Newlake Capital Partners

NLCP · OTC

$13.74+$0.48 (+3.62%)TodayMarket closed · Oct 20, 3:59 PM ET

Prev close $13.26

NLCP analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $17.85 (+29.9% upside)

Low: $17.17
Now: $13.74
High: $18.90

Upgrades and downgrades

The latest rating actions, newest first

NLCP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Compass Point	May 13, 2026	Upgrade	Neutral → Buy	$15.00 → $17.00	48%
Compass Point	Mar 16, 2026	Downgrade	Buy → Neutral	$15.00	48%

The case for and against

Updated May 30, 2025

Bull case

NewLake Capital Partners Inc. is an internally-managed REIT that provides essential real estate capital to state-licensed cannabis operators, showcasing a diversified portfolio of thirty-one properties across twelve states and multiple tenants. The company's approach to maintaining robust lease structures and cash flow coverage, coupled with potential dividend increases by the end of 2025, supports a strong outlook for shareholders, with estimates suggesting over 25% upside. Additionally, NewLake's proactive strategies to collaborate with tenants and improve operational efficiency further enhance the quality and resilience of its investment portfolio amid the evolving challenges in the US cannabis industry.

Bear case

NewLake Capital Partners Inc. has experienced a significant decline in stock performance, with a 12% drop over the last 90 days, while the broader industrial REIT sector has only declined by 7%. Additionally, the company’s AFFO has shown only a slight consistency with recent quarters, registering $10.7 million, reflecting a minor sequential drop of 0.5% per share, partly due to professional fees. The overall negative sentiment in the market, particularly related to cannabis sale-leaseback operators following issues with a peer company, suggests ongoing pressures that may hinder future stock recovery.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.