National Storage Affiliates Trust (NYSE:NSA) Raised to “Hold” at Wall Street Zen

National Storage Affiliates Trust (NYSE:NSA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

NSA has been the topic of a number of other reports. UBS Group cut their price target on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 5th. Truist Financial upped their target price on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Finally, National Bank Financial set a $32.00 price target on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $32.30.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $33.46 on Friday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 54.85 and a beta of 1.19. The firm has a fifty day moving average of $30.72 and a two-hundred day moving average of $30.61.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds have recently bought and sold shares of NSA. Royal Bank of Canada grew its stake in National Storage Affiliates Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after buying an additional 898 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust in the first quarter worth $32,000. Jones Financial Companies Lllp increased its stake in National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 821 shares during the last quarter. Goldman Sachs Group Inc. raised its position in National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after purchasing an additional 27,546 shares in the last quarter. Finally, Empowered Funds LLC raised its position in National Storage Affiliates Trust by 2.0% during the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock valued at $2,420,000 after purchasing an additional 1,209 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.