National Storage Affiliates Trust (NSA) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States. “

A number of other brokerages have also recently commented on NSA. Wells Fargo & Co raised National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 price target on the stock in a research note on Tuesday, December 19th. B. Riley set a $23.00 price target on National Storage Affiliates Trust and gave the stock a hold rating in a research note on Tuesday, January 2nd. Robert W. Baird reaffirmed a buy rating and issued a $29.00 price target on shares of National Storage Affiliates Trust in a research note on Wednesday, November 29th. Jefferies Group set a $31.00 price target on National Storage Affiliates Trust and gave the stock a buy rating in a research note on Tuesday, November 28th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $24.00 price target on shares of National Storage Affiliates Trust in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $26.67.

National Storage Affiliates Trust (NYSE NSA) opened at $24.58 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $1,256.73 and a P/E ratio of 153.63. National Storage Affiliates Trust has a 12 month low of $21.17 and a 12 month high of $28.55.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.30). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.96%. equities analysts predict that National Storage Affiliates Trust will post 1.24 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of NSA. Pinebridge Investments L.P. bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $133,000. Schroder Investment Management Group bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $155,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $164,000. Orinda Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $204,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/03/national-storage-affiliates-trust-nsa-rating-increased-to-hold-at-zacks-investment-research.html.

About National Storage Affiliates Trust

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

Get a free copy of the Zacks research report on National Storage Affiliates Trust (NSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply