National Storage Affiliates (NSA) Reaches New 52-Week High at $22.86
National Storage Affiliates (NYSE:NSA) shares reached 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. The stock had previously closed at $22.25.
NSA has been the topic of several research reports. DA Davidson initiated coverage on shares of National Storage Affiliates in a research note on Friday, June 24th. They set a “buy” rating and a $25.00 price target on the stock. FBR & Co reissued a “marketperform” rating and set a $22.00 price target on shares of National Storage Affiliates in a research note on Wednesday, June 22nd. Jefferies Group lifted their price target on shares of National Storage Affiliates from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, May 31st. Robert W. Baird initiated coverage on shares of National Storage Affiliates in a research note on Tuesday, March 29th. They set an “outperform” rating on the stock. Finally, Morgan Stanley initiated coverage on shares of National Storage Affiliates in a research note on Saturday, April 9th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.64.
The stock has a 50-day moving average of $21.09 and a 200 day moving average of $19.35. The stock has a market cap of $516.90 million and a PE ratio of 42.08.
National Storage Affiliates (NYSE:NSA) last announced its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $39.65 million for the quarter, compared to the consensus estimate of $40.35 million. On average, equities analysts forecast that National Storage Affiliates will post $1.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.92%. This is a positive change from National Storage Affiliates’s previous quarterly dividend of $0.20.
Other hedge funds and institutional investors recently made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of 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 during the period. Principal Financial Group Inc. increased its position 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 valued at $7,451,000 after buying an additional 325,959 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in National Storage Affiliates during the fourth quarter valued at $5,622,000. Russell Frank Co increased its position in National Storage Affiliates by 109.8% in the fourth quarter. Russell Frank Co now owns 235,592 shares of the real estate investment trust’s stock valued at $4,038,000 after buying an additional 123,306 shares during the last quarter. Finally, EAM Investors LLC increased its position 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 valued at $3,998,000 after buying an additional 50,164 shares during 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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