Newlake capital director Weinstein sells $177k in shares

Published 26/09/2025, 21:06
Newlake capital director Weinstein sells $177k in shares

Director David L. Weinstein of NewLake Capital Partners, Inc. (NASDAQ:NLCP), a REIT currently offering an attractive 12.4% dividend yield, sold 12,633 shares of common stock on September 25, 2025, for approximately $177,114. According to InvestingPro analysis, NLCP maintains strong financial health with a "GREAT" overall score and trades below its Fair Value. The shares were sold at a weighted average price of $14.02, with prices ranging from $14.00 to $14.10.

Following the transaction, Weinstein directly owns 27,681 shares of NewLake Capital Partners, Inc.

In other recent news, Newlake Capital Partners reported earnings for the second quarter of 2025 that exceeded expectations. The company achieved an earnings per share (EPS) of $0.35, surpassing the forecast of $0.29 by 20.69%. Revenue also outperformed projections, reaching $12.56 million compared to the expected $12.11 million. These figures indicate a strong performance for the quarter, reflecting positively on the company’s financial health. Despite these results, the broader market conditions and industry challenges were noted by investors. The company did not announce any mergers or acquisitions during this period. There were no reports of analyst upgrades or downgrades for Newlake Capital Partners in the recent updates. These developments provide insight into the company’s current financial standing and market perception.

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