National Storage Affiliates Trust (NYSE:NSA) Downgraded by BidaskClub

BidaskClub downgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a strong sell rating in a report issued on Tuesday, July 11th.

Several other analysts have also weighed in on the stock. FBR & Co reiterated a hold rating and set a $23.00 target price on shares of National Storage Affiliates Trust in a research report on Monday, May 15th. Jefferies Group LLC reissued a buy rating and set a $28.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $25.20.

National Storage Affiliates Trust (NYSE NSA) opened at 22.00 on Tuesday. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $26.15. The company’s 50 day moving average price is $22.53 and its 200-day moving average price is $23.47. The stock has a market cap of $972.88 million, a price-to-earnings ratio of 84.29 and a beta of 0.74.

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In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.06, for a total transaction of $661,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 17.70% of the company’s stock.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 in the last quarter. LS Investment Advisors LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter valued at approximately $107,000. New Mexico Educational Retirement Board boosted 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of National Storage Affiliates Trust during the second quarter worth about $155,000. Institutional investors own 91.51% 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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