National Storage Affiliates Trust (NYSE:NSA) shares traded -0.25% lower at $35.89 on Wall Street last session.
NSA stock price is now -2.52% away from the 50-day moving average and 1.60% away from the 200-day moving average. The market capitalization of the company currently stands at $2.69B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $39, Barclays recently initiated with Equal Weight rating for National Storage Affiliates Trust (NYSE: NSA). On January 30, 2024, Deutsche Bank recently initiated its ‘Sell’ rating on the stock quoting a target price of $33, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Nordhagen Arlen Dale, Vice Chairperson bought 6,500 shares of the company’s stock on Dec 11 ’23. The stock was bought for $237,250 at an average price of $36.50. Upon completion of the transaction, the Vice Chairperson now directly owns 4,027,726 shares in the company, valued at $144.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’23, Vice Chairperson Nordhagen Arlen Dale bought 10,000 shares of the business’s stock. A total of $359,200 was incurred on buying the stock at an average price of $35.92. This leaves the insider owning 4,029,626 shares of the company worth $144.62 million. A total of 8.54% of the company’s stock is owned by insiders.
During the past 12 months, National Storage Affiliates Trust has had a low of $27.86 and a high of $42.54. According to the stock market information, the enterprise value for the company is $6908497408, which is based on a 18.89 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for NSA is $36.801 and a two-hundred day moving average price translates $35.34345 for the stock.
The latest earnings results from National Storage Affiliates Trust (NYSE: NSA) was released for 2024-03-31. According to the REIT – Industrial Company, earnings per share came in at 0.28, missing analysts’ expectations of 0.32 by -0.04. This compares to $0.24 EPS in the same period last year. The net profit margin was 19.64% and return on equity was 12.82% for NSA. The company reported revenue of $196.15 million for the quarter, compared to $207.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.69 percent. For the current quarter, analysts expect NSA to generate $186.01M in revenue.
