National Storage Affiliates Trust (NSA) Receives $29.80 Average Target Price from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.80.

Several research firms have weighed in on NSA. Zacks Investment Research cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th.

NYSE NSA traded down $0.03 on Monday, hitting $29.23. The company’s stock had a trading volume of 5,102 shares, compared to its average volume of 328,964. National Storage Affiliates Trust has a 52-week low of $24.44 and a 52-week high of $32.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.49 and a current ratio of 0.52. The stock has a market cap of $1.68 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 3.96 and a beta of 0.45.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The business had revenue of $90.57 million during the quarter, compared to analysts’ expectations of $93.25 million. During the same quarter last year, the business posted $0.32 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts predict that National Storage Affiliates Trust will post 1.51 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSA. Vanguard Group Inc lifted its stake in shares of National Storage Affiliates Trust by 12.9% in the 3rd quarter. Vanguard Group Inc now owns 6,280,853 shares of the real estate investment trust’s stock valued at $159,785,000 after purchasing an additional 717,116 shares during the period. Vanguard Group Inc. lifted its stake in shares of National Storage Affiliates Trust by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,280,853 shares of the real estate investment trust’s stock valued at $159,785,000 after purchasing an additional 717,116 shares during the period. WINTON GROUP Ltd lifted its stake in shares of National Storage Affiliates Trust by 2,555.6% in the 4th quarter. WINTON GROUP Ltd now owns 699,430 shares of the real estate investment trust’s stock valued at $18,507,000 after purchasing an additional 673,092 shares during the period. BlackRock Inc. lifted its stake in shares of National Storage Affiliates Trust by 1.8% in the 4th quarter. BlackRock Inc. now owns 10,450,571 shares of the real estate investment trust’s stock valued at $276,524,000 after purchasing an additional 182,047 shares during the period. Finally, Morgan Stanley lifted its stake in shares of National Storage Affiliates Trust by 45.4% in the 3rd quarter. Morgan Stanley now owns 557,377 shares of the real estate investment trust’s stock valued at $14,180,000 after purchasing an additional 174,035 shares during the period. Institutional investors own 92.78% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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