Innovative Industrial Properties (IIPR) Projected to Post Earnings on Monday

Key Points

• Innovative Industrial Properties is expected to announce its Q2 2025 earnings on August 4th, with analysts predicting earnings of $1.68 per share and revenue of $64.36 million.
• The company recently declared a quarterly dividend of $1.90, representing an annualized amount of $7.60 and a dividend yield of 14.19%, with a payout ratio of 146.15%.
• Analysts have mixed ratings for the stock, with a consensus rating of "Hold" and an average price target of $78.67, amidst recent downgrades from several research firms.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) will likely be announcing its Q2 2025 earnings results before the market opens on Monday, August 4th. Analysts expect Innovative Industrial Properties to post earnings of $1.68 per share and revenue of $64.36 million for the quarter.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). Innovative Industrial Properties had a return on equity of 8.01% and a net margin of 50.30%. The firm had revenue of $71.72 million for the quarter, compared to the consensus estimate of $72.20 million. During the same quarter last year, the firm posted $2.21 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect Innovative Industrial Properties to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Innovative Industrial Properties Stock Down 1.0%

Shares of IIPR traded down $0.51 during trading hours on Thursday, reaching $51.68. 166,637 shares of the stock traded hands, compared to its average volume of 315,246. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 9.92 and a beta of 1.69. Innovative Industrial Properties has a 52 week low of $45.44 and a 52 week high of $138.35. The company has a current ratio of 10.73, a quick ratio of 10.73 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $55.73 and a 200 day simple moving average of $60.46.

Innovative Industrial Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 14.71%. The ex-dividend date was Monday, June 30th. Innovative Industrial Properties's dividend payout ratio is presently 146.15%.

Institutional Trading of Innovative Industrial Properties

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Innovative Industrial Properties by 34.4% in the first quarter. Royal Bank of Canada now owns 14,318 shares of the company's stock valued at $773,000 after buying an additional 3,667 shares in the last quarter. Amundi boosted its holdings in shares of Innovative Industrial Properties by 3.4% in the 1st quarter. Amundi now owns 15,766 shares of the company's stock worth $826,000 after buying an additional 523 shares during the last quarter. AQR Capital Management LLC purchased a new position in Innovative Industrial Properties in the first quarter valued at approximately $1,470,000. Millennium Management LLC raised its stake in Innovative Industrial Properties by 1,131.0% in the 1st quarter. Millennium Management LLC now owns 157,509 shares of the company's stock valued at $8,520,000 after acquiring an additional 144,714 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Innovative Industrial Properties by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 211,365 shares of the company's stock valued at $11,433,000 after buying an additional 13,291 shares in the last quarter. Institutional investors and hedge funds own 70.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IIPR. Piper Sandler dropped 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 report on Tuesday, April 15th. Wolfe Research cut Innovative Industrial Properties from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Innovative Industrial Properties presently has a consensus rating of "Hold" and an average price target of $78.67.

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.