National Storage Affiliates Trust (NYSE:NSA) : Traders are bullish on National Storage Affiliates Trust (NYSE:NSA) as it has outperformed the S&P 500 by a wide margin of 7.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.91%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.25% in the last 1 week, and is up 9.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 80.77% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $22.86 and the one year low was seen on Jul 29, 2015. The 50-Day Moving Average price is $21.10 and the 200 Day Moving Average price is recorded at $19.35.
The stock has recorded a 20-day Moving Average of 6.2% and the 50-Day Moving Average is 7%.
National Storage Affiliates Trust (NYSE:NSA): stock turned positive on Friday. Though the stock opened at $22.38, the bulls momentum made the stock top out at $22.86 level for the day. The stock recorded a low of $22.25 and closed the trading day at $22.47, in the green by 0.99%. The total traded volume for the day was 1,201,038. The stock had closed at $22.25 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of National Storage Affiliates Trust, Hylbert Paul William Jr had purchased shares worth of $1,884 in a transaction dated on March 8, 2016. A total of 100 shares were purchased at a price of $18.84 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.