Latest Stocks: National Storage Affiliates Trust (NSA) Rating Reiterated by FBR & Co

Latest Stocks: National Storage Affiliates Trust (NSA) Rating Reiterated by FBR & Co

FBR & Co reaffirmed their hold rating on shares of National Storage Affiliates Trust (NYSE:NSA) in a research report sent to investors on Monday, May 15th, StockTargetPrices.com reports. They currently have a $23.00 price objective on the real estate investment trust’s stock.

Separately, Zacks Investment Research downgraded National Storage Affiliates Trust from a buy rating to a hold rating in a research report on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $25.17.

The business 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 $0.26 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, June 13th. This represents a $1.04 annualized dividend and a dividend yield of 4.36%. National Storage Affiliates Trust’s dividend payout ratio is presently 417.39%. In other news, Director Mourick Mark Van sold 21,750 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $23.00, for a total value of $500,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.70% of the company’s stock.

Several large investors have recently modified their holdings of NSA. Vanguard Group Inc. boosted its stake in shares of National Storage Affiliates Trust by 5.7% in the first quarter. Vanguard Group Inc. now owns 5,064,667 shares of the real estate investment trust’s stock valued at $121,046,000 after buying an additional 273,843 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 last quarter. Arrowpoint Asset Management LLC boosted its stake in shares of 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 last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of National Storage Affiliates Trust by 109.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,752,797 shares of the real estate investment trust’s stock valued at $36,704,000 after buying an additional 915,811 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of National Storage Affiliates Trust by 20.8% in the first quarter. State Street Corp now owns 1,326,518 shares of the real estate investment trust’s stock valued at $31,703,000 after buying an additional 228,598 shares during the last quarter. 77.22% of the stock is owned by institutional investors. About National Storage Affiliates Trust

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