NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 31,409 shares, a decline of 48.2% from the December 31st total of 60,677 shares. Based on an average daily volume of 237,181 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 237,181 shares, the short-interest ratio is presently 0.1 days.
NewLake Capital Partners Price Performance
NewLake Capital Partners stock opened at $15.15 on Friday. NewLake Capital Partners has a 52 week low of $12.08 and a 52 week high of $16.86. The company’s 50-day moving average price is $14.32 and its two-hundred day moving average price is $13.81.
Analyst Upgrades and Downgrades
NLCP has been the topic of several recent analyst reports. Loop Capital set a $16.00 price target on shares of NewLake Capital Partners in a report on Friday, December 12th. UBS Group raised shares of NewLake Capital Partners to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, December 12th. Finally, Capital One Financial set a $16.00 target price on shares of NewLake Capital Partners in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, NewLake Capital Partners has a consensus rating of “Buy” and a consensus target price of $16.00.
About NewLake Capital Partners
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.
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