Zacks Investment Research lowered shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a sell rating in a report issued on Wednesday.

According to Zacks, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States. “

NSA has been the subject of several other reports. B. Riley set a $23.00 target price on National Storage Affiliates Trust and gave the company a hold rating in a report on Wednesday, November 15th. Wells Fargo & Co upgraded National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 target price for the company in a report on Tuesday, December 19th. Robert W. Baird restated a buy rating and issued a $27.00 target price on shares of National Storage Affiliates Trust in a report on Wednesday, October 4th. Jefferies Group set a $31.00 target price on National Storage Affiliates Trust and gave the company a buy rating in a report on Tuesday, November 28th. Finally, SunTrust Banks restated a hold rating and issued a $24.00 target price on shares of National Storage Affiliates Trust in a report on Friday, November 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. National Storage Affiliates Trust presently has an average rating of Hold and an average price target of $26.67.

Shares of National Storage Affiliates Trust (NYSE NSA) opened at $26.18 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. National Storage Affiliates Trust has a 12-month low of $21.17 and a 12-month high of $28.55. The company has a market capitalization of $1,303.79, a P/E ratio of 163.64, a P/E/G ratio of 2.43 and a beta of 0.80.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.30). National Storage Affiliates Trust had a net margin of 4.96% and a return on equity of 1.29%. analysts predict that National Storage Affiliates Trust will post 1.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.28 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 700.04%.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in 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 valued at $146,391,000 after buying an additional 2,413,808 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $125,198,000 after purchasing an additional 352,766 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of National Storage Affiliates Trust by 1.7% in the 3rd quarter. Jennison Associates LLC now owns 2,114,041 shares of the real estate investment trust’s stock valued at $51,244,000 after purchasing an additional 34,400 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 0.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,767,785 shares of the real estate investment trust’s stock valued at $42,851,000 after purchasing an additional 7,770 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of National Storage Affiliates Trust by 12.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,687,425 shares of the real estate investment trust’s stock valued at $40,903,000 after purchasing an additional 182,475 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

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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.

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

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