National Storage Affiliates (NYSE:NSA) shares traded up 3.4% during trading on Tuesday . The company traded as high as $22.19 and last traded at $22.08, with a volume of 986,781 shares changing hands. The stock had previously closed at $21.35.

A number of research analysts have commented on the company. Zacks Investment Research lowered National Storage Affiliates from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Morgan Stanley lowered National Storage Affiliates from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $16.00 to $22.00 in a report on Thursday, April 7th. They noted that the move was a valuation call. Jefferies Group lowered National Storage Affiliates from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a report on Tuesday, April 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday. Finally, FBR & Co reaffirmed a “hold” rating and issued a $22.00 price objective on shares of National Storage Affiliates in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.64.

The firm’s 50 day moving average price is $21.03 and its 200-day moving average price is $19.29. The company has a market capitalization of $515.52 million and a PE ratio of 41.97.

National Storage Affiliates (NYSE:NSA) last issued its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $39.65 million for the quarter, compared to the consensus estimate of $40.35 million. Analysts anticipate that National Storage Affiliates will post $1.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.22 per share. This is an increase from National Storage Affiliates’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.93%.

A number of hedge funds have modified their holdings of NSA. Neuberger Berman Group LLC raised its stake in shares of National Storage Affiliates by 0.3% in the fourth quarter. Neuberger Berman Group LLC now owns 179,590 shares of the real estate investment trust’s stock worth $3,076,000 after buying an additional 460 shares during the period. EAM Investors LLC raised its stake in shares of National Storage Affiliates by 27.4% in the fourth quarter. EAM Investors LLC now owns 233,385 shares of the real estate investment trust’s stock worth $3,998,000 after buying an additional 50,164 shares during the period. Russell Frank Co raised its stake in shares of National Storage Affiliates by 109.8% in the fourth quarter. Russell Frank Co now owns 235,592 shares of the real estate investment trust’s stock worth $4,038,000 after buying an additional 123,306 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of National Storage Affiliates during the fourth quarter worth approximately $5,622,000. Finally, Principal Financial Group Inc. raised its stake in shares of National Storage Affiliates by 299.0% in the fourth quarter. Principal Financial Group Inc. now owns 434,959 shares of the real estate investment trust’s stock worth $7,451,000 after buying an additional 325,959 shares during the period.

National Storage Affiliates Trust (NSA) is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. It serves as the general partner of, and operates its business through its operating partnership subsidiary, NSA OP, LP.

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