Insider Buying: Innovative Industrial Properties (NYSE:IIPR) Director Purchases $29,937.60 in Stock

Posted by Geri Gentry on Sep 4th, 2026

Innovative Industrial Properties, Inc. (NYSE:IIPR – Get Free Report) Director Bruce Alan Ives acquired 528 shares of Innovative Industrial Properties stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $56.70 per share, with a total value of $29,937.60. Following the purchase, the director owned 3,180 shares in the company, valued at $180,306. The trade was a 19.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Innovative Industrial Properties Trading Down 0.2%

Innovative Industrial Properties stock opened at $56.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 24.51 and a quick ratio of 24.51. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.85 and a beta of 1.35. Innovative Industrial Properties, Inc. has a one year low of $44.58 and a one year high of $65.38. The company’s fifty day moving average price is $60.00 and its two-hundred day moving average price is $56.40.

Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last announced 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. The company had revenue of $63.31 million during the quarter, compared to analysts’ expectations of $67.09 million. Innovative Industrial Properties had a return on equity of 7.73% and a net margin of 52.27%. On average, analysts forecast that Innovative Industrial Properties, Inc. will post 7.05 earnings per share for the current fiscal year.

Innovative Industrial Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Innovative Industrial Properties’s dividend payout ratio (DPR) is presently 172.34%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler upped their target price on Innovative Industrial Properties from $45.00 to $51.00 and gave the stock an “underweight” rating in a research report 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. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Innovative Industrial Properties has an average rating of “Reduce” and an average price target of $48.00.

View Our Latest Stock Analysis on Innovative Industrial Properties

Institutional Investors Weigh In On Innovative Industrial Properties

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Innovative Industrial Properties by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,173 shares of the company’s stock worth $159,000 after purchasing an additional 182 shares during the period. Daiwa Securities Group Inc. boosted its stake in Innovative Industrial Properties by 2.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,878 shares of the company’s stock valued at $545,000 after purchasing an additional 207 shares during the period. Allworth Financial LP boosted its stake in Innovative Industrial Properties by 4.6% during the 4th quarter. Allworth Financial LP now owns 4,714 shares of the company’s stock valued at $223,000 after purchasing an additional 208 shares during the period. PFG Investments LLC grew its holdings in Innovative Industrial Properties by 3.3% in the 1st quarter. PFG Investments LLC now owns 7,300 shares of the company’s stock valued at $366,000 after buying an additional 231 shares during the last quarter. Finally, Freestone Grove Partners LP grew its holdings in Innovative Industrial Properties by 2.0% in the 4th quarter. Freestone Grove Partners LP now owns 12,467 shares of the company’s stock valued at $590,000 after buying an additional 250 shares during the last quarter. 70.58% of the stock is currently owned by institutional investors.

Innovative Industrial Properties Company Profile

(Get 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.