Equities Analysts Offer Predictions for IIPR Q2 Earnings

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) - Analysts at Roth Capital issued their Q2 2025 EPS estimates for Innovative Industrial Properties in a report released on Tuesday, July 29th. Roth Capital analyst W. Kirk expects 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.

Innovative Industrial Properties (NYSE:IIPR - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $72.20 million. During the same quarter in the previous year, the firm posted $2.21 earnings per share. The company's revenue for the quarter was down 5.7% on a year-over-year basis.

Other equities research analysts have also issued research reports about the stock. Piper Sandler reduced their price objective on shares of 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. Wolfe Research lowered shares of Innovative Industrial Properties from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have given 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, the stock has a consensus rating of "Hold" and a consensus price target of $78.67.

Innovative Industrial Properties Stock Down 0.7%

Shares of NYSE:IIPR traded down $0.38 during trading on Friday, reaching $51.32. 290,640 shares of the company traded hands, compared to its average volume of 253,116. The firm has a fifty day simple moving average of $55.51 and a 200 day simple moving average of $60.17. The firm has a market cap of $1.44 billion, a P/E ratio of 9.87 and a beta of 1.65. Innovative Industrial Properties has a 1-year low of $45.44 and a 1-year high of $138.35. The company has a quick ratio of 10.73, a current ratio of 10.73 and a debt-to-equity ratio of 0.15.

Institutional Trading of Innovative Industrial Properties

Several hedge funds have recently modified their holdings of IIPR. Flaharty Asset Management LLC acquired a new position in Innovative Industrial Properties in the first quarter valued at approximately $27,000. AdvisorNet Financial Inc lifted its holdings in Innovative Industrial Properties by 50.3% in the second quarter. AdvisorNet Financial Inc now owns 559 shares of the company's stock valued at $31,000 after buying an additional 187 shares during the period. PSI Advisors LLC lifted its holdings in Innovative Industrial Properties by 454.5% in the first quarter. PSI Advisors LLC now owns 610 shares of the company's stock valued at $33,000 after buying an additional 500 shares during the period. SSA Swiss Advisors AG acquired a new position in Innovative Industrial Properties in the first quarter valued at approximately $33,000. Finally, GF Fund Management CO. LTD. acquired a new position in Innovative Industrial Properties in the fourth quarter valued at approximately $34,000. 70.58% of the stock is owned by institutional investors.

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 paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend was Monday, June 30th. Innovative Industrial Properties's dividend payout ratio is 146.15%.

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.