National Storage Affiliates Trust (NYSE:NSA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage presently has a $33.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.41% from the company’s previous close.

According to Zacks, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States. “

Separately, ValuEngine cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.

NYSE NSA opened at $29.62 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.52. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $32.28. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 3.89 and a beta of 0.41.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The business had revenue of $90.57 million for the quarter, compared to analyst estimates of $93.25 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 1.51 EPS for the current year.

Several large investors have recently made changes to their positions in NSA. Tompkins Financial Corp purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $29,000. FMR LLC purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $32,000. Quantamental Technologies LLC purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $44,000. Advisory Alpha LLC purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $45,000. Finally, NumerixS Investment Technologies Inc boosted its stake in shares of National Storage Affiliates Trust by 1,700.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,700 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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