B. Riley set a $23.00 price objective on National Storage Affiliates Trust (NYSE:NSA) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on NSA. Robert W. Baird reissued a buy rating and issued a $27.00 target price on shares of National Storage Affiliates Trust in a research report on Wednesday, October 4th. FBR & Co set a $23.00 target price on National Storage Affiliates Trust and gave the stock a hold rating in a research report on Wednesday, October 4th. Zacks Investment Research downgraded National Storage Affiliates Trust from a hold rating to a sell rating in a research report on Wednesday, August 2nd. BidaskClub raised National Storage Affiliates Trust from a strong sell rating to a sell rating in a research report on Friday, August 25th. Finally, KeyCorp reissued a hold rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $25.00.

Shares of National Storage Affiliates Trust (NSA) opened at $25.80 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. National Storage Affiliates Trust has a 52-week low of $19.53 and a 52-week high of $26.50. The stock has a market capitalization of $1,147.40, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.34%. National Storage Affiliates Trust’s payout ratio is 650.04%.

Several hedge funds and other institutional investors have recently made changes to their positions in NSA. California Public Employees Retirement System grew its position in shares of National Storage Affiliates Trust by 13.9% in the first quarter. California Public Employees Retirement System now owns 37,600 shares of the real estate investment trust’s stock valued at $899,000 after purchasing an additional 4,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of National Storage Affiliates Trust by 5.7% in the first quarter. Vanguard Group Inc. now owns 5,064,667 shares of the real estate investment trust’s stock valued at $121,046,000 after purchasing an additional 273,843 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of National Storage Affiliates Trust by 100.6% in the first quarter. Dimensional Fund Advisors LP now owns 525,653 shares of the real estate investment trust’s stock valued at $12,563,000 after purchasing an additional 263,647 shares in the last quarter. BlackRock Inc. grew its position in shares of National Storage Affiliates Trust by 9,245.1% in the first quarter. BlackRock Inc. now owns 3,920,662 shares of the real estate investment trust’s stock valued at $93,703,000 after purchasing an additional 3,878,708 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of National Storage Affiliates Trust by 24.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 398,682 shares of the real estate investment trust’s stock valued at $9,529,000 after purchasing an additional 77,816 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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