In a filing, National Storage Affiliates Trust revealed its Vice Chairperson Nordhagen Arlen Dale acquired Company’s shares for reported $0.24 million on Dec 11 ’23. In the deal valued at $36.50 per share,6,500 shares were bought. As a result of this transaction, Nordhagen Arlen Dale now holds 4,027,726 shares worth roughly $149.75 million.
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Then, Nordhagen Arlen Dale bought 10,000 shares, generating $359,200 in total proceeds. Upon buying the shares at $35.92, the Vice Chairperson now owns 4,029,626 shares.
Before that, FISCHER TAMARA D bought 608 shares. National Storage Affiliates Trust shares valued at $18,045 were divested by the Executive Chair at a price of $29.68 per share. As a result of the transaction, FISCHER TAMARA D now holds 18,000 shares, worth roughly $0.67 million.
Deutsche Bank initiated its National Storage Affiliates Trust [NSA] rating to a Sell in a research note published on January 30, 2024; the price target was $33. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early January from “a Sector weight” to “an Overweight”. Evercore ISI also remained covering NSA and has decreased its forecast on December 11, 2023 with a “an Underperform” recommendation from previously “an In-line” rating. Stifel revised its rating on August 08, 2023. It rated NSA as “a Hold” which previously was an “a Buy”.
Price Performance Review of NSA
On Monday, National Storage Affiliates Trust [NYSE:NSA] saw its stock fall -0.80% to $37.18. Over the last five days, the stock has gained 1.75%. National Storage Affiliates Trust shares have fallen nearly -10.34% since the year began. Nevertheless, the stocks have fallen -3.95% over the past one year. While a 52-week high of $43.28 was reached on 01/02/24, a 52-week low of $27.86 was recorded on 02/29/24. SMA at 50 days reached $37.12, while 200 days put it at $34.92. A total of 0.7 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For NSA Stock
The 24-hour chart illustrates a support level at 36.92, which if violated will result in even more drops to 36.66. On the upside, there is a resistance level at 37.60. A further resistance level may holdings at 38.03. The Relative Strength Index (RSI) on the 14-day chart is 51.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.36%. Stochastics %K at 53.64% indicates the stock is a holding.
How much short interest is there in National Storage Affiliates Trust?
A steep rise in short interest was recorded in National Storage Affiliates Trust stocks on Feb 29, 2024, growing by 0.42 million shares to a total of 3.95 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.53 million shares. There was a rise of 10.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.8.
The most recent change occurred on June 15, 2023 when Wells Fargo began covering the stock and recommended ‘”an Underweight”‘ rating along with a $36 price target.
