National Storage Affiliates (NSA) Shares Up 1.7%
National Storage Affiliates (NYSE:NSA)’s share price shot up 1.7% during trading on Wednesday . The company traded as high as $20.54 and last traded at $20.53, with a volume of 220,025 shares traded. The stock had previously closed at $20.18.
A number of research firms have recently commented on NSA. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, July 6th. FBR & Co reissued a “hold” rating and set a $22.00 price target on shares of National Storage Affiliates in a report on Tuesday, June 28th. Jefferies Group lifted their price target on shares of National Storage Affiliates from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, May 31st. Finally, DA Davidson began coverage on shares of National Storage Affiliates in a report on Friday, June 24th. They set a “buy” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.36.
The company has a market capitalization of $481.40 million and a P/E ratio of 77.10. The firm has a 50-day moving average price of $21.46 and a 200 day moving average price of $20.20.
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 the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The company earned $47.30 million during the quarter, compared to the consensus estimate of $44.69 million. On average, analysts anticipate that National Storage Affiliates will post $1.07 EPS for the current year.
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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