In trading on Tuesday, shares of National Storage Affiliates Trust’s 6.000% Series B Cumulative Redeemable Preferred Shares (Symbol: NSA.PRB) were yielding above 6% based on a quarterly dividend of $1.50, with shares trading as low as $24.55. This is in contrast to an average yield of 8.10% in the Real Estate preferred stock category, as per data from Preferred Stock Channel. Notably, NSA.PRB was trading at a 2.00% premium to its liquidation preference amount, while the average in the Real Estate sector shows a discount of 14.64%.
On the same day, NSA.PRB experienced a decline of approximately 3.6%, alongside a 1.2% drop in the common shares (Symbol: NSA).
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
