Innovative Industrial Properties (NYSE:IIPR – Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $2.17 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($0.74). The company had revenue of $75.45 million for the quarter, compared to analyst estimates of $79.65 million. Innovative Industrial Properties had a return on equity of 8.46% and a net margin of 53.07%. 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 Stock Down 3.2 %
IIPR stock opened at $117.71 on Friday. The company’s 50 day simple moving average is $112.19 and its 200-day simple moving average is $103.46. The firm has a market capitalization of $3.33 billion, a PE ratio of 20.65 and a beta of 1.37. Innovative Industrial Properties has a 12 month low of $69.08 and a 12 month high of $125.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 14.27 and a quick ratio of 14.27.
Innovative Industrial Properties Increases Dividend
Wall Street Analysts Forecast Growth
Separately, Roth Mkm increased their price target on shares of Innovative Industrial Properties from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.67.
Check Out Our Latest Report on IIPR
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.
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