National Storage Affiliates Trust (NYSE:NSA) received a $23.00 price objective from stock analysts at FBR & Co in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. FBR & Co’s price target indicates a potential downside of 4.64% from the company’s previous close. FBR & Co also issued estimates for National Storage Affiliates Trust’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.32 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $1.40 EPS.

A number of other analysts have also weighed in on NSA. BidaskClub lowered National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reduced their target price on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. KeyCorp reiterated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $27.00 price target on shares of National Storage Affiliates Trust in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus target price of $24.75.

National Storage Affiliates Trust (NSA) traded down 0.37% during mid-day trading on Wednesday, reaching $24.12. 206,479 shares of the company traded hands. The company’s 50 day moving average price is $23.93 and its 200 day moving average price is $23.93. National Storage Affiliates Trust has a 12-month low of $18.91 and a 12-month high of $24.86. The firm has a market capitalization of $1.07 billion, a P/E ratio of 92.41 and a beta of 0.79.

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In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of NSA. BlackRock Inc. boosted its position in National Storage Affiliates Trust by 9,245.1% during the first quarter. BlackRock Inc. now owns 3,920,662 shares of the real estate investment trust’s stock valued at $93,703,000 after purchasing an additional 3,878,708 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in National Storage Affiliates Trust by 65.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock valued at $34,779,000 after purchasing an additional 597,325 shares in the last quarter. Renaissance Technologies LLC boosted its position in National Storage Affiliates Trust by 53.1% during the second quarter. Renaissance Technologies LLC now owns 1,143,600 shares of the real estate investment trust’s stock valued at $26,429,000 after purchasing an additional 396,500 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in National Storage Affiliates Trust during the first quarter valued at about $8,828,000. Finally, Vanguard Group Inc. boosted its position in National Storage Affiliates Trust by 7.0% during the second quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock valued at $125,198,000 after purchasing an additional 352,766 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

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.

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