Brokerages Set National Storage Affiliates Trust (NSA) Price Target at $29.80

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National Storage Affiliates Trust (NYSE:NSA) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $29.80.

NSA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, March 29th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th.

NYSE NSA traded up $0.04 during trading hours on Monday, hitting $29.88. 208,419 shares of the stock were exchanged, compared to its average volume of 326,787. The stock has a market capitalization of $1.70 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.88 and a beta of 0.45. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $32.28. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.17.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.28). The firm had revenue of $90.57 million for the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts expect that National Storage Affiliates Trust will post 1.51 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Tompkins Financial Corp acquired a new position in National Storage Affiliates Trust during the first quarter worth about $29,000. Quantamental Technologies LLC acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $44,000. Advisory Alpha LLC acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $45,000. NumerixS Investment Technologies Inc grew its position in shares of National Storage Affiliates Trust by 1,700.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Advisor Group Inc. grew its position in shares of National Storage Affiliates Trust by 140.2% in the fourth quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,433 shares during the last quarter. Institutional investors own 92.78% of the company’s stock.

About National Storage Affiliates Trust

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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