National Storage Affiliates Trust (NSA) Research Coverage Started at BMO Capital Markets

BMO Capital Markets began coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a report released on Friday, April 6th, MarketBeat Ratings reports. The brokerage issued a market perform rating and a $26.00 price objective on the real estate investment trust’s stock.

NSA has been the topic of a number of other research reports. B. Riley set a $23.00 price objective on National Storage Affiliates Trust and gave the stock a hold rating in a research note on Tuesday, January 2nd. Wells Fargo upgraded National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 price objective on the stock in a research note on Tuesday, December 19th. Citigroup started coverage on National Storage Affiliates Trust in a research note on Tuesday, February 13th. They set a neutral rating and a $24.00 price objective on the stock. Zacks Investment Research raised National Storage Affiliates Trust from a sell rating to a hold rating in a research report on Tuesday, January 30th. Finally, Jefferies Group set a $30.00 target price on National Storage Affiliates Trust and gave the stock a buy rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. National Storage Affiliates Trust presently has a consensus rating of Hold and an average price target of $26.25.

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Shares of National Storage Affiliates Trust stock opened at $25.29 on Friday. National Storage Affiliates Trust has a twelve month low of $21.17 and a twelve month high of $28.55. The firm has a market capitalization of $1,272.84, a P/E ratio of 20.40, a PEG ratio of 2.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.67 and a current ratio of 0.67.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, February 26th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.39). The firm had revenue of $73.37 million during the quarter, compared to analyst estimates of $71.04 million. National Storage Affiliates Trust had a net margin of 1.10% and a return on equity of 0.30%. equities research analysts predict that National Storage Affiliates Trust will post 1.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Wednesday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 90.32%.

In related news, Director Mourick Mark Van sold 13,667 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $25.64, for a total value of $350,421.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.10% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of National Storage Affiliates Trust by 71.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 238,563 shares of the real estate investment trust’s stock valued at $6,503,000 after purchasing an additional 99,551 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of National Storage Affiliates Trust by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,327,446 shares of the real estate investment trust’s stock valued at $36,186,000 after purchasing an additional 71,928 shares during the last quarter. Ellington Management Group LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $303,000. Municipal Employees Retirement System of Michigan bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $403,000. Finally, Anchor Capital Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $275,000. 93.35% of the stock is owned by institutional investors.

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National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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

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