Jefferies Upgrades National Storage Affiliates Trust to Buy with Price Target $24.00

Brokerage firm Jefferies Upgrades its rating on National Storage Affiliates Trust(NYSE:NSA). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Sep 21, 2016.

In a different note, On Aug 10, 2016, Jefferies said it Maintains its rating on National Storage Affiliates Trust. In the research note, the firm Lowers the price-target to $24.00 per share. The shares have been rated ‘Hold’ by the firm. DA Davidson said it Initiates Coverage on National Storage Affiliates Trust, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Buy’ by the firm.

National Storage Affiliates Trust (NSA) made into the market gainers list on Tuesdays trading session with the shares advancing 0.61% or 0.12 points. Due to strong positive momentum, the stock ended at $19.76, which is also near the day’s high of $19.83. The stock began the session at $19.72 and the volume stood at 2,81,084 shares. The 52-week high of the shares is $22.86 and the 52 week low is $13.1. The company has a current market capitalization of $707 M and it has 3,57,57,870 shares in outstanding.

National Storage Affiliates Trust(NSA) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $47.28M. Analysts had an estimated revenue of $44.69M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.26.

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 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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