National Storage Affiliates Trust (NYSE:NSA)‘s stock had its “buy” rating restated by analysts at Robert W. Baird in a research note issued on Wednesday. They currently have a $27.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 11.89% from the company’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Group LLC dropped their price target on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, August 18th. BidaskClub cut National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. KeyCorp reissued a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Finally, Zacks Investment Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.20.

Shares of National Storage Affiliates Trust (NYSE NSA) traded down 0.21% during mid-day trading on Wednesday, reaching $24.08. 231,590 shares of the company’s stock were exchanged. National Storage Affiliates Trust has a 52 week low of $18.91 and a 52 week high of $24.86. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 92.26 and a beta of 0.79. The stock has a 50 day moving average price of $23.92 and a 200 day moving average price of $23.92.

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In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.70% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. boosted its position in National Storage Affiliates Trust by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 482,991 shares of the real estate investment trust’s stock valued at $11,162,000 after buying an additional 20,925 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of National Storage Affiliates Trust by 3.4% during the second quarter. Public Employees Retirement System of Ohio now owns 48,940 shares of the real estate investment trust’s stock valued at $1,131,000 after acquiring an additional 1,624 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter valued at about $221,000. The Manufacturers Life Insurance Company grew its stake in shares of National Storage Affiliates Trust by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 33,934 shares of the real estate investment trust’s stock valued at $785,000 after acquiring an additional 5,953 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of National Storage Affiliates Trust by 290.3% during the second quarter. Cubist Systematic Strategies LLC now owns 40,440 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 30,078 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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