NewLake Capital Partners (OTCMKTS:NLCP) Given “Neutral” Rating at Compass Point

Compass Point reaffirmed their neutral rating on shares of NewLake Capital Partners (OTCMKTS:NLCP) in a research report report published on Monday morning, Marketbeat.com reports. Compass Point currently has a $15.00 price objective on the stock.

A number of other research firms also recently commented on NLCP. Capital One Financial set a $16.00 target price on shares of NewLake Capital Partners in a research report on Friday, December 12th. UBS Group upgraded shares of NewLake Capital Partners to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, December 12th. Finally, Loop Capital set a $16.00 price objective on shares of NewLake Capital Partners in a research note on Friday, December 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NewLake Capital Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

NewLake Capital Partners Stock Down 1.2%

NLCP stock opened at $15.25 on Monday. NewLake Capital Partners has a 12 month low of $12.08 and a 12 month high of $16.75. The firm’s 50-day moving average is $15.42 and its 200 day moving average is $14.16.

NewLake Capital Partners Company Profile

NewLake Capital Partners, Inc is a publicly traded real estate investment trust that focuses on the acquisition, development and operation of self-storage properties across the United States. Established in the mid-2010s, the company seeks to generate stable, long-term cash flows through a portfolio of facilities that serve both individual and commercial customers. By structuring investments through its operating partnership, NewLake delivers a REIT structure to investors while maintaining operational flexibility on the ground.

The company’s core activities include identifying value-add or newly developed self-storage facilities in growth-oriented markets, negotiating acquisitions or ground leases, and overseeing construction or renovation.