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Barclays gives an Equal weight recommendation for National Storage Affiliates Trust (NSA)

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 $145.24 million.

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 $0.65 million.

Barclays initiated its National Storage Affiliates Trust [NSA] rating to an Equal weight in a research note published on March 27, 2024; the price target was $39. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Sell”‘ rating. KeyBanc Capital Markets also remained covering NSA and has increased its forecast on January 05, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Evercore ISI revised its rating on December 11, 2023. It rated NSA as “an Underperform” which previously was an “an In-line”.

Price Performance Review of NSA

On Friday, National Storage Affiliates Trust [NYSE:NSA] saw its stock jump 0.98% to $36.06. Over the last five days, the stock has gained 3.26%. National Storage Affiliates Trust shares have fallen nearly -13.05% since the year began. Nevertheless, the stocks have fallen -1.53% over the past one year. While a 52-week high of $42.54 was reached on 01/02/24, a 52-week low of $27.86 was recorded on 02/29/24. SMA at 50 days reached $36.75, while 200 days put it at $35.10. A total of 0.62 million shares were traded, compared to the trading of 1.13 million shares in the previous session.

Levels Of Support And Resistance For NSA Stock

The 24-hour chart illustrates a support level at 35.59, which if violated will result in even more drops to 35.13. On the upside, there is a resistance level at 36.70. A further resistance level may holdings at 37.35. The Relative Strength Index (RSI) on the 14-day chart is 48.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.42%. Stochastics %K at 41.76% indicates the stock is a holding.

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