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

Shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $46.90.

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

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $36.60 on Thursday. National Storage Affiliates Trust has a 52-week low of $34.90 and a 52-week high of $58.31. The firm has a fifty day moving average of $39.45 and a 200-day moving average of $39.41. The firm has a market capitalization of $3.23 billion, a P/E ratio of 36.60, a PEG ratio of 8.74 and a beta of 0.72. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.76.

National Storage Affiliates Trust (NYSE:NSA – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The real estate investment trust reported $0.31 earnings per share (EPS) 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 business had revenue of $208.72 million during the quarter, compared to analyst estimates of $204.82 million. During the same period in the previous year, the company earned $0.64 EPS. National Storage Affiliates Trust’s revenue was up 20.2% on a year-over-year basis. As a group, analysts predict that National Storage Affiliates Trust will post 2.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in National Storage Affiliates Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 13,004,835 shares of the real estate investment trust’s stock valued at $816,183,000 after acquiring an additional 179,504 shares during the last quarter. State Street Corp raised its holdings in shares of National Storage Affiliates Trust by 14.1% during the first quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock worth $304,029,000 after purchasing an additional 598,640 shares during the period. Wasatch Advisors LP raised its holdings in shares of National Storage Affiliates Trust by 3.7% during the first quarter. Wasatch Advisors LP now owns 3,719,351 shares of the real estate investment trust’s stock worth $155,394,000 after purchasing an additional 132,394 shares during the period. Invesco Ltd. raised its holdings in shares of National Storage Affiliates Trust by 4.9% during the first quarter. Invesco Ltd. now owns 2,638,737 shares of the real estate investment trust’s stock worth $165,608,000 after purchasing an additional 122,899 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of National Storage Affiliates Trust by 6.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,039,540 shares of the real estate investment trust’s stock worth $84,804,000 after purchasing an additional 126,706 shares during the period. 85.26% of the stock is currently owned by institutional investors.

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.