Shares of National Storage Affiliates Trust (NYSE:NSA) gapped down prior to trading on Friday . The stock had previously closed at $27.87, but opened at $26.64. National Storage Affiliates Trust shares last traded at $25.51, with a volume of 4492800 shares changing hands.

NSA has been the subject of several recent research reports. Robert W. Baird restated a “buy” rating and issued a $29.00 price target on shares of National Storage Affiliates Trust in a research note on Wednesday, November 29th. Jefferies Group set a $31.00 price target on National Storage Affiliates Trust and gave the company a “buy” rating in a research note on Tuesday, November 28th. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the company a “hold” rating in a research note on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Finally, SunTrust Banks restated a “hold” rating and issued a $24.00 price target on shares of National Storage Affiliates Trust in a research note on Friday, November 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.00.

The stock has a market cap of $1,150.00 and a P/E ratio of 21.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.28 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.30%. National Storage Affiliates Trust’s payout ratio is 547.37%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of National Storage Affiliates Trust by 61.6% during the 2nd quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock valued at $146,391,000 after acquiring an additional 2,413,808 shares during the period. Renaissance Technologies LLC lifted its position in shares of National Storage Affiliates Trust by 53.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,143,600 shares of the real estate investment trust’s stock valued at $26,429,000 after acquiring an additional 396,500 shares during the period. Vanguard Group Inc. lifted its position in shares of National Storage Affiliates Trust by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock valued at $125,198,000 after acquiring an additional 352,766 shares during the period. Lazard Asset Management LLC lifted its position in shares of National Storage Affiliates Trust by 34.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock valued at $31,636,000 after acquiring an additional 351,178 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of National Storage Affiliates Trust by 102.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 667,195 shares of the real estate investment trust’s stock valued at $15,419,000 after acquiring an additional 337,738 shares during the period. Institutional investors and hedge funds own 93.47% of the company’s stock.

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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 operating partnership subsidiary is NSA OP, LP.

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