ValuEngine Lowers National Storage Affiliates Trust (NSA) to Hold

National Storage Affiliates Trust (NYSE:NSA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts also recently weighed in on NSA. SunTrust Banks upped their price objective on National Storage Affiliates Trust from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, July 12th. DA Davidson set a $37.00 target price on National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Thursday, July 12th. Jefferies Financial Group downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Tuesday, July 17th. Zacks Investment Research upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, July 19th. Finally, Citigroup dropped their target price on National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating for the company in a research report on Friday, October 5th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $29.00.

Shares of NSA stock traded down $1.06 on Friday, hitting $25.66. 563,582 shares of the company’s stock were exchanged, compared to its average volume of 397,870. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.05. National Storage Affiliates Trust has a 12 month low of $23.10 and a 12 month high of $32.28. The company has a market cap of $1.54 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.54 and a beta of 0.48.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.63%. The business had revenue of $85.38 million for the quarter, compared to the consensus estimate of $86.37 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. National Storage Affiliates Trust’s quarterly revenue was up 24.0% compared to the same quarter last year. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 1.34 earnings per share for the current fiscal year.

In other news, Director Chad Leroy Meisinger bought 10,000 shares of the company’s stock in a transaction on Friday, September 14th. The stock was purchased at an average cost of $26.80 per share, for a total transaction of $268,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.10% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in National Storage Affiliates Trust by 3.0% in the second quarter. Legal & General Group Plc now owns 244,627 shares of the real estate investment trust’s stock valued at $7,532,000 after purchasing an additional 7,061 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of National Storage Affiliates Trust by 380.0% in the second quarter. SG Americas Securities LLC now owns 41,886 shares of the real estate investment trust’s stock valued at $1,291,000 after buying an additional 33,159 shares during the period. State of Alaska Department of Revenue increased its stake in shares of National Storage Affiliates Trust by 116.4% in the second quarter. State of Alaska Department of Revenue now owns 35,120 shares of the real estate investment trust’s stock valued at $1,081,000 after buying an additional 18,890 shares during the period. Virginia Retirement Systems ET AL increased its stake in shares of National Storage Affiliates Trust by 62.1% in the second quarter. Virginia Retirement Systems ET AL now owns 137,300 shares of the real estate investment trust’s stock valued at $4,232,000 after buying an additional 52,600 shares during the period. Finally, Rothschild Asset Management Inc. increased its stake in shares of National Storage Affiliates Trust by 1.2% in the second quarter. Rothschild Asset Management Inc. now owns 384,642 shares of the real estate investment trust’s stock valued at $11,855,000 after buying an additional 4,411 shares during the period. Hedge funds and other institutional investors own 85.30% of the company’s stock.

About National Storage Affiliates Trust

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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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

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