National Storage Affiliates Trust (NYSE:NSA) Stock Rating Reaffirmed by Wells Fargo & Co

National Storage Affiliates Trust (NYSE:NSA)‘s stock had its “buy” rating restated by analysts at Wells Fargo & Co in a research report issued on Monday, AnalystRatings.com reports.

A number of other research analysts have also commented on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus initiated coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They set a “buy” rating and a $36.00 target price on the stock. BMO Capital Markets restated a “hold” rating and issued a $26.00 target price on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Robert W. Baird set a $37.00 price target on National Storage Affiliates Trust and gave the company a “buy” rating in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.83.

Shares of NSA opened at $34.11 on Monday. The firm has a 50-day moving average price of $33.61 and a 200 day moving average price of $31.99. The firm has a market capitalization of $2.06 billion, a PE ratio of 24.72, a P/E/G ratio of 4.40 and a beta of 0.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.26. National Storage Affiliates Trust has a 52-week low of $25.11 and a 52-week high of $35.76.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The company had revenue of $101.34 million for the quarter, compared to analyst estimates of $100.49 million. During the same period in the previous year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. On average, equities analysts expect that National Storage Affiliates Trust will post 1.53 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan grew its stake in shares of National Storage Affiliates Trust by 2.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,960 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 380 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in National Storage Affiliates Trust by 17.8% during the third quarter. Pictet Asset Management Ltd. now owns 11,900 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 1,800 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in National Storage Affiliates Trust by 23.6% during the third quarter. New York State Teachers Retirement System now owns 48,692 shares of the real estate investment trust’s stock worth $1,625,000 after buying an additional 9,300 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in National Storage Affiliates Trust during the second quarter worth approximately $166,000. Finally, Forward Management LLC grew its position in National Storage Affiliates Trust by 7.5% in the third quarter. Forward Management LLC now owns 21,540 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 93.09% 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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