DA Davidson Initiates Coverage on National Storage Affiliates Trust to Buy

DA Davidson Initiates Coverage on National Storage Affiliates Trust(NYSE:NSA). The shares have been rated Buy. The rating by DA Davidson was issued on Jun 24, 2016.

In a different note, FBR Capital said it Initiates Coverage on National Storage Affiliates Trust, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Market Perform’ by the firm. On May 31, 2016, Jefferies said it Maintains its rating on National Storage Affiliates Trust. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 7, 2016, Morgan Stanley said it Downgrades its rating on National Storage Affiliates Trust. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Apr 5, 2016, Jefferies said it Downgrades its rating on National Storage Affiliates Trust. The shares have been rated ‘Hold’ by the firm. Baird said it Initiates Coverage on National Storage Affiliates Trust, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Outperform’ by the firm.

National Storage Affiliates Trust (NSA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.88% or 0.19 points. Due to strong positive momentum, the stock ended at $21.76, which is also near the day’s high of $21.94. The stock began the session at $21.75 and the volume stood at 8,07,461 shares. The 52-week high of the shares is $22.78 and the 52 week low is $11.5. The company has a current market capitalization of $501 M and it has 2,30,23,841 shares in outstanding.

National Storage Affiliates Trust(NSA) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $39.65M. Analysts had an estimated revenue of $40.35M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Paul William Jr Hylbert (director) purchased 100 shares at $18.84 per share price.Also, On Aug 26, 2015, Tamara D Fischer (CFO) purchased 2,000 shares at $12.16 per share price.On Aug 18, 2015, Kevin Maxen Howard (director 10% owner) purchased 13,500 shares at $12.80 per share price, according to the Form-4 filing with the securities and exchange commission.

National Storage Affiliates Trust (NSA) is a real estate investment trust focused on the ownership operation and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. It serves as the general partner of and operates its business through its operating partnership subsidiary NSA OP LP. Its participating regional operators (PROs) include SecurCare Self Storage Northwest Self Storage Optivest Properties Guardian Storage Move It and Storage Solutions. Its PRO entered into a facilities portfolio management agreement with the Company with respect to its contributed portfolio together with asset management agreements for each property. Its FindLocalStorage.com provides an online self-storage search solution for customers and valuable leads for the Company’s properties. The Company’s portfolio includes over 225 self-storage properties located across 13 states with approximately 12.4 million rentable square feet.

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