National Storage Affiliates (NYSE:NSA) fell 1.9% during mid-day trading on Friday . The stock traded as low as $20.06 and last traded at $20.16, with a volume of 90,621 shares traded. The stock had previously closed at $20.54.

Several research firms have issued reports on NSA. Zacks Investment Research upgraded National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 6th. Jefferies Group dropped their target price on National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. 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 set a $25.00 target price (up previously from $24.00) on shares of National Storage Affiliates in a research report on Wednesday, July 6th. Finally, DA Davidson began coverage on National Storage Affiliates in a research report on Friday, June 24th. They set a “buy” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.36.

The stock has a 50 day moving average price of $21.24 and a 200 day moving average price of $20.33. The firm has a market cap of $469.56 million and a P/E ratio of 75.20.

National Storage Affiliates (NYSE:NSA) last announced its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm earned $47.30 million during the quarter, compared to analysts’ expectations of $44.69 million. Analysts expect that National Storage Affiliates will post $1.08 EPS for the current fiscal year.

An institutional investor recently raised its position in National Storage Affiliates stock. Schwab Charles Investment Management Inc. boosted its position in National Storage Affiliates (NYSE:NSA) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,852 shares of the real estate investment trust’s stock after buying an additional 23,555 shares during the period. Schwab Charles Investment Management Inc. owned about 0.59% of National Storage Affiliates worth $2,345,000 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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