National Storage Affiliates Trust (NYSE:NSA) Sets New 12-Month High at $37.20

National Storage Affiliates Trust (NYSE:NSA) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $37.20 and last traded at $37.14, with a volume of 19861 shares trading hands. The stock had previously closed at $36.71.

NSA has been the subject of several research analyst reports. BMO Capital Markets restated a “hold” rating and set a $26.00 price objective on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. Wells Fargo & Co restated a “buy” rating on shares of National Storage Affiliates Trust in a research report on Monday, December 9th. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, SunTrust Banks downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.29.

The firm’s fifty day moving average price is $34.71 and its 200-day moving average price is $33.52. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -80.55, a P/E/G ratio of 4.34 and a beta of 0.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.64 and a quick ratio of 0.64.

Several large investors have recently made changes to their positions in NSA. Millennium Management LLC increased its holdings in shares of National Storage Affiliates Trust by 860.8% during the third quarter. Millennium Management LLC now owns 954,770 shares of the real estate investment trust’s stock worth $31,860,000 after buying an additional 1,080,270 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of National Storage Affiliates Trust by 288.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 510,615 shares of the real estate investment trust’s stock worth $17,167,000 after buying an additional 379,118 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $9,692,000. State Street Corp increased its holdings in shares of National Storage Affiliates Trust by 3.1% during the third quarter. State Street Corp now owns 3,143,735 shares of the real estate investment trust’s stock worth $104,906,000 after buying an additional 93,419 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of National Storage Affiliates Trust by 68.6% during the fourth quarter. California Public Employees Retirement System now owns 229,549 shares of the real estate investment trust’s stock worth $7,717,000 after buying an additional 93,405 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.

National Storage Affiliates Trust Company Profile (NYSE:NSA)

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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