National Storage Affiliates (NYSE:NSA)’s share price was down 1.5% on Wednesday . The stock traded as low as $21.16 and last traded at $21.21, with a volume of 164,966 shares trading hands. The stock had previously closed at $21.53.

Several equities analysts have recently weighed in on NSA shares. DA Davidson assumed coverage on shares of National Storage Affiliates in a report on Friday, June 24th. They set a “buy” rating and a $25.00 target price for the company. FBR & Co reissued a “marketperform” rating and issued a $22.00 price target on shares of National Storage Affiliates in a report on Wednesday, June 22nd. Jefferies Group boosted their price target on shares of National Storage Affiliates from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, May 31st. Robert W. Baird reissued an “outperform” rating and issued a $25.00 price target (up previously from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Finally, Morgan Stanley assumed coverage on shares of National Storage Affiliates in a report on Saturday, April 9th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.64.

The firm has a market cap of $480.78 million and a P/E ratio of 39.14. The stock has a 50 day moving average of $21.58 and a 200 day moving average of $19.97.

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, hitting analysts’ consensus estimates of $0.25. The company had revenue of $39.65 million for the quarter, compared to analysts’ expectations of $40.35 million. Equities analysts forecast that National Storage Affiliates will post $1.07 earnings per share for the current year.

An institutional investor recently raised its position in National Storage Affiliates stock. Principal Financial Group Inc. raised its position in National Storage Affiliates (NYSE:NSA) by 299.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 434,959 shares of the real estate investment trust’s stock after buying an additional 325,959 shares during the period. Principal Financial Group Inc. owned 1.89% of National Storage Affiliates worth $7,451,000 at the end of the most recent 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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