Shares of National Storage Affiliates Trust (NYSE:NSA) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.75.

Several brokerages recently commented on NSA. Robert W. Baird reiterated a “buy” rating and set a $27.00 price target on shares of National Storage Affiliates Trust in a research report on Wednesday, October 4th. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Wednesday, October 4th. BidaskClub upgraded National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. 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 reiterated a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th.

National Storage Affiliates Trust (NSA) traded up 0.45% on Friday, hitting $24.49. The stock had a trading volume of 265,915 shares. The company has a market cap of $1.08 billion, a PE ratio of 93.83 and a beta of 0.79. The company has a 50-day moving average of $24.02 and a 200 day moving average of $24.02. National Storage Affiliates Trust has a 12 month low of $18.91 and a 12 month high of $26.15.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s payout ratio is currently 800.06%.

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In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $101,000 after purchasing an additional 614 shares during the last quarter. LS Investment Advisors LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $107,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of National Storage Affiliates Trust by 5.6% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,426 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 339 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $155,000. Finally, Quantbot Technologies LP acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at $163,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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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