Compass Point Downgrades NewLake Capital Partners (OTCMKTS:NLCP) to Neutral

NewLake Capital Partners (OTCMKTS:NLCP) was downgraded by stock analysts at Compass Point from a “buy” rating to a “neutral” rating in a research note issued on Monday. They currently have a $15.00 target price on the stock. Compass Point’s price target points to a potential downside of 2.79% from the company’s current price.

Several other research analysts have also issued reports on the company. Loop Capital set a $16.00 target price on NewLake Capital Partners in a research report on Friday, December 12th. Capital One Financial set a $16.00 price target on NewLake Capital Partners in a research report on Friday, December 12th. Finally, UBS Group upgraded NewLake Capital Partners to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.75.

NewLake Capital Partners Stock Performance

Shares of NLCP opened at $15.43 on Monday. The company has a 50-day simple moving average of $15.43 and a two-hundred day simple moving average of $14.15. NewLake Capital Partners has a one year low of $12.08 and a one year high of $16.75.

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.