National Storage Affiliates Trust (NYSE:NSA) Upgraded 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.

Several other brokerages have also issued reports on NSA. Mizuho lifted their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $32.00 in a research note on Friday, December 5th. Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Thursday, January 22nd. Finally, UBS Group lowered their price objective on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $32.30.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $33.46 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62. The firm has a market capitalization of $2.57 billion, a PE ratio of 54.85 and a beta of 1.19. The company has a 50 day moving average price of $30.72 and a 200-day moving average price of $30.61.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds have recently made changes to their positions in NSA. Royal Bank of Canada grew its stake in shares of 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 purchasing an additional 898 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $32,000. Jones Financial Companies Lllp grew its stake in National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of National Storage Affiliates Trust by 42.5% in 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 during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of 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 worth $2,420,000 after buying an additional 1,209 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

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.