National Storage Affiliates Trust (NYSE:NSA) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $33.00 price objective on the real estate investment trust’s stock.

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. “

Separately, ValuEngine downgraded National Storage Affiliates Trust from a buy rating to a hold rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $31.00.



NSA opened at $29.86 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of 21.64, a P/E/G ratio of 3.86 and a beta of 0.42. The company has a current ratio of 0.52, a quick ratio of 0.52 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 $32.28.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). The company had revenue of $90.57 million during the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, analysts predict that National Storage Affiliates Trust will post 1.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.32 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 4.29%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s payout ratio is currently 92.75%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $29,000. FMR LLC purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $32,000. Quantamental Technologies LLC purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $44,000. Advisory Alpha LLC purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $45,000. Finally, NumerixS Investment Technologies Inc increased its holdings in National Storage Affiliates Trust by 1,700.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 92.20% 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.

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