NewLake Capital Partners (OTCMKTS:NLCP) Shares Down 1% – What’s Next?

Shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP) traded down 1% during mid-day trading on Tuesday . The stock traded as low as $13.80 and last traded at $13.8584. 48,138 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 100,491 shares. The stock had previously closed at $14.00.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NLCP. 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. Capital One Financial set a $16.00 price target on shares of NewLake Capital Partners in a research note on Friday, December 12th. Loop Capital set a $16.00 price objective on shares of NewLake Capital Partners in a report on Friday, December 12th. Finally, Compass Point reissued a “neutral” rating and issued a $15.00 price objective on shares of NewLake Capital Partners in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

NewLake Capital Partners Stock Performance

The company’s 50-day moving average price is $15.33 and its two-hundred day moving average price is $14.27.

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.