National Storage Affiliates Trust (NSA) Sees Strong Trading Volume
National Storage Affiliates Trust (NYSE:NSA) saw strong trading volume on Friday . 956,903 shares were traded during mid-day trading, an increase of 262% from the previous session’s volume of 264,275 shares.The stock last traded at $23.62 and had previously closed at $23.33.
Several research analysts have weighed in on the company. BidaskClub raised National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of National Storage Affiliates Trust in a research report on Monday, May 22nd. Zacks Investment Research cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp reissued a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. National Storage Affiliates Trust presently has an average rating of “Hold” and an average price target of $24.75.
The stock’s 50 day moving average is $23.49 and its 200 day moving average is $23.94. The stock has a market cap of $1.05 billion, a PE ratio of 90.50 and a beta of 0.76.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.40%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 800.06%.
In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 17.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of National Storage Affiliates Trust by 16.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 614 shares during the last quarter. LS Investment Advisors LLC purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $107,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of National Storage Affiliates Trust by 9.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,087 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 520 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $155,000. Finally, Quantbot Technologies LP purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $163,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.
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About National Storage Affiliates Trust
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.
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