Shares of National Storage Affiliates (NYSE:NSA) were down 3% during mid-day trading on Friday . The company traded as low as $20.01 and last traded at $20.13, with a volume of 258,040 shares changing hands. The stock had previously closed at $20.75.

A number of analysts have recently issued reports on NSA shares. 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 price objective on the stock. Zacks Investment Research upgraded shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 6th. Jefferies Group lifted their price objective 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. FBR & Co reiterated a “hold” rating on shares of National Storage Affiliates in a report on Tuesday, August 9th. Finally, Robert W. Baird reiterated 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, July 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $22.36.

The firm has a 50-day moving average price of $21.41 and a 200 day moving average price of $20.21. The stock has a market cap of $468.86 million and a price-to-earnings ratio of 75.09.

National Storage Affiliates (NYSE:NSA) last released its earnings results 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 firm had revenue of $47.30 million for the quarter, compared to analyst estimates of $44.69 million. 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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