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National Storage Affiliates Trust's Series A Preferred Shares Crosses Above 6.5% Yield Territory


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In trading on Friday, shares of National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: NSA.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $23.06 on the day. This compares to an average yield of 7.24% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, NSA.PRA was trading at a 4.40% discount to its liquidation preference amount, versus the average premium of 23.24% in the "Real Estate" category.

The chart below shows the one year performance of NSA.PRA shares, versus NSA:

Performance Comparison Chart

Below is a dividend history chart for NSA.PRA, showing historical dividend payments on National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest:

NSA.PRA+Dividend+History+Chart

In Friday trading, National Storage Affiliates Trust's 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Symbol: NSA.PRA) is currently down about 3.5% on the day, while the common shares (Symbol: NSA) are up about 1.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: NSA.PRA , NSA



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