B. Riley Reiterates “$23.00” Price Target for National Storage Affiliates Trust (NSA)

B. Riley set a $23.00 price target on National Storage Affiliates Trust (NYSE:NSA) in a research note issued to investors on Tuesday. The firm currently has a hold rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Robert W. Baird reiterated a buy rating and set a $27.00 price objective on shares of National Storage Affiliates Trust in a research report on Wednesday, October 4th. SunTrust Banks reiterated a hold rating and set a $24.00 price objective on shares of National Storage Affiliates Trust in a research report on Friday, November 24th. FBR & Co set a $23.00 price objective on National Storage Affiliates Trust and gave the stock a hold rating in a research report on Wednesday, October 4th. Wells Fargo & Co upgraded National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 price objective for the company in a research report on Tuesday, December 19th. Finally, Jefferies Group set a $31.00 price objective on National Storage Affiliates Trust and gave the stock a buy rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $26.67.

National Storage Affiliates Trust (NYSE:NSA) opened at $25.86 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1,272.08, a P/E ratio of 20.88, a PEG ratio of 2.37 and a beta of 0.80. National Storage Affiliates Trust has a 52-week low of $21.17 and a 52-week high of $28.55.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.30). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.96%. research analysts anticipate that National Storage Affiliates Trust will post 1.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.33%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio is 700.04%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its position in National Storage Affiliates Trust by 16.8% in the second quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock worth $1,222,000 after purchasing an additional 7,592 shares during the period. Northern Trust Corp lifted its position in National Storage Affiliates Trust by 12.5% in the second quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock worth $17,170,000 after purchasing an additional 82,530 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in National Storage Affiliates Trust in the third quarter worth approximately $403,000. Numeric Investors LLC acquired a new stake in National Storage Affiliates Trust in the second quarter worth approximately $1,195,000. Finally, BNP Paribas Arbitrage SA lifted its position in National Storage Affiliates Trust by 32.5% in the third quarter. BNP Paribas Arbitrage SA now owns 36,642 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 8,991 shares during the period. Hedge funds and other institutional investors own 83.92% of the company’s stock.

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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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