National Storage Affiliates Trust (NYSE:NSA) Receives New Coverage from Analysts at Stifel Nicolaus

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Stifel Nicolaus began coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a research report sent to investors on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $36.00 price objective on the real estate investment trust’s stock.

Several other analysts have also issued reports on NSA. BMO Capital Markets set a $26.00 target price on National Storage Affiliates Trust and gave the stock a hold rating in a report on Friday, August 2nd. Zacks Investment Research lowered National Storage Affiliates Trust from a buy rating to a hold rating in a report on Tuesday, July 30th. Finally, ValuEngine upgraded National Storage Affiliates Trust from a hold rating to a buy rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $32.29.

NSA opened at $33.57 on Monday. National Storage Affiliates Trust has a 52-week low of $24.44 and a 52-week high of $33.80. The firm has a market capitalization of $1.95 billion, a PE ratio of 24.33, a PEG ratio of 4.22 and a beta of 0.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50-day simple moving average is $30.53 and its 200 day simple moving average is $29.32.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.57). National Storage Affiliates Trust had a negative return on equity of 0.41% and a negative net margin of 1.41%. The company had revenue of $95.42 million for the quarter, compared to the consensus estimate of $95.75 million. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue was up 19.7% on a year-over-year basis. On average, research analysts forecast that National Storage Affiliates Trust will post 1.53 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in NSA. Nuveen Asset Management LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth approximately $45,783,000. Invesco Ltd. increased its position in National Storage Affiliates Trust by 228.9% during the second quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trust’s stock worth $59,081,000 after buying an additional 1,420,851 shares during the last quarter. Marshall Wace LLP increased its position in National Storage Affiliates Trust by 3,014.9% during the second quarter. Marshall Wace LLP now owns 688,151 shares of the real estate investment trust’s stock worth $19,914,000 after buying an additional 666,059 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in National Storage Affiliates Trust during the second quarter worth approximately $17,127,000. Finally, Luminus Management LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth approximately $9,732,000. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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

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