National Storage Affiliates Trust (NYSE:NSA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a note issued to investors on Wednesday. They presently have a $27.00 target price on the real estate investment trust’s stock. Robert W. Baird’s target price suggests a potential upside of 11.52% from the stock’s current price.

A number of other analysts also recently issued reports on NSA. Jefferies Group LLC decreased their price objective on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a report on Friday, August 18th. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $24.75.

Shares of National Storage Affiliates Trust (NYSE NSA) traded up 0.33% during mid-day trading on Wednesday, hitting $24.21. 414,873 shares of the company traded hands. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 92.76 and a beta of 0.79. The firm has a 50-day moving average of $23.93 and a 200-day moving average of $23.93. National Storage Affiliates Trust has a one year low of $18.91 and a one year high of $24.86.

ILLEGAL ACTIVITY WARNING: “National Storage Affiliates Trust’s (NSA) Buy Rating Reaffirmed at Robert W. Baird” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/04/national-storage-affiliates-trusts-nsa-buy-rating-reaffirmed-at-robert-w-baird.html.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $22.06, for a total transaction of $661,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.70% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Phocas Financial Corp. boosted its position in National Storage Affiliates Trust by 4.5% during the second quarter. Phocas Financial Corp. now owns 482,991 shares of the real estate investment trust’s stock worth $11,162,000 after purchasing an additional 20,925 shares during the period. Public Employees Retirement System of Ohio boosted its position in National Storage Affiliates Trust by 3.4% during the second quarter. Public Employees Retirement System of Ohio now owns 48,940 shares of the real estate investment trust’s stock worth $1,131,000 after purchasing an additional 1,624 shares during the period. Piedmont Investment Advisors LLC bought a new position in National Storage Affiliates Trust during the second quarter worth about $221,000. The Manufacturers Life Insurance Company boosted its position in National Storage Affiliates Trust by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 33,934 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 5,953 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in National Storage Affiliates Trust by 290.3% during the second quarter. Cubist Systematic Strategies LLC now owns 40,440 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 30,078 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

About National Storage Affiliates Trust

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.

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.