National Storage Affiliates Trust (NYSE:NSA) Director Mourick Mark Van sold 21,750 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

National Storage Affiliates Trust (NYSE:NSA) opened at 24.02 on Tuesday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 76.50 and a beta of 0.72. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $24.86. The firm has a 50 day moving average of $23.43 and a 200 day moving average of $21.36.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Monday, March 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 417.39%.

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Several institutional investors have recently modified their holdings of NSA. New Mexico Educational Retirement Board boosted its position in shares of National Storage Affiliates Trust by 45.5% in the third quarter. New Mexico Educational Retirement Board now owns 4,800 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of National Storage Affiliates Trust by 55.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,567 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,982 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of National Storage Affiliates Trust by 504.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,640 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 6,377 shares in the last quarter. IFP Advisors Inc boosted its position in shares of National Storage Affiliates Trust by 146.5% in the second quarter. IFP Advisors Inc now owns 7,992 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,750 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of National Storage Affiliates Trust by 88.3% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,408 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 3,942 shares in the last quarter. Institutional investors own 77.22% of the company’s stock.

A number of brokerages recently weighed in on NSA. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, February 21st. Jefferies Group LLC restated a “buy” rating and set a $26.00 target price (up from $24.00) on shares of National Storage Affiliates Trust in a report on Tuesday, December 13th. Three 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. National Storage Affiliates Trust presently has an average rating of “Buy” and an average price target of $24.29.

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 segment consists of investments in self-storage properties located in the United States.

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