National Storage Affiliates (NSA) Upgraded by Vetr Inc. to “Strong-Buy”
National Storage Affiliates (NYSE:NSA) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The firm currently has a $22.00 price target on the real estate investment trust’s stock. Vetr‘s price target would suggest a potential upside of 12.02% from the stock’s previous close.
Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, October 5th. Jefferies Group raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and lifted their price target for the company from $22.00 to $24.00 in a research report on Wednesday, September 21st. DA Davidson set a $26.00 price target on shares of National Storage Affiliates and gave the company a “buy” rating in a research report on Thursday, September 15th. FBR & Co reissued a “hold” rating on shares of National Storage Affiliates in a research report on Monday, September 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $25.00 price target (up previously from $24.00) on shares of National Storage Affiliates in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.56.
National Storage Affiliates (NYSE:NSA) traded down 0.51% during trading on Tuesday, hitting $19.64. 282,398 shares of the company’s stock traded hands. National Storage Affiliates has a 52-week low of $14.00 and a 52-week high of $22.86. The company has a market cap of $455.86 million, a PE ratio of 73.01 and a beta of 0.63. The company’s 50 day moving average price is $20.13 and its 200 day moving average price is $20.75.
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National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. National Storage Affiliates had a net margin of 11.53% and a return on equity of 3.46%. The business earned $47.30 million during the quarter, compared to the consensus estimate of $44.69 million. Analysts expect that National Storage Affiliates will post $1.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.48%. The ex-dividend date was Tuesday, September 13th. National Storage Affiliates’s dividend payout ratio (DPR) is presently 338.47%.
Hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board increased its stake in shares of National Storage Affiliates by 45.5% in the third quarter. New Mexico Educational Retirement Board now owns 4,800 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,500 shares during the period. IFP Advisors Inc increased its stake in shares of National Storage Affiliates by 146.5% in the second quarter. IFP Advisors Inc now owns 7,992 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,750 shares during the period. Sigma Planning Corp acquired a new stake in shares of National Storage Affiliates during the second quarter valued at about $208,000. Brant Point Investment Management LLC acquired a new stake in shares of National Storage Affiliates during the second quarter valued at about $208,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of National Storage Affiliates during the second quarter valued at about $232,000. 97.01% of the stock is currently owned by institutional investors.
About National Storage Affiliates
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 segment consists of investments in self-storage properties located in the United States.
To view Vetr’s full report, visit Vetr’s official website.
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