TheStreet upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a d+ rating to a c- rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

Other research analysts also recently issued research reports about the company. Citigroup dropped their price objective on National Storage Affiliates Trust from $33.00 to $31.00 and set a neutral rating on the stock in a report on Tuesday, April 7th. SunTrust Banks upgraded National Storage Affiliates Trust from a sell rating to a hold rating and dropped their price objective for the company from $30.00 to $27.00 in a report on Monday, March 30th. Robert W. Baird downgraded National Storage Affiliates Trust from an outperform rating to a neutral rating and dropped their price target for the stock from $39.00 to $30.00 in a research note on Tuesday, April 14th. Morgan Stanley dropped their price target on National Storage Affiliates Trust from $32.00 to $24.00 and set an equal weight rating on the stock in a research note on Tuesday, April 28th. Finally, Wells Fargo & Co dropped their price target on National Storage Affiliates Trust from $33.00 to $32.00 and set an overweight rating on the stock in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $29.56.

NSA stock opened at $28.39 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $1.83 billion, a P/E ratio of -141.94 and a beta of 0.32. The business’s 50-day moving average is $28.94 and its two-hundred day moving average is $31.29. National Storage Affiliates Trust has a 1 year low of $19.34 and a 1 year high of $38.22.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.33). The company had revenue of $104.20 million during the quarter, compared to analyst estimates of $101.65 million. National Storage Affiliates Trust had a net margin of 0.80% and a return on equity of 0.29%. National Storage Affiliates Trust’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. On average, analysts expect that National Storage Affiliates Trust will post 1.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, June 12th. National Storage Affiliates Trust’s dividend payout ratio is presently 85.71%.

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. lifted its stake in shares of National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 335 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 3.5% in the fourth quarter. Victory Capital Management Inc. now owns 10,604 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 362 shares in the last quarter. FMR LLC lifted its stake in shares of National Storage Affiliates Trust by 137.8% in the fourth quarter. FMR LLC now owns 830 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of National Storage Affiliates Trust by 1.3% in the fourth quarter. Stifel Financial Corp now owns 38,664 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 494 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of National Storage Affiliates Trust by 2.6% in the fourth quarter. Mason Street Advisors LLC now owns 20,665 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 531 shares in the last quarter. Institutional investors own 81.83% of the company’s stock.

About National Storage Affiliates Trust

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.

Featured Article: What is Depreciation?

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

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 MarketBeat.com's FREE daily email newsletter.