Innovative Industrial Properties (IIPR) Expected to Announce Earnings on Monday

Innovative Industrial Properties (NYSE:IIPR) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Monday, August 4th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $64.36 million for the quarter.

Innovative Industrial Properties (NYSE:IIPR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.12). The company had revenue of $71.72 million during the quarter, compared to analyst estimates of $72.20 million. Innovative Industrial Properties had a net margin of 50.30% and a return on equity of 8.01%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. 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 Trading Down 0.2%

NYSE IIPR opened at $53.55 on Monday. The company has a market cap of $1.50 billion, a PE ratio of 10.30 and a beta of 1.69. The company has a current ratio of 10.73, a quick ratio of 10.73 and a debt-to-equity ratio of 0.15. Innovative Industrial Properties has a 12 month low of $45.44 and a 12 month high of $138.35. The stock has a 50 day moving average of $55.88 and a 200-day moving average of $60.58.

Innovative Industrial Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 14.19%. The ex-dividend date was Monday, June 30th. Innovative Industrial Properties’s dividend payout ratio is 146.15%.

Analyst Upgrades and Downgrades

IIPR has been the subject of several research reports. Piper Sandler cut their price target on Innovative Industrial Properties from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday, April 15th. Wolfe Research downgraded Innovative Industrial Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 2nd. Industrial Alliance Securities reaffirmed a “neutral” rating on shares of Innovative Industrial Properties in a report on Tuesday, April 1st. Finally, Compass Point reaffirmed a “sell” rating and set a $50.00 price target (down previously from $60.00) on shares of Innovative Industrial Properties in a report on Monday, March 31st. Two investment 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. Based on data from MarketBeat.com, Innovative Industrial Properties currently has a consensus rating of “Hold” and an average target price of $78.67.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IIPR. Royal Bank of Canada increased its position in Innovative Industrial Properties by 34.4% during the 1st quarter. Royal Bank of Canada now owns 14,318 shares of the company’s stock worth $773,000 after buying an additional 3,667 shares during the period. Amundi increased its position in Innovative Industrial Properties by 3.4% during 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 period. AQR Capital Management LLC bought a new position in Innovative Industrial Properties during the 1st quarter worth $1,470,000. Millennium Management LLC increased its position in Innovative Industrial Properties by 1,131.0% during the 1st quarter. Millennium Management LLC now owns 157,509 shares of the company’s stock worth $8,520,000 after buying an additional 144,714 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Innovative Industrial Properties by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 211,365 shares of the company’s stock worth $11,433,000 after buying an additional 13,291 shares during the period. Institutional investors own 70.58% of the company’s stock.

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.