Quantbot Technologies LP Invests $553,000 in Innovative Industrial Properties, Inc. $IIPR

Posted by George Bondi on Aug 28th, 2026

Quantbot Technologies LP purchased a new stake in Innovative Industrial Properties, Inc. (NYSE:IIPR – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,925 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Innovative Industrial Properties by 34.4% in the first quarter. Royal Bank of Canada now owns 14,318 shares of the company’s stock worth $773,000 after acquiring an additional 3,667 shares in the last quarter. Amundi lifted its holdings in shares of Innovative Industrial Properties by 3.4% during the 1st quarter. Amundi now owns 15,766 shares of the company’s stock valued at $826,000 after purchasing an additional 523 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Innovative Industrial Properties in the 1st quarter valued at approximately $1,470,000. Millennium Management LLC grew its position in shares of Innovative Industrial Properties by 1,131.0% in the 1st quarter. Millennium Management LLC now owns 157,509 shares of the company’s stock valued at $8,520,000 after purchasing an additional 144,714 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 13,291 shares in the last quarter. Institutional investors and hedge funds own 70.58% of the company’s stock.

Innovative Industrial Properties Stock Down 1.0%

Shares of Innovative Industrial Properties stock opened at $56.47 on Friday. The firm has a market cap of $1.56 billion, a PE ratio of 12.80 and a beta of 1.38. The business’s 50 day simple moving average is $60.38 and its 200 day simple moving average is $56.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 24.51 and a current ratio of 24.51. Innovative Industrial Properties, Inc. has a 52-week low of $44.58 and a 52-week high of $65.38.

Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $67.09 million. On average, analysts predict that Innovative Industrial Properties, Inc. will post 7.15 earnings per share for the current fiscal year.

Innovative Industrial Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.90 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $7.60 dividend on an annualized basis and a yield of 13.5%. Innovative Industrial Properties’s dividend payout ratio (DPR) is 172.34%.

Analysts Set New Price Targets

A number of research analysts have weighed in on IIPR shares. Piper Sandler lifted 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. Weiss Ratings raised shares of Innovative Industrial Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Innovative Industrial Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $48.00.

View Our Latest Research Report on Innovative Industrial Properties

Innovative Industrial Properties Profile

(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.