National Storage Affiliates (NSA) Sets New 12-Month High at $22.86
National Storage Affiliates (NYSE:NSA)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $22.86 and last traded at $22.37, with a volume of 312,824 shares changing hands. The stock had previously closed at $22.25.
A number of equities analysts have recently issued reports on NSA shares. Jefferies Group downgraded National Storage Affiliates from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research report on Tuesday, April 5th. Zacks Investment Research downgraded National Storage Affiliates from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. FBR & Co started coverage on National Storage Affiliates in a research report on Thursday, June 23rd. They set a “market perform” rating and a $22.00 price target on the stock. Morgan Stanley downgraded National Storage Affiliates from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $16.00 to $22.00 in a research report on Thursday, April 7th. They noted that the move was a valuation call. Finally, Robert W. Baird started coverage on National Storage Affiliates in a research report on Tuesday, March 29th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. National Storage Affiliates presently has an average rating of “Buy” and an average price target of $22.64.
The company has a market capitalization of $517.36 million and a PE ratio of 42.12. The firm has a 50 day moving average price of $21.04 and a 200 day moving average price of $19.31.
National Storage Affiliates (NYSE:NSA) last announced its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $39.65 million for the quarter, compared to analysts’ expectations of $40.35 million. On average, equities analysts anticipate that National Storage Affiliates will post $1.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.96%. This is an increase from National Storage Affiliates’s previous quarterly dividend of $0.20.
A number of large investors have bought and sold shares of NSA. Principal Financial Group Inc. increased its stake in National Storage Affiliates by 299.0% in the fourth quarter. Principal Financial Group Inc. now owns 434,959 shares of the real estate investment trust’s stock worth $7,451,000 after buying an additional 325,959 shares in the last quarter. EAM Investors LLC increased its stake in National Storage Affiliates by 27.4% in the fourth quarter. EAM Investors LLC now owns 233,385 shares of the real estate investment trust’s stock worth $3,998,000 after buying an additional 50,164 shares in the last quarter. OppenheimerFunds Inc. increased its stake in National Storage Affiliates by 3.4% in the fourth quarter. OppenheimerFunds Inc. now owns 1,258,348 shares of the real estate investment trust’s stock worth $21,555,000 after buying an additional 40,905 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in National Storage Affiliates during the fourth quarter worth approximately $5,622,000. Finally, Neuberger Berman Group LLC increased its stake in National Storage Affiliates by 0.3% in the fourth quarter. Neuberger Berman Group LLC now owns 179,590 shares of the real estate investment trust’s stock worth $3,076,000 after buying an additional 460 shares in the last quarter.
National Storage Affiliates Trust (NSA) is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. It serves as the general partner of, and operates its business through its operating partnership subsidiary, NSA OP, LP.
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