Compass Financial Management LLC purchased a new position in shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 81,629 shares of the company’s stock, valued at approximately $1,303,000.
NewLake Capital Partners Trading Up 0.1%
NewLake Capital Partners stock opened at $16.02 on Friday. NewLake Capital Partners, Inc. has a 12-month low of $12.09 and a 12-month high of $16.75. The firm has a 50 day simple moving average of $15.69 and a 200-day simple moving average of $15.25.
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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