National Storage Affiliates Trust (NYSE:NSA) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.75.

A number of analysts recently commented on NSA shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of National Storage Affiliates Trust in a research note on Monday, May 22nd. FBR & Co reaffirmed a “hold” rating and set a $23.00 price objective on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. BidaskClub raised National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

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In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its position in National Storage Affiliates Trust by 0.8% in the first quarter. Creative Planning now owns 13,854 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 104 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in National Storage Affiliates Trust by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,776 shares of the real estate investment trust’s stock valued at $919,000 after buying an additional 156 shares during the period. Nomura Asset Management Co. Ltd. increased its position in National Storage Affiliates Trust by 0.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 27,740 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 200 shares during the period. Opus Capital Group LLC increased its position in National Storage Affiliates Trust by 1.4% in the first quarter. Opus Capital Group LLC now owns 16,046 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 220 shares during the period. Finally, James Investment Research Inc. increased its position in National Storage Affiliates Trust by 0.5% in the first quarter. James Investment Research Inc. now owns 55,130 shares of the real estate investment trust’s stock valued at $1,318,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

National Storage Affiliates Trust (NYSE NSA) opened at 22.00 on Tuesday. The stock’s 50 day moving average price is $22.53 and its 200 day moving average price is $23.47. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $26.15. The stock has a market cap of $972.88 million, a price-to-earnings ratio of 84.29 and a beta of 0.74.

About National Storage Affiliates Trust

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 operating partnership subsidiary is NSA OP, LP.

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