National Storage Affiliates (NYSE:NSA)’s share price dropped 3% on Friday . The company traded as low as $20.01 and last traded at $20.13, with a volume of 258,040 shares traded. The stock had previously closed at $20.75.

NSA has been the subject of a number of research reports. Zacks Investment Research lowered shares of National Storage Affiliates from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. DA Davidson assumed coverage on shares of National Storage Affiliates in a research report on Friday, June 24th. They issued a “buy” rating and a $25.00 price objective for the company. FBR & Co restated a “hold” rating on shares of National Storage Affiliates in a research report on Tuesday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a research report on Wednesday, July 6th. Finally, Jefferies Group raised 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 report on Tuesday, May 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. National Storage Affiliates has an average rating of “Buy” and an average target price of $22.36.

The company has a market cap of $468.86 million and a price-to-earnings ratio of 75.09. The firm’s 50 day moving average price is $21.39 and its 200 day moving average price is $20.23.

National Storage Affiliates (NYSE:NSA) last issued its earnings results on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The business earned $47.30 million during the quarter, compared to analysts’ expectations of $44.69 million. On average, analysts anticipate that National Storage Affiliates will post $1.07 EPS for the current fiscal 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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