National Storage Affiliates Trust (NYSE:NSA) had its price objective lifted by Wells Fargo & Co from $32.00 to $36.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. Wells Fargo & Co currently has an outperform rating on the real estate investment trust’s stock.

NSA has been the subject of several other reports. Zacks Investment Research lowered National Storage Affiliates Trust from a buy rating to a hold rating in a report on Tuesday, July 30th. BMO Capital Markets set a $26.00 price objective on National Storage Affiliates Trust and gave the stock a hold rating in a report on Friday, August 2nd. ValuEngine upgraded National Storage Affiliates Trust from a hold rating to a buy rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus assumed coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They set a buy rating and a $36.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $32.29.

Shares of National Storage Affiliates Trust stock opened at $33.35 on Wednesday. The stock has a market cap of $1.99 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.35. The business has a fifty day simple moving average of $30.62 and a 200-day simple moving average of $29.34. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $33.87.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.57). The business had revenue of $95.42 million during the quarter, compared to analyst estimates of $95.75 million. National Storage Affiliates Trust had a negative return on equity of 0.41% and a negative net margin of 1.41%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Analysts expect that National Storage Affiliates Trust will post 1.53 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of National Storage Affiliates Trust by 2.0% during the first quarter. BlackRock Inc. now owns 10,656,928 shares of the real estate investment trust’s stock worth $303,829,000 after acquiring an additional 206,357 shares in the last quarter. Vanguard Group Inc. raised its holdings in National Storage Affiliates Trust by 3.3% during the second quarter. Vanguard Group Inc. now owns 6,624,526 shares of the real estate investment trust’s stock valued at $191,714,000 after buying an additional 213,375 shares in the last quarter. Invesco Ltd. raised its holdings in National Storage Affiliates Trust by 228.9% during the second quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trust’s stock valued at $59,081,000 after buying an additional 1,420,851 shares in the last quarter. Nuveen Asset Management LLC bought a new position in National Storage Affiliates Trust during the second quarter valued at about $45,783,000. Finally, Renaissance Technologies LLC raised its holdings in National Storage Affiliates Trust by 5.4% during the second quarter. Renaissance Technologies LLC now owns 1,527,814 shares of the real estate investment trust’s stock valued at $44,215,000 after buying an additional 78,100 shares in the last quarter. Institutional investors and hedge funds own 89.27% of the company’s stock.

National Storage Affiliates Trust Company Profile

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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