National Storage Affiliates Trust (NYSE:NSA)‘s stock had its “hold” rating restated by equities researchers at KeyCorp in a research note issued to investors on Friday.

Other research analysts have also issued research reports about the stock. Jefferies Group LLC reduced their target price on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. FBR & Co reaffirmed a “hold” rating and issued a $23.00 target price on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. BidaskClub raised shares of 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 downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.

National Storage Affiliates Trust (NYSE NSA) opened at 22.07 on Friday. The stock has a market capitalization of $975.98 million, a PE ratio of 84.56 and a beta of 0.74. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $26.15. The company’s 50-day moving average is $22.21 and its 200 day moving average is $23.42.

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

Several hedge funds have recently made changes to their positions in NSA. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Storage Affiliates Trust by 16.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 614 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in shares of National Storage Affiliates Trust during the second quarter worth $107,000. ProShare Advisors LLC purchased a new stake in shares of National Storage Affiliates Trust during the first quarter worth $115,000. New Mexico Educational Retirement Board increased its stake in shares of National Storage Affiliates Trust by 22.9% in the first quarter. New Mexico Educational Retirement Board now owns 5,900 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of National Storage Affiliates Trust by 9.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,087 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

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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