National Storage Affiliates Trust (NSA) has risen sharply, recording gains of 0.09% in the past 4 weeks. However, the stock has corrected -3.43% in the past 1 week, providing a good buying opportunity on dips. National Storage Affiliates Trust (NSA) : During the past 4 weeks, traders have been relatively bearish on National Storage Affiliates Trust (NSA), hence the stock is down -3.16% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.37% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 0.13%. National Storage Affiliates is up 9.48% in the last 3-month period. Year-to-Date the stock performance stands at 24.75%.
National Storage Affiliates Trust (NYSE:NSA): stock turned positive on Friday. Though the stock opened at $21.09, the bulls momentum made the stock top out at $21.55 level for the day. The stock recorded a low of $21.04 and closed the trading day at $21.37, in the green by 1.42%. The total traded volume for the day was 2,205,899. The stock had closed at $21.07 in the previous days trading.
Also, DA Davidson initiates coverage on National Storage Affiliates Trust (NYSE:NSA). The rating major has initiated the coverage with buy rating on the shares. The Analysts at DA Davidson announces a current price target of $25 per share. The rating by the firm was issued on June 24, 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.