National Storage Affiliates (NYSE:NSA) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage presently has a $22.00 price objective on the real estate investment trust’s stock. Vetr‘s price target would suggest a potential upside of 12.13% from the stock’s previous close.

Several other research analysts have also recently weighed in on NSA. Zacks Investment Research lowered National Storage Affiliates from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. FBR & Co reissued a “hold” rating on shares of National Storage Affiliates in a report on Tuesday, August 9th. Jefferies Group reduced their target price on National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. Finally, DA Davidson set a $26.00 target price on National Storage Affiliates and gave the stock a “buy” rating in a report on Thursday, September 15th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. National Storage Affiliates has a consensus rating of “Buy” and a consensus price target of $22.56.

Analyst Recommendations for National Storage Affiliates (NYSE:NSA)

Shares of National Storage Affiliates (NYSE:NSA) opened at 19.62 on Monday. The company has a market capitalization of $704.28 million, a PE ratio of 59.64 and a beta of 0.72. National Storage Affiliates has a one year low of $14.60 and a one year high of $22.86. The firm’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 posted its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $52.95 million for the quarter, compared to analysts’ expectations of $51.27 million. National Storage Affiliates had a return on equity of 2.31% and a net margin of 7.95%. The company’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Analysts anticipate that National Storage Affiliates will post $1.10 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board raised its stake in National Storage Affiliates by 45.5% in the third quarter. New Mexico Educational Retirement Board now owns 4,800 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in National Storage Affiliates by 55.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,567 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,982 shares during the period. PNC Financial Services Group Inc. raised its stake in National Storage Affiliates by 504.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,640 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 6,377 shares during the period. IFP Advisors Inc raised its stake in National Storage Affiliates by 146.5% in the second quarter. IFP Advisors Inc now owns 7,992 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,750 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in National Storage Affiliates by 88.3% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,408 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 3,942 shares during the period.

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.

5 Day Chart for NYSE:NSA

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