National Storage Affiliates Trust (NYSE:NSA) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.75.

Several equities research analysts recently weighed in on the company. FBR & Co set a $23.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird restated a “buy” rating and set a $27.00 target price on shares of National Storage Affiliates Trust 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. KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Finally, Jefferies Group LLC decreased their target price on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, August 18th.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.70% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its stake in National Storage Affiliates Trust by 16.8% during the second quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock worth $1,222,000 after purchasing an additional 7,592 shares during the last quarter. Northern Trust Corp lifted its stake in National Storage Affiliates Trust by 12.5% in the second quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock valued at $17,170,000 after buying an additional 82,530 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in National Storage Affiliates Trust by 15.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 126,655 shares of the real estate investment trust’s stock valued at $2,927,000 after buying an additional 17,030 shares during the last quarter. Numeric Investors LLC purchased a new stake in National Storage Affiliates Trust in the second quarter valued at approximately $1,195,000. Finally, Wells Fargo & Company MN lifted its stake in National Storage Affiliates Trust by 36.9% in the second quarter. Wells Fargo & Company MN now owns 158,975 shares of the real estate investment trust’s stock valued at $3,674,000 after buying an additional 42,851 shares during the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/11/02/national-storage-affiliates-trust-nsa-receives-consensus-rating-of-hold-from-analysts.html.

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.

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.