BidaskClub upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a strong sell rating to a sell rating in a report published on Friday morning.

Several other research firms have also weighed in on NSA. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price objective on shares of National Storage Affiliates Trust in a research note on Monday, May 22nd. FBR & Co reaffirmed a hold rating and issued a $23.00 price objective on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. Zacks Investment Research lowered National Storage Affiliates Trust from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a hold rating on shares of National Storage Affiliates Trust in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. National Storage Affiliates Trust presently has a consensus rating of Hold and an average target price of $25.00.

National Storage Affiliates Trust (NSA) traded down 1.39% during trading on Friday, hitting $22.07. 165,195 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $22.21 and its 200 day moving average price is $23.42. The firm has a market cap of $975.98 million, a price-to-earnings ratio of 84.56 and a beta of 0.74. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $26.15.

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The company also recently disclosed 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. This represents a $1.04 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 800.06%.

In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction dated 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 document filed with the SEC, which is available through this link. Insiders own 17.70% of the company’s stock.

Several large investors have recently made changes to their positions in NSA. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Storage Affiliates Trust by 16.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 614 shares during the last quarter. LS Investment Advisors LLC bought a new stake in shares of National Storage Affiliates Trust during the second quarter valued at approximately $107,000. New Mexico Educational Retirement Board increased its stake in shares of National Storage Affiliates Trust by 22.9% in the first quarter. New Mexico Educational Retirement Board now owns 5,900 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of National Storage Affiliates Trust by 9.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,087 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 520 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of National Storage Affiliates Trust during the second quarter valued at approximately $155,000. Institutional investors and hedge funds own 88.44% of the company’s stock.

National Storage Affiliates Trust Company Profile

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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