National Storage Affiliates Trust (NYSE:NSA) Given Consensus Rating of “Hold” by Analysts

National Storage Affiliates Trust (NYSE:NSA – Get Rating) has received a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $46.90.

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of National Storage Affiliates Trust in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Wolfe Research lowered shares of National Storage Affiliates Trust from a “peer perform” rating to an “underperform” rating in a report on Wednesday, April 12th. Finally, Bank of America lowered shares of National Storage Affiliates Trust from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $48.00 to $38.00 in a report on Monday, May 8th.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in National Storage Affiliates Trust by 1,071.9% during the 1st quarter. Advisory Services Network LLC now owns 668 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 611 shares during the period. Mendota Financial Group LLC acquired a new position in National Storage Affiliates Trust during the 4th quarter valued at about $29,000. Fifth Third Bancorp lifted its position in National Storage Affiliates Trust by 194.8% during the 1st quarter. Fifth Third Bancorp now owns 737 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 487 shares during the period. Tucker Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 1st quarter valued at about $37,000. Finally, Belpointe Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 4th quarter valued at about $42,000. Institutional investors own 85.26% of the company’s stock.

National Storage Affiliates Trust Trading Down 1.8 %

Shares of National Storage Affiliates Trust stock opened at $36.60 on Thursday. The firm has a market capitalization of $3.23 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 8.74 and a beta of 0.72. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.66 and a quick ratio of 0.66. The company’s fifty day moving average price is $39.45 and its two-hundred day moving average price is $39.41. National Storage Affiliates Trust has a 52-week low of $34.90 and a 52-week high of $58.31.

National Storage Affiliates Trust (NYSE:NSA – Get Rating) last posted its earnings results on Tuesday, February 28th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.40). National Storage Affiliates Trust had a return on equity of 4.93% and a net margin of 13.07%. The firm had revenue of $208.72 million during the quarter, compared to the consensus estimate of $204.82 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts expect that National Storage Affiliates Trust will post 2.83 EPS for the current year.

About National Storage Affiliates Trust

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National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.