National Storage Affiliates Trust (NYSE:NSA) has been assigned a $23.00 price target by equities research analysts at B. Riley in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential downside of 11.88% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Group LLC decreased their target price on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Robert W. Baird reaffirmed a “buy” rating and set a $27.00 price objective on shares of National Storage Affiliates Trust in a report on Wednesday, October 4th. BidaskClub raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $25.00.

Shares of National Storage Affiliates Trust (NYSE NSA) opened at $26.10 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $1,155.85, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.78 and a beta of 0.78. National Storage Affiliates Trust has a 1 year low of $19.53 and a 1 year high of $26.50.

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A number of institutional investors have recently modified their holdings of NSA. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of National Storage Affiliates Trust by 16.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 614 shares in the last quarter. LS Investment Advisors LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $107,000. Pinebridge Investments L.P. acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $133,000. Schroder Investment Management Group acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $155,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of National Storage Affiliates Trust by 5.6% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,426 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 339 shares in the last quarter. 96.99% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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