Insider Selling: National Storage Affiliates Trust (NYSE:NSA) CEO Sells 30,000 Shares of Stock

National Storage Affiliates Trust (NYSE:NSA) CEO Arlen Dale Nordhagen sold 30,000 shares of the business’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 document filed with the SEC, which is available through the SEC website.

Shares of National Storage Affiliates Trust (NYSE NSA) opened at 21.24 on Friday. The stock has a market capitalization of $939.28 million, a P/E ratio of 81.38 and a beta of 0.74. The firm’s 50-day moving average price is $22.32 and its 200-day moving average price is $23.44. National Storage Affiliates Trust has a one year low of $18.81 and a one year high of $26.15.

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Several research firms recently commented on NSA. Jefferies Group LLC lowered their target price on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday. BidaskClub cut National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, FBR & Co reissued a “hold” rating and set a $23.00 target price on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Several hedge funds have recently made changes to their positions in NSA. Creative Planning increased its stake in shares of National Storage Affiliates Trust by 0.8% in the first quarter. Creative Planning now owns 13,854 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 104 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of National Storage Affiliates Trust by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,776 shares of the real estate investment trust’s stock valued at $919,000 after buying an additional 156 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in National Storage Affiliates Trust by 0.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 27,740 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 200 shares during the period. Opus Capital Group LLC increased its position in National Storage Affiliates Trust by 1.4% in the first quarter. Opus Capital Group LLC now owns 16,046 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 220 shares during the period. Finally, James Investment Research Inc. increased its position in National Storage Affiliates Trust by 0.5% in the first quarter. James Investment Research Inc. now owns 55,130 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 280 shares during the period. Institutional investors 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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