ValuEngine Upgrades National Storage Affiliates Trust (NYSE:NSA) to Buy

ValuEngine upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a buy rating in a report published on Tuesday, July 2nd, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 price objective on the stock in a research report on Wednesday, June 12th.

Shares of National Storage Affiliates Trust stock opened at $30.20 on Tuesday. The firm has a 50 day moving average of $29.54. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a fifty-two week low of $24.44 and a fifty-two week high of $30.49. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 3.87 and a beta of 0.35.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted $0.32 EPS. National Storage Affiliates Trust’s revenue was up 18.4% on a year-over-year basis. Equities analysts anticipate that National Storage Affiliates Trust will post 1.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.24%. National Storage Affiliates Trust’s payout ratio is 92.75%.

A number of large investors have recently modified their holdings of NSA. Comerica Bank lifted its position in National Storage Affiliates Trust by 1.1% during the 4th quarter. Comerica Bank now owns 55,233 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 619 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $569,000. LPL Financial LLC raised its holdings in shares of National Storage Affiliates Trust by 4.1% in the 4th quarter. LPL Financial LLC now owns 16,809 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 667 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of National Storage Affiliates Trust by 382.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,352 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 4,243 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of National Storage Affiliates Trust by 11.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,121 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 1,000 shares during the period. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

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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