Todays Report: Today, National Storage Affiliates (NSA) gets Buy status at Vetr Inc.

Today, National Storage Affiliates (NSA) gets Buy status at Vetr Inc.

National Storage Affiliates (NYSE:NSA) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $22.00 price objective on the real estate investment trust’s stock. Vetr‘s price target would indicate a potential upside of 6.28% from the company’s current price.

A number of other equities research analysts have also recently commented on NSA. Zacks Investment Research cut shares of National Storage Affiliates from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. FBR & Co restated a “hold” rating on shares of National Storage Affiliates in a research note on Tuesday, August 9th. Jefferies Group reduced their price objective on shares of 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. Finally, DA Davidson set a $26.00 price objective on shares of National Storage Affiliates and gave the company a “buy” rating in a research report on Thursday, September 15th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.56.

Shares of National Storage Affiliates (NYSE:NSA) traded up 0.83% during midday trading on Monday, hitting $20.70. 63,514 shares of the stock were exchanged. The firm has a 50-day moving average of $19.73 and a 200-day moving average of $20.62. National Storage Affiliates has a 1-year low of $15.67 and a 1-year high of $22.86. The company has a market capitalization of $743.05 million, a P/E ratio of 62.92 and a beta of 0.72.

National Storage Affiliates (NYSE:NSA) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. National Storage Affiliates had a net margin of 7.95% and a return on equity of 2.31%. The company had revenue of $52.95 million for the quarter, compared to analysts’ expectations of $51.27 million. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue was up 48.4% compared to the same quarter last year. On average, equities analysts expect that National Storage Affiliates will post $1.10 EPS for the current year.

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of National Storage Affiliates by 265.5% in the second quarter. Vanguard Group Inc. now owns 3,275,083 shares of the real estate investment trust’s stock valued at $68,186,000 after buying an additional 2,378,938 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of National Storage Affiliates by 109.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,752,797 shares of the real estate investment trust’s stock valued at $36,704,000 after buying an additional 915,811 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of National Storage Affiliates by 1,385.9% in the second quarter. Royal Bank of Canada now owns 743,392 shares of the real estate investment trust’s stock valued at $15,479,000 after buying an additional 693,363 shares in the last quarter. Numeric Investors LLC boosted its stake in shares of National Storage Affiliates by 427.7% in the second quarter. Numeric Investors LLC now owns 780,885 shares of the real estate investment trust’s stock valued at $16,258,000 after buying an additional 632,909 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of National Storage Affiliates during the third quarter valued at $12,210,000. Institutional investors own 90.49% of the company’s stock.

National Storage Affiliates 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 segment consists of investments in self-storage properties located in the United States.

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