National Storage Affiliates Trust (NSA) Lifted to Outperform at Wells Fargo & Co

Wells Fargo & Co upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a market perform rating to an outperform rating in a research report released on Tuesday, December 19th, Marketbeat reports. They currently have $30.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on NSA. Robert W. Baird reiterated a buy rating and set a $27.00 price objective on shares of National Storage Affiliates Trust in a research note on Wednesday, October 4th. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the stock a hold rating in a research note on Wednesday, October 4th. BidaskClub upgraded National Storage Affiliates Trust from a strong sell rating to a sell rating in a research note on Friday, August 25th. SunTrust Banks restated a hold rating and issued a $24.00 price target on shares of National Storage Affiliates Trust in a research note on Friday, November 24th. Finally, KeyCorp restated a hold rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. National Storage Affiliates Trust has a consensus rating of Hold and a consensus target price of $26.67.

Shares of National Storage Affiliates Trust (NYSE:NSA) traded up $0.12 during trading hours on Tuesday, hitting $26.20. The company had a trading volume of 622,586 shares, compared to its average volume of 626,236. The company has a market cap of $1,290.00 and a P/E ratio of 137.89. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.12. National Storage Affiliates Trust has a 52 week low of $21.17 and a 52 week high of $28.55.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.27%. This is a boost 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 589.47%.

Several institutional investors and hedge funds have recently modified their holdings of NSA. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in National Storage Affiliates Trust by 16.3% during 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 during the period. Pinebridge Investments L.P. purchased a new stake in National Storage Affiliates Trust in the third quarter worth $133,000. Schroder Investment Management Group purchased a new stake in National Storage Affiliates Trust in the third quarter worth $155,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in National Storage Affiliates Trust by 5.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,426 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 339 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in National Storage Affiliates Trust in the second quarter worth $155,000. 83.92% of the stock is currently owned by institutional investors and hedge funds.

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National Storage Affiliates Trust Company Profile

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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