Dimensional Fund Advisors LP Grows Stock Holdings in Innovative Industrial Properties, Inc. $IIPR

Posted by George Bondi on Aug 8th, 2026

Dimensional Fund Advisors LP lifted its position in Innovative Industrial Properties, Inc. (NYSE:IIPR – Free Report) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 366,811 shares of the company’s stock after buying an additional 16,444 shares during the period. Dimensional Fund Advisors LP’s holdings in Innovative Industrial Properties were worth $18,399,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Innovative Industrial Properties during the 4th quarter valued at $25,000. Advisory Services Network LLC purchased a new stake in Innovative Industrial Properties in the third quarter valued at about $34,000. Los Angeles Capital Management LLC purchased a new stake in Innovative Industrial Properties in the fourth quarter valued at about $35,000. Headlands Technologies LLC boosted its holdings in Innovative Industrial Properties by 109.4% in the second quarter. Headlands Technologies LLC now owns 758 shares of the company’s stock worth $42,000 after acquiring an additional 396 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Innovative Industrial Properties by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 819 shares of the company’s stock worth $39,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 70.58% of the company’s stock.

Innovative Industrial Properties Stock Up 1.4%

Innovative Industrial Properties stock opened at $59.14 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 6.06 and a current ratio of 24.51. The business’s 50-day simple moving average is $61.05 and its two-hundred day simple moving average is $55.25. The company has a market cap of $1.63 billion, a PE ratio of 13.41 and a beta of 1.38. Innovative Industrial Properties, Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $65.38.

Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.34. Innovative Industrial Properties had a return on equity of 7.73% and a net margin of 52.27%.The firm had revenue of $63.31 million during the quarter, compared to analysts’ expectations of $67.09 million. Equities analysts anticipate that Innovative Industrial Properties, Inc. will post 6.97 EPS for the current year.

Innovative Industrial Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 12.9%. The ex-dividend date was Tuesday, June 30th. Innovative Industrial Properties’s dividend payout ratio is 172.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IIPR shares. Weiss Ratings upgraded shares of Innovative Industrial Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Zacks Research downgraded shares of Innovative Industrial Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Piper Sandler upped their price target on shares of Innovative Industrial Properties from $45.00 to $51.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $48.00.

Read Our Latest Analysis on Innovative Industrial Properties

About Innovative Industrial Properties

(Free Report)

Innovative Industrial Properties, Inc is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators in the regulated U.S. cannabis industry. The company’s portfolio includes greenhouse facilities, indoor cultivation sites, processing and distribution centers, and other purpose-built properties designed to meet stringent regulatory and operational requirements. By structuring long-term net leases, Innovative Industrial Properties provides its tenants with capital to expand and modernize their operations while maintaining stable, predictable rental income streams.

Founded in 2016 and headquartered in San Diego, California, Innovative Industrial Properties was the first publicly traded REIT in the medical-cannabis sector.