Q2 Earnings Forecast for IIPR Issued By Roth Capital

Key Points

• Roth Capital analysts project that Innovative Industrial Properties (IIPR) will report earnings of $1.62 per share for Q2 2025, with a full-year estimate of $8.28 EPS.
• Piper Sandler has lowered its target price on IIPR from $55.00 to $45.00 and assigned an "underweight" rating, while the consensus rating remains a "Hold" with a target price of $78.67.
• The company recently declared a quarterly dividend of $1.90 per share, resulting in an annualized dividend yield of 14.7%, despite a high payout ratio of 146.15%.

Innovative Industrial Properties, Inc. (NYSE:IIPR - Free Report) - Research analysts at Roth Capital issued their Q2 2025 earnings estimates for Innovative Industrial Properties in a research report issued on Tuesday, July 29th. Roth Capital analyst W. Kirk forecasts that the company will post earnings of $1.62 per share 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' Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $6.74 EPS and FY2026 earnings at $6.57 EPS.

Several other analysts also recently weighed in on IIPR. Piper Sandler lowered 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 report on Tuesday, April 15th. Wolfe Research downgraded shares of Innovative Industrial Properties from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Innovative Industrial Properties currently has a consensus rating of "Hold" and an average target price of $78.67.

Innovative Industrial Properties Stock Up 1.1%

Shares of IIPR traded up $0.58 during midday trading on Friday, reaching $52.23. The stock had a trading volume of 97,206 shares, compared to its average volume of 313,614. The company's fifty day simple moving average is $55.43 and its two-hundred day simple moving average is $60.01. Innovative Industrial Properties has a 1-year low of $45.44 and a 1-year high of $138.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 10.73 and a quick ratio of 10.73. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.04 and a beta of 1.65.

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

Innovative Industrial Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 14.6%. The ex-dividend date of this dividend was Monday, June 30th. Innovative Industrial Properties's dividend payout ratio (DPR) is currently 146.15%.

Hedge Funds Weigh In On Innovative Industrial Properties

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Innovative Industrial Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,469,353 shares of the company's stock worth $241,747,000 after acquiring an additional 45,617 shares during the period. Northern Trust Corp grew its stake in Innovative Industrial Properties by 20.6% in the 4th quarter. Northern Trust Corp now owns 435,879 shares of the company's stock valued at $29,047,000 after purchasing an additional 74,342 shares during the period. Dimensional Fund Advisors LP grew its stake in Innovative Industrial Properties by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 342,123 shares of the company's stock valued at $22,799,000 after purchasing an additional 7,272 shares during the period. Norges Bank bought a new position in Innovative Industrial Properties in the 4th quarter valued at $22,635,000. Finally, Invesco Ltd. lifted its position in shares of Innovative Industrial Properties by 16.2% during the 4th quarter. Invesco Ltd. now owns 278,053 shares of the company's stock valued at $18,529,000 after buying an additional 38,832 shares during the last quarter. 70.58% of the stock is owned by 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.