National Storage Affiliates Trust (NSA) Downgraded by BidaskClub to “Strong Sell”

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

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised National Storage Affiliates Trust from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Tuesday, February 21st. FBR & Co reaffirmed a hold rating and set a $23.00 price target on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $28.00 price target on shares of National Storage Affiliates Trust in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $25.17.

Shares of National Storage Affiliates Trust (NYSE NSA) traded down 0.68% during trading on Friday, hitting $23.22. 105,536 shares of the company’s stock were exchanged. The company has a market cap of $1.03 billion, a P/E ratio of 82.63 and a beta of 0.76. The company has a 50-day moving average of $24.08 and a 200-day moving average of $23.20. 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 declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, June 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.24. National Storage Affiliates Trust’s payout ratio is 600.04%.

In other news, Director Mourick Mark Van sold 21,750 shares of National Storage Affiliates Trust stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $23.00, for a total transaction of $500,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSA. BlackRock Inc. increased its position in National Storage Affiliates Trust by 9,245.1% in the first quarter. BlackRock Inc. now owns 3,920,662 shares of the real estate investment trust’s stock valued at $93,703,000 after buying an additional 3,878,708 shares during the period. Renaissance Technologies LLC increased its position in National Storage Affiliates Trust by 108.7% in the first quarter. Renaissance Technologies LLC now owns 747,100 shares of the real estate investment trust’s stock valued at $17,856,000 after buying an additional 389,200 shares during the period. Driehaus Capital Management LLC purchased a new position in National Storage Affiliates Trust during the first quarter valued at about $8,828,000. Teachers Advisors LLC increased its position in National Storage Affiliates Trust by 43.1% in the fourth quarter. Teachers Advisors LLC now owns 1,044,453 shares of the real estate investment trust’s stock valued at $23,051,000 after buying an additional 314,357 shares during the period. Finally, Arrowpoint Asset Management LLC increased its position in National Storage Affiliates Trust by 15.0% in the fourth quarter. Arrowpoint Asset Management LLC now owns 2,310,172 shares of the real estate investment trust’s stock valued at $50,985,000 after buying an additional 301,356 shares during the period. 89.24% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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