National Storage Affiliates Trust (NSA) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

Several other analysts have also issued reports on NSA. ValuEngine upgraded National Storage Affiliates Trust from a hold rating to a buy rating in a research note on Tuesday, May 29th. Morgan Stanley boosted their target price on National Storage Affiliates Trust from $26.00 to $27.00 and gave the company an equal weight rating in a research note on Thursday, June 14th. SunTrust Banks boosted their target price on National Storage Affiliates Trust from $25.00 to $28.00 and gave the company a hold rating in a research note on Thursday, July 12th. DA Davidson set a $37.00 target price on National Storage Affiliates Trust and gave the company a buy rating in a research note on Thursday, July 12th. Finally, Jefferies Financial Group lowered National Storage Affiliates Trust from a buy rating to a hold rating and set a $32.00 target price on the stock. in a research note on Tuesday, July 17th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $28.36.

Shares of NSA opened at $25.96 on Tuesday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.40 and a beta of 0.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.87. National Storage Affiliates Trust has a 1 year low of $23.10 and a 1 year high of $32.28.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, August 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.27). The firm had revenue of $79.72 million during the quarter, compared to the consensus estimate of $79.68 million. National Storage Affiliates Trust had a net margin of 4.63% and a return on equity of 1.29%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. research analysts anticipate that National Storage Affiliates Trust will post 1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.47%. National Storage Affiliates Trust’s payout ratio is 93.55%.

In related news, Director Chad Leroy Meisinger acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were bought at an average cost of $26.80 per share, for a total transaction of $268,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NSA. Advisors Preferred LLC raised its stake in shares of National Storage Affiliates Trust by 105.7% during the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,823 shares during the period. Eii Capital Management Inc. bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $113,000. Flinton Capital Management LLC purchased a new position in National Storage Affiliates Trust during the first quarter worth about $162,000. Neuburgh Advisers LLC grew its position in National Storage Affiliates Trust by 43.2% during the second quarter. Neuburgh Advisers LLC now owns 5,984 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,804 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in National Storage Affiliates Trust during the first quarter worth about $202,000. Institutional investors own 84.97% 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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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

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