National Storage Affiliates Trust (NYSE:NSA) Raised to “Buy” at Zacks Investment Research – DigitalMunition




Hacking News National Storage Affiliates Trust (NYSE:NSA) Raised to “Buy” at Zacks Investment Research

Published on November 19th, 2019 📆 | 3595 Views ⚑

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National Storage Affiliates Trust (NYSE:NSA) Raised to “Buy” at Zacks Investment Research

National Storage Affiliates Trust (NYSE:NSA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The firm currently has a $36.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.40% from the company’s current price.

According to Zacks, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States. “

A number of other research analysts have also weighed in on the company. Robert W. Baird set a $37.00 price objective on National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Co raised their price objective on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley raised their price objective on National Storage Affiliates Trust from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus initiated coverage on National Storage Affiliates Trust in a research report on Monday, August 19th. They set a “buy” rating and a $36.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. National Storage Affiliates Trust currently has a consensus rating of “Buy” and an average price target of $33.83.

NSA stock traded up $0.04 on Thursday, reaching $32.61. 324,401 shares of the company traded hands, compared to its average volume of 366,351. National Storage Affiliates Trust has a one year low of $25.11 and a one year high of $35.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $1.94 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 4.19 and a beta of 0.32. The firm has a fifty day simple moving average of $33.81 and a 200-day simple moving average of $31.58.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The company had revenue of $101.34 million for the quarter, compared to the consensus estimate of $100.49 million. During the same period last year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 1.53 EPS for the current year.

Several institutional investors have recently bought and sold shares of NSA. Forward Management LLC boosted its stake in shares of National Storage Affiliates Trust by 7.5% in the 3rd quarter. Forward Management LLC now owns 21,540 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 1,500 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in National Storage Affiliates Trust by 6.3% during the third quarter. TimesSquare Capital Management LLC now owns 730,095 shares of the real estate investment trust’s stock valued at $24,363,000 after purchasing an additional 43,000 shares in the last quarter. Boston Advisors LLC lifted its position in National Storage Affiliates Trust by 33.0% during the third quarter. Boston Advisors LLC now owns 59,919 shares of the real estate investment trust’s stock valued at $1,999,000 after purchasing an additional 14,863 shares in the last quarter. Mason Street Advisors LLC lifted its position in National Storage Affiliates Trust by 6.0% during the third quarter. Mason Street Advisors LLC now owns 20,134 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 1,147 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in National Storage Affiliates Trust by 70.2% during the third quarter. SG Americas Securities LLC now owns 9,638 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 3,974 shares in the last quarter. 94.86% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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