National Storage Affiliates (NYSE:NSA) shares saw strong trading volume on Friday . 2,546,279 shares traded hands during trading, an increase of 217% from the previous session’s volume of 802,230 shares.The stock last traded at $21.37 and had previously closed at $21.07.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of National Storage Affiliates from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Morgan Stanley lowered shares of National Storage Affiliates from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $16.00 to $22.00 in a research note on Thursday, April 7th. They noted that the move was a valuation call. Jefferies Group lowered shares of National Storage Affiliates from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Tuesday, April 5th. Robert W. Baird restated an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a research note on Wednesday, July 6th. Finally, FBR & Co restated a “hold” rating and set a $22.00 price objective on shares of National Storage Affiliates in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.64.

The stock has a market cap of $491.60 million and a P/E ratio of 40.02. The firm has a 50-day moving average of $21.52 and a 200-day moving average of $19.85.

National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm earned $39.65 million during the quarter, compared to the consensus estimate of $40.35 million. Equities research analysts predict that National Storage Affiliates will post $1.07 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently modified their holdings of the company. Russell Frank Co raised its position 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 valued at $4,038,000 after buying an additional 123,306 shares in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $7,451,000 after buying an additional 325,959 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of National Storage Affiliates by 3.4% in the fourth quarter. OppenheimerFunds Inc. now owns 1,258,348 shares of the real estate investment trust’s stock valued at $21,555,000 after buying an additional 40,905 shares in the last quarter.

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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