Analysts Set National Storage Affiliates (NSA) Price Target at $22.75
Shares of National Storage Affiliates (NYSE:NSA) have been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.75.
NSA has been the topic of a number of research reports. Zacks Investment Research downgraded National Storage Affiliates from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a research report on Tuesday, August 9th. Jefferies Group decreased their price objective on National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, August 10th. DA Davidson set a $26.00 price objective on National Storage Affiliates and gave the stock a “buy” rating in a research report on Thursday, September 15th. Finally, Vetr raised National Storage Affiliates from a “buy” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, October 18th.
Shares of National Storage Affiliates (NYSE:NSA) opened at 19.69 on Wednesday. The stock has a market capitalization of $706.79 million, a PE ratio of 59.85 and a beta of 0.72. National Storage Affiliates has a 12 month low of $14.60 and a 12 month high of $22.86. The company’s 50 day moving average price is $19.91 and its 200 day moving average price is $20.64.
National Storage Affiliates (NYSE:NSA) last released its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $52.95 million for the quarter, compared to the consensus estimate of $51.27 million. National Storage Affiliates had a return on equity of 2.31% and a net margin of 7.95%. The firm’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities analysts anticipate that National Storage Affiliates will post $1.10 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of NSA. Forward Management LLC boosted its stake in National Storage Affiliates by 13.2% in the second quarter. Forward Management LLC now owns 1,195,000 shares of the real estate investment trust’s stock valued at $24,880,000 after buying an additional 139,613 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in National Storage Affiliates during the second quarter valued at approximately $3,024,000. Swiss National Bank acquired a new stake in National Storage Affiliates during the second quarter valued at approximately $797,000. Palisade Capital Management LLC NJ acquired a new stake in National Storage Affiliates during the second quarter valued at approximately $2,498,000. Finally, Monashee Investment Management LLC acquired a new stake in National Storage Affiliates during the second quarter valued at approximately $3,123,000.
National Storage Affiliates Company Profile
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 segment consists of investments in self-storage properties located in the United States.
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