National Storage Affiliates Trust (NSA) Receives $26.67 Consensus Price Target from Analysts

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.29.

A number of analysts recently weighed in on NSA shares. Wells Fargo & Co raised shares of 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 report on Tuesday, December 19th. Jefferies Group set a $31.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Tuesday, November 28th. B. Riley set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price objective on shares of National Storage Affiliates Trust in a report on Wednesday, November 29th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $24.00 price objective on shares of National Storage Affiliates Trust in a report on Friday, November 24th.

Shares of National Storage Affiliates Trust (NSA) traded up $0.09 during trading hours on Friday, hitting $23.81. 202,306 shares of the company’s stock were exchanged, compared to its average volume of 444,278. The firm has a market capitalization of $1,180.00 and a PE ratio of 125.37. National Storage Affiliates Trust has a 52 week low of $21.17 and a 52 week high of $28.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.12.

Several hedge funds have recently added to or reduced their stakes in NSA. BlackRock Inc. increased its holdings in shares of National Storage Affiliates Trust by 61.6% in the 2nd quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock worth $146,391,000 after acquiring an additional 2,413,808 shares during the period. Wasatch Advisors Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth about $14,298,000. Vanguard Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 7.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock worth $125,198,000 after acquiring an additional 352,766 shares during the period. State Street Corp increased its holdings in shares of National Storage Affiliates Trust by 24.6% in the 2nd quarter. State Street Corp now owns 1,653,310 shares of the real estate investment trust’s stock worth $38,211,000 after acquiring an additional 326,792 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of National Storage Affiliates Trust by 546.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 273,536 shares of the real estate investment trust’s stock worth $6,321,000 after acquiring an additional 231,230 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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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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