National Storage Affiliates Trust (NSA) has been under a strong bear grip, hence the stock is down -6.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.4% in the past 1 week. The stock has risen by 4.45% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.62% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.2% and the 50-Day Moving Average is 3.25%. National Storage Affiliates Trust (NYSE:NSA): On Fridays trading session , Opening price of the stock was $20.76 with an intraday high of $21.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.505. However, the stock managed to close at $20.64, a loss of 0.29% for the day. On the previous day, the stock had closed at $20.7. The total traded volume of the day was 500,437 shares.
The company Insiders own 17.7% of National Storage Affiliates Trust shares according to the proxy statements. Institutional Investors own 89.97% of National Storage Affiliates Trust shares. During last six month period, the net percent change held by insiders has seen a change of 107.14%. Also, Major Brokerage house, Jefferies maintains its ratings on National Storage Affiliates Trust (NYSE:NSA). In the latest research report, Jefferies lowers the target price from $24 per share to $22 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 10, 2016.
National Storage Affiliates Trust (NSA) is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. It serves as the general partner of, and operates its business through its operating partnership subsidiary, NSA OP, LP. Its participating regional operators (PROs) include SecurCare Self Storage, Northwest Self Storage, Optivest Properties, Guardian Storage, Move It and Storage Solutions. Its PRO entered into a facilities portfolio management agreement with the Company with respect to its contributed portfolio together with asset management agreements for each property. Its FindLocalStorage.com provides an online self-storage search solution for customers and valuable leads for the Companys properties. The Companys portfolio includes over 225 self-storage properties located across 13 states with approximately 12.4 million rentable square feet.