National Storage Affiliates (NYSE:NSA) was up 2.1% during trading on Wednesday . The company traded as high as $21.03 and last traded at $20.93, with a volume of 384,473 shares trading hands. The stock had previously closed at $20.49.

A number of equities research analysts recently commented on NSA shares. Zacks Investment Research cut shares of National Storage Affiliates from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Jefferies Group increased their price objective on shares of National Storage Affiliates from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, May 31st. FBR & Co started coverage on shares of National Storage Affiliates in a research note on Thursday, June 23rd. They issued a “market perform” rating and a $22.00 price objective on the stock. DA Davidson started coverage on shares of National Storage Affiliates in a report on Friday, June 24th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Robert W. Baird restated an “outperform” rating and issued a $25.00 target price (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. National Storage Affiliates presently has a consensus rating of “Buy” and an average price target of $22.36.

The company has a market cap of $489.22 million and a price-to-earnings ratio of 97.05. The firm has a 50-day moving average of $21.52 and a 200 day moving average of $20.07.

National Storage Affiliates (NYSE:NSA) last issued its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $44.69 million. Equities research analysts anticipate 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. increased its position in shares of National Storage Affiliates (NYSE:NSA) by 299.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 about 1.89% of National Storage Affiliates worth $7,451,000 as of its most recent SEC filing.

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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