NewLake Capital Partners (OTC:NLCP) Trading Down 0.3%

NewLake Capital Partners, Inc. (OTC:NLCP – Get Rating) shares dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $12.36 and last traded at $12.42. Approximately 15,337 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 53,967 shares. The stock had previously closed at $12.46.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH reduced their target price on NewLake Capital Partners from $27.50 to $23.00 in a report on Tuesday, March 14th.

Get NewLake Capital Partners alerts:

NewLake Capital Partners Trading Down 0.3 %

The company has a fifty day moving average of $15.48 and a 200-day moving average of $15.92.

NewLake Capital Partners Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a dividend yield of 11.51%.

About NewLake Capital Partners

(Get Rating)

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.

Featured Stories

• Get a free copy of the StockNews.com research report on NewLake Capital Partners (NLCP)
• Should Cheesecake Factory Stock Be On Your Menu? 
• Buffett Reduces Taiwan Semiconductor Stake After This Happened
• Don’t Get Bullish On The S&P 500 Because Of The CPI Report 
• Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher
• Proterra Inc., A Penny Stock To Put On The Watchlist

Receive News & Ratings for NewLake Capital Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewLake Capital Partners and related companies with MarketBeat.com's FREE daily email newsletter.