Innovative Industrial Properties (IIPR) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Innovative Industrial Properties (NYSE: IIPR) recently:

• 3/31/2025 – Innovative Industrial Properties had its price target lowered by analysts at Piper Sandler from $60.00 to $55.00. They now have an “underweight” rating on the stock.
• 3/31/2025 – Innovative Industrial Properties had its “sell” rating reaffirmed by analysts at Compass Point. They now have a $50.00 price target on the stock, down previously from $60.00.
• 3/18/2025 – Innovative Industrial Properties was given a new $60.00 price target on by analysts at Industrial Alliance Securities.
• 3/18/2025 – Innovative Industrial Properties had its price target lowered by analysts at Compass Point from $78.00 to $60.00. They now have a “neutral” rating on the stock.
• 3/17/2025 – Innovative Industrial Properties had its price target lowered by analysts at Piper Sandler from $70.00 to $60.00. They now have an “underweight” rating on the stock.
• 2/21/2025 – Innovative Industrial Properties had its price target lowered by analysts at Roth Mkm from $140.00 to $130.00. They now have a “buy” rating on the stock.

Innovative Industrial Properties Stock Up 3.4 %

IIPR opened at $55.94 on Wednesday. The business’s fifty day simple moving average is $69.70 and its 200 day simple moving average is $94.03. Innovative Industrial Properties, Inc. has a 52 week low of $49.51 and a 52 week high of $138.35. 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 stock has a market cap of $1.58 billion, a PE ratio of 10.12 and a beta of 1.49.

Innovative Industrial Properties (NYSE:IIPR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.22. The company had revenue of $76.74 million for the quarter, compared to analysts’ expectations of $76.21 million. Innovative Industrial Properties had a return on equity of 8.39% and a net margin of 52.40%. As a group, research analysts expect that Innovative Industrial Properties, Inc. will post 8.28 earnings per share for the current fiscal year.

Innovative Industrial Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.90 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 13.59%. Innovative Industrial Properties’s dividend payout ratio (DPR) is 137.43%.

Insider Activity

In related news, Director David Stecher sold 7,599 shares of the 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 completion of the sale, the director now directly owns 1,346 shares in the company, valued at $94,960.30. This represents a 84.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Innovative Industrial Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new position in shares of Innovative Industrial Properties in the fourth quarter worth $27,000. Compass Financial Services Inc purchased a new position in shares of Innovative Industrial Properties in the fourth quarter valued at about $32,000. GF Fund Management CO. LTD. bought a new position in shares of Innovative Industrial Properties during the fourth quarter valued at about $34,000. Smartleaf Asset Management LLC boosted its holdings in shares of Innovative Industrial Properties by 182.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 646 shares of the company’s stock worth $43,000 after purchasing an additional 417 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Innovative Industrial Properties in the fourth quarter worth about $50,000. Institutional investors own 70.58% of the company’s stock.

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.