NewLake Capital Partners (OTC:NLCP – Get Rating) had its price target lowered by LADENBURG THALM/SH SH from $27.50 to $23.00 in a report released on Tuesday, The Fly reports.
NewLake Capital Partners Stock Up 3.7 %
Shares of NLCP stock opened at $13.55 on Tuesday. NewLake Capital Partners has a one year low of $12.00 and a one year high of $26.00. The stock has a fifty day moving average price of $17.36 and a 200 day moving average price of $16.37.
NewLake Capital Partners Increases Dividend
The company also recently announced a dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.39 dividend. This is a boost from NewLake Capital Partners’s previous dividend of $0.37. The ex-dividend date of this dividend was Thursday, December 29th. This represents a yield of 9.22%.
NewLake Capital Partners Company Profile
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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- Get a free copy of the StockNews.com research report on NewLake Capital Partners (NLCP)
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