NewLake Capital Partners (OTC:NLCP – Get Rating) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01), MarketWatch Earnings reports.
Shares of NLCP opened at $19.99 on Friday. The stock has a fifty day moving average price of $23.22 and a two-hundred day moving average price of $25.79. NewLake Capital Partners has a 52-week low of $18.00 and a 52-week high of $35.50.
The firm also recently declared a dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a yield of 5.28%.
NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases and build-to-suit projects. Its tenants are some of the leading operators in the U.S.
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