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

NSA has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of National Storage Affiliates in a research note on Friday, June 24th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, July 6th. Jefferies Group upped their target price on shares of National Storage Affiliates from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, May 31st. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a report on Tuesday, August 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 target price (up previously from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.36.

The company has a market cap of $469.56 million and a PE ratio of 75.20. The company has a 50-day moving average price of $21.19 and a 200 day moving average price of $20.36.

National Storage Affiliates (NYSE:NSA) last announced its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that National Storage Affiliates will post $1.08 earnings per share 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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