National Storage Affiliates Trust (NSA) Given Consensus Recommendation of “Hold” by Analysts

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.50.

Several equities analysts recently commented on NSA shares. BidaskClub lowered National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. KeyCorp reiterated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of National Storage Affiliates Trust in a research note on Monday, May 22nd. Finally, Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

National Storage Affiliates Trust (NYSE NSA) opened at 23.42 on Wednesday. The stock has a market capitalization of $1.04 billion, a PE ratio of 89.73 and a beta of 0.76. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $24.86. The stock’s 50 day moving average price is $23.70 and its 200-day moving average price is $24.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.04 annualized dividend and a yield of 4.44%. National Storage Affiliates Trust’s payout ratio is currently 800.06%.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew 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 acquiring an additional 3,878,708 shares during the period. Vaughan Nelson Investment Management L.P. grew 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 acquiring an additional 597,325 shares during the period. Renaissance Technologies LLC grew 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 acquiring an additional 396,500 shares during the period. Driehaus Capital Management LLC purchased a new stake in National Storage Affiliates Trust during the first quarter valued at about $8,828,000. Finally, Vanguard Group Inc. grew 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 acquiring an additional 352,766 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “National Storage Affiliates Trust (NSA) Given Consensus Recommendation of “Hold” by Analysts” was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/09/13/national-storage-affiliates-trust-nsa-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Latest News

Leave a Reply