Zacks Investment Research lowered shares of National Storage Affiliates (NYSE:NSA) from a buy rating to a hold rating in a report released on Wednesday.

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. “

NSA has been the subject of a number of other research reports. DA Davidson set a $26.00 target price on shares of National Storage Affiliates and gave the stock a buy rating in a research report on Thursday, September 15th. Vetr upgraded shares of National Storage Affiliates from a buy rating to a strong-buy rating and set a $22.00 price target on the stock in a report on Monday. Jefferies Group cut their price target on shares of 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, FBR & Co restated a hold rating on shares of National Storage Affiliates in a report on Monday, September 12th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $22.56.

National Storage Affiliates (NYSE:NSA) traded down 0.05% during trading on Wednesday, reaching $19.70. 102,997 shares of the company’s stock were exchanged. National Storage Affiliates has a 1-year low of $14.82 and a 1-year high of $22.86. The company has a market capitalization of $707.15 million, a PE ratio of 59.88 and a beta of 0.72. The company’s 50-day moving average is $19.77 and its 200-day moving average is $20.64.

National Storage Affiliates (NYSE:NSA) last released its 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. National Storage Affiliates had a net margin of 7.95% and a return on equity of 2.31%. The company earned $52.95 million during the quarter, compared to the consensus estimate of $51.27 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 48.4% compared to the same quarter last year. Equities research analysts expect that National Storage Affiliates will post $1.10 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its stake in National Storage Affiliates by 42.7% in the first quarter. TIAA CREF Investment Management LLC now owns 172,682 shares of the real estate investment trust’s stock valued at $3,661,000 after buying an additional 51,679 shares in the last quarter. JPMorgan Chase & Co. raised its stake in National Storage Affiliates by 16.0% in the first quarter. JPMorgan Chase & Co. now owns 100,826 shares of the real estate investment trust’s stock valued at $2,138,000 after buying an additional 13,912 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in National Storage Affiliates by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 38,145 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 458 shares in the last quarter. Phocas Financial Corp. raised its stake in National Storage Affiliates by 55.7% in the first quarter. Phocas Financial Corp. now owns 425,803 shares of the real estate investment trust’s stock valued at $9,027,000 after buying an additional 152,276 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in National Storage Affiliates during the second quarter valued at about $653,000.

About National Storage Affiliates

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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