National Storage Affiliates Trust (NSA) Given a $23.00 Price Target at B. Riley

B. Riley set a $23.00 target price on National Storage Affiliates Trust (NYSE:NSA) in a research note issued to investors on Tuesday. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on NSA. Robert W. Baird restated a buy rating and set a $29.00 price target on shares of National Storage Affiliates Trust in a report on Wednesday, November 29th. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the company a hold rating in a report on Wednesday, October 4th. SunTrust Banks restated a hold rating and set a $24.00 price target on shares of National Storage Affiliates Trust in a report on Friday, November 24th. Jefferies Group set a $31.00 price target on National Storage Affiliates Trust and gave the company a buy rating in a report on Tuesday, November 28th. Finally, Wells Fargo & Co upgraded National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 price target for the company in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $26.67.

National Storage Affiliates Trust (NSA) traded up $0.13 during midday trading on Tuesday, reaching $26.03. The company’s stock had a trading volume of 545,500 shares, compared to its average volume of 618,710. The stock has a market cap of $1,290.00 and a PE ratio of 137.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. National Storage Affiliates Trust has a fifty-two week low of $21.17 and a fifty-two week high of $28.55.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.30). National Storage Affiliates Trust had a net margin of 4.96% and a return on equity of 1.29%. equities analysts predict that National Storage Affiliates Trust will post 1.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.28 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, December 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.30%. National Storage Affiliates Trust’s payout ratio is 589.47%.

Several institutional investors have recently made changes to their positions in NSA. Nationwide Fund Advisors lifted its stake in shares of National Storage Affiliates Trust by 16.8% during the 2nd quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock worth $1,222,000 after acquiring an additional 7,592 shares during the last quarter. Northern Trust Corp lifted its stake in shares of National Storage Affiliates Trust by 12.5% during the 2nd quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock worth $17,170,000 after acquiring an additional 82,530 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $403,000. Numeric Investors LLC bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $1,195,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of National Storage Affiliates Trust by 32.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,642 shares of the real estate investment trust’s stock worth $888,000 after acquiring an additional 8,991 shares during the last quarter. Hedge funds and other institutional investors own 83.92% of the company’s stock.

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National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

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

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