2 weeks Ago By ABMN Staff
Innovative Industrial Properties, Inc. ( NYSE:IIPR – Free Report ) – Equities research analysts at Roth Capital issued their FY2024 EPS estimates for Innovative Industrial Properties in a report released on Monday, November 11th. Roth Capital analyst W.
Kirk expects that the company will post earnings of $8.36 per share for the year. Roth Capital has a “Strong-Buy” rating on the stock.
The consensus estimate for Innovative Industrial Properties’ current full-year earnings is $8.40 per share. Roth Capital also issued estimates for Innovative Industrial Properties’ Q4 2024 earnings at $2.
07 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $2.15 EPS, Q3 2025 earnings at $2.
16 EPS, Q4 2025 earnings at $2.16 EPS and FY2025 earnings at $8.57 EPS.
A number of other analysts have also issued reports on IIPR. Wolfe Research raised shares of Innovative Industrial Properties to a “hold” rating in a research note on Monday, September 23rd. Piper Sandler dropped their target price on shares of Innovative Industrial Properties from $120.
00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Compass Point upgraded Innovative Industrial Properties from a “neutral” rating to a “buy” rating and set a $125.
00 price target for the company in a report on Friday, November 8th. Finally, Roth Mkm lifted their price objective on Innovative Industrial Properties from $115.00 to $140.
00 and gave the company a “buy” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.67. Innovative Industrial Properties Price Performance IIPR opened at $103.
56 on Wednesday. The business has a fifty day moving average of $128.67 and a 200 day moving average of $118.
63. The stock has a market cap of $2.93 billion, a P/E ratio of 18.
41 and a beta of 1.37. The company has a quick ratio of 11.
53, a current ratio of 11.53 and a debt-to-equity ratio of 0.15.
Innovative Industrial Properties has a 52-week low of $77.88 and a 52-week high of $138.35.
Innovative Industrial Properties ( NYSE:IIPR – Get Free Report ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.
13 by ($0.76). Innovative Industrial Properties had a return on equity of 8.
44% and a net margin of 52.51%. The firm had revenue of $76.
53 million during the quarter, compared to the consensus estimate of $77.30 million. During the same period in the previous year, the business earned $2.
29 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis.
Innovative Industrial Properties Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.90 dividend.
This represents a $7.60 annualized dividend and a dividend yield of 7.34%.
The ex-dividend date was Monday, September 30th. Innovative Industrial Properties’s payout ratio is 135.23%.
Institutional Investors Weigh In On Innovative Industrial Properties A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Innovative Industrial Properties by 17.1% in the first quarter.
BNP Paribas Financial Markets now owns 14,397 shares of the company’s stock valued at $1,491,000 after acquiring an additional 2,098 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Innovative Industrial Properties by 1.4% during the 1st quarter.
Texas Permanent School Fund Corp now owns 24,540 shares of the company’s stock valued at $2,541,000 after buying an additional 328 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Innovative Industrial Properties by 75.7% in the 1st quarter.
SG Americas Securities LLC now owns 19,573 shares of the company’s stock valued at $2,027,000 after purchasing an additional 8,436 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Innovative Industrial Properties during the 1st quarter worth approximately $387,000.
Finally, Russell Investments Group Ltd. increased its stake in Innovative Industrial Properties by 253.7% during the 1st quarter.
Russell Investments Group Ltd. now owns 44,038 shares of the company’s stock valued at $4,560,000 after purchasing an additional 31,587 shares in the last quarter. 70.
58% of the stock is currently owned by hedge funds and other institutional investors. Innovative Industrial Properties Company Profile ( Get Free Report ) 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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