NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report)’s share price traded up 0.6% on Monday. The company traded as high as $15.18 and last traded at $15.01. 50,777 shares traded hands during trading, a decline of 41% from the average session volume of 86,472 shares. The stock had previously closed at $14.92.
NewLake Capital Partners Price Performance
The firm has a fifty day moving average of $15.58 and a 200-day moving average of $15.20.
Hedge Funds Weigh In On NewLake Capital Partners
A hedge fund recently bought a new stake in NewLake Capital Partners stock. Compass Financial Management LLC purchased a new position in NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 81,629 shares of the company’s stock, valued at approximately $1,303,000.
NewLake Capital Partners Company Profile
NewLake Capital Partners, Inc is a real estate investment trust focused on owning and managing properties used by state-licensed cannabis operators in the United States. The company provides real estate capital to cannabis businesses by acquiring cultivation, processing, and retail facilities and leasing those properties to established operators.
NewLake generally uses long-term, triple-net lease arrangements, under which tenants are responsible for most property-level expenses, including taxes, insurance, and maintenance.
Further Reading
- Five stocks we like better than NewLake Capital Partners
- McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier
- Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test
- 3 Emerging Biotech Stocks With Significant Upside Potential
- Treasury Yields Haven’t Been This High Since 2007—3 ETFs to Watch
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.
