NewLake Capital Partners (OTC:NLCP) Stock Price Down 1.8%

NewLake Capital Partners, Inc. (OTC:NLCP – Get Rating)’s stock price fell 1.8% during trading on Tuesday . The stock traded as low as $16.10 and last traded at $16.10. 9,752 shares were traded during trading, a decline of 35% from the average session volume of 14,998 shares. The stock had previously closed at $16.40.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH decreased their price target on NewLake Capital Partners from $29.00 to $27.50 in a research note on Thursday, October 6th.

NewLake Capital Partners Trading Down 1.8 %

The company has a 50 day moving average of $16.70 and a two-hundred day moving average of $16.25.

NewLake Capital Partners Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.39 per share. This is a positive change from NewLake Capital Partners’s previous dividend of $0.37. The ex-dividend date of this dividend is Thursday, December 29th. This represents a dividend yield of 9.22%.

About NewLake Capital Partners

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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.