Wells Fargo & Company upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a market perform rating to an outperform rating in a research note released on Tuesday morning. They currently have $30.00 target price on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on NSA. KeyCorp reiterated a hold rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. BidaskClub upgraded shares of National Storage Affiliates Trust from a strong sell rating to a sell rating in a research report on Friday, August 25th. Robert W. Baird reiterated a buy rating and set 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 shares of National Storage Affiliates Trust and gave the company a hold rating in a research report on Wednesday, October 4th. Finally, B. Riley reiterated a neutral rating and set a $23.00 target price on shares of National Storage Affiliates Trust in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. National Storage Affiliates Trust presently has a consensus rating of Hold and an average target price of $26.67.

National Storage Affiliates Trust (NYSE NSA) opened at $27.41 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. National Storage Affiliates Trust has a 1 year low of $21.15 and a 1 year high of $28.55. The stock has a market cap of $1,351.34, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.92 and a beta of 0.80.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Thursday, December 14th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. National Storage Affiliates Trust’s payout ratio is presently 700.04%.

Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors increased its stake in National Storage Affiliates Trust by 16.8% during the 2nd quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock valued at $1,222,000 after purchasing an additional 7,592 shares in the last quarter. Northern Trust Corp increased its stake in National Storage Affiliates Trust by 12.5% during the 2nd quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock valued at $17,170,000 after purchasing an additional 82,530 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in National Storage Affiliates Trust by 15.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 126,655 shares of the real estate investment trust’s stock valued at $2,927,000 after purchasing an additional 17,030 shares in the last quarter. Numeric Investors LLC bought a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $1,195,000. Finally, BNP Paribas Arbitrage SA increased its stake in National Storage Affiliates Trust by 32.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,642 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 8,991 shares in the last quarter. Institutional investors and hedge funds own 83.92% of the company’s stock.

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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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