10.73, a current ratio of 10.73 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average price is $55.51 and its 200 day moving average price is $60.17. The firm has a market cap of $1.44 billion, a P/E ratio of 5.90 and a beta of 1.65. Innovative Industrial Properties has a 52-week low of $45.44 and a 52-week high of $138.35.

Innovative Industrial Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend was Monday, June 30th. Innovative Industrial Properties's dividend payout ratio is presently 146.15%.

Institutional Trading of Innovative Industrial Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Innovative Industrial Properties in the fourth quarter worth about $567,000. American Century Companies Inc. grew its stake in shares of Innovative Industrial Properties by 1.7% in the 4th quarter. American Century Companies Inc. now owns 16,158 shares of the company's stock worth $1,077,000 after buying an additional 270 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Innovative Industrial Properties in the 4th quarter worth approximately $573,000. LPL Financial LLC grew its stake in shares of Innovative Industrial Properties by 30.4% in the 4th quarter. LPL Financial LLC now owns 39,919 shares of the company's stock worth $2,660,000 after buying an additional 9,312 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Innovative Industrial Properties by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,423,736 shares of the company's stock worth $294,798,000 after buying an additional 64,908 shares during the last quarter. 70.58% of the stock is currently owned by hedge funds and other institutional investors.

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.