NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Short Interest Update

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 25,171 shares, a decrease of 42.8% from the February 12th total of 44,031 shares. Based on an average daily volume of 221,705 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 221,705 shares, the short-interest ratio is currently 0.1 days.

NewLake Capital Partners Price Performance

NewLake Capital Partners stock traded down $0.22 during mid-day trading on Friday, reaching $15.43. 57,515 shares of the company were exchanged, compared to its average volume of 105,605. The company has a fifty day simple moving average of $15.43 and a 200-day simple moving average of $14.15. NewLake Capital Partners has a 12 month low of $12.08 and a 12 month high of $16.75.

Analyst Ratings Changes

NLCP has been the topic of a number of recent research reports. Capital One Financial set a $16.00 target price on shares of NewLake Capital Partners in a report on Friday, December 12th. UBS Group raised NewLake Capital Partners to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, December 12th. Finally, Loop Capital set a $16.00 price target on NewLake Capital Partners in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.00.

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.