National Storage Affiliates Trust (NYSE:NSA) Hits New 1-Year High at $39.92

National Storage Affiliates Trust (NYSE:NSA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.92 and last traded at $39.27, with a volume of 6918 shares. The stock had previously closed at $38.03.

A number of research firms have recently issued reports on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley upped their target price on shares of National Storage Affiliates Trust from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 9th. Evercore ISI began coverage on shares of National Storage Affiliates Trust in a report on Friday, January 8th. They set an “outperform” rating and a $42.00 target price for the company. Truist upped their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 in a report on Thursday, December 31st. Finally, Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, November 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.00.

The company has a debt-to-equity ratio of 1.53, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s fifty day moving average is $36.95 and its 200-day moving average is $34.93. The stock has a market cap of $2.75 billion, a PE ratio of 90.02 and a beta of 0.38.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Sunday, February 21st. The real estate investment trust reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. National Storage Affiliates Trust had a net margin of 10.42% and a return on equity of 3.72%. The company had revenue of $114.11 million for the quarter, compared to analysts’ expectations of $108.19 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that National Storage Affiliates Trust will post 1.69 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of NSA. FMR LLC acquired a new position in National Storage Affiliates Trust in the first quarter valued at about $32,000. Marshall Wace North America L.P. lifted its position in National Storage Affiliates Trust by 21.6% in the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 335 shares during the last quarter. Van ECK Associates Corp lifted its position in National Storage Affiliates Trust by 24.9% in the third quarter. Van ECK Associates Corp now owns 1,889 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 376 shares during the last quarter. Veriti Management LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at about $74,000. Finally, Assetmark Inc. lifted its position in National Storage Affiliates Trust by 5,917.0% in the fourth quarter. Assetmark Inc. now owns 2,828 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 2,781 shares during the last quarter. 86.29% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Company Profile (NYSE:NSA)

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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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