National Storage Affiliates (NSA) Sees Strong Trading Volume
National Storage Affiliates (NYSE:NSA) shares saw unusually-high trading volume on Friday . Approximately 2,546,279 shares were traded during mid-day trading, an increase of 217% from the previous session’s volume of 802,230 shares.The stock last traded at $21.37 and had previously closed at $21.07.
NSA has been the subject of a number of research reports. DA Davidson initiated coverage on shares of National Storage Affiliates in a report on Friday, June 24th. They issued a “buy” rating and a $25.00 price target for the company. Jefferies Group cut shares of National Storage Affiliates from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Tuesday, April 5th. FBR & Co reiterated a “marketperform” rating and set a $22.00 price objective on shares of National Storage Affiliates in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, July 6th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.64.
The stock’s 50-day moving average price is $21.52 and its 200 day moving average price is $19.85. The firm has a market capitalization of $491.60 million and a PE ratio of 40.02.
National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $39.65 million for the quarter, compared to the consensus estimate of $40.35 million. On average, equities analysts anticipate that National Storage Affiliates will post $1.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.22 per share. This is a boost from National Storage Affiliates’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%.
A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised 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. Russell Frank Co raised its stake 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 worth $4,038,000 after buying an additional 123,306 shares in the last quarter. Finally, OppenheimerFunds Inc. raised 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.
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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