NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 40,126 shares, an increase of 27.8% from the January 15th total of 31,409 shares. Based on an average daily trading volume, of 231,435 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 231,435 shares, the days-to-cover ratio is presently 0.2 days.
NewLake Capital Partners Stock Up 2.3%
Shares of NLCP traded up $0.36 during midday trading on Monday, reaching $16.36. 112,111 shares of the stock were exchanged, compared to its average volume of 118,224. NewLake Capital Partners has a twelve month low of $12.08 and a twelve month high of $16.38. The stock’s 50 day simple moving average is $14.95 and its 200 day simple moving average is $13.93.
Analysts Set New Price Targets
NLCP has been the topic of several research reports. Capital One Financial set a $16.00 price objective on NewLake Capital Partners in a report on Friday, December 12th. Loop Capital set a $16.00 price objective on NewLake Capital Partners in a research report on Friday, December 12th. Finally, UBS Group raised NewLake Capital Partners to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, December 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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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