Innovative Industrial Properties (IIPR) to Release Quarterly Earnings on Wednesday

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Innovative Industrial Properties to post earnings of $2.06 per share and revenue of $72.20 million for the quarter.

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, 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 business had revenue of $76.74 million during the quarter, compared to the consensus estimate of $76.21 million. 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 Performance

NYSE IIPR opened at $51.53 on Wednesday. The company has a quick ratio of 11.53, a current ratio of 14.32 and a debt-to-equity ratio of 0.16. The business's 50-day moving average price is $60.80 and its 200 day moving average price is $82.12. Innovative Industrial Properties has a 52-week low of $45.44 and a 52-week high of $138.35. The firm has a market cap of $1.46 billion, a P/E ratio of 9.31 and a beta of 1.59.

Innovative Industrial Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date of this dividend was Monday, March 31st. Innovative Industrial Properties's dividend payout ratio is currently 137.43%.

Insider Transactions 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 transaction of $536,109.45. Following the sale, the director now directly owns 1,346 shares of the company's stock, valued at $94,960.30. This trade represents a 84.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on IIPR. Piper Sandler dropped their target price on Innovative Industrial Properties from $55.00 to $45.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Compass Point reissued a "sell" rating and issued a $50.00 price target (down previously from $60.00) on shares of Innovative Industrial Properties in a report on Monday, March 31st. Wolfe Research initiated coverage on Innovative Industrial Properties in a research note on Wednesday, April 23rd. They set an "outperform" rating and a $57.00 target price for the company. Industrial Alliance Securities reiterated a "neutral" rating on shares of Innovative Industrial Properties in a research note on Tuesday, April 1st. Finally, Roth Mkm decreased their price target on shares of Innovative Industrial Properties from $140.00 to $130.00 and set a "buy" rating for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $78.67.

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.

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