Zacks: Brokerages Set $15.67 Price Target for National Storage Affiliates Trust

Posted by Poppy Behrens on Jul 14, 2015 12:00:00 AM

Zacks: Brokerages Set $15.67 Price Target for National Storage Affiliates Trust

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given an average broker rating score of 2.30 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 12-month consensus target price of $15.67 for the company and are expecting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given National Storage Affiliates Trust an industry rank of 67 out of 265 based on the ratings given to its competitors.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen acquired 25,000 shares of National Storage Affiliates Trust stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $325,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chad Leroy Meisinger acquired 30,750 shares of National Storage Affiliates Trust stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $13.00 per share, with a total value of $399,750.00. The disclosure for this purchase can be found here.
A number of analysts have recently weighed in on NSA shares. Analysts at KeyBanc initiated coverage on shares of National Storage Affiliates Trust in a research note on Friday, May 22nd. They set a “sector weight” rating on the stock. Analysts at Morgan Stanley initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, May 18th. They set an “overweight” rating and a $13.24 price target on the stock. Analysts at SunTrust initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, May 18th. They set a “neutral” rating and a $14.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, May 18th. They set a “buy” rating and a $17.00 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, May 18th. They set a “market perform” rating on the stock.

National Storage Affiliates Trust (NYSE:NSA) traded up 3.17% during mid-day trading on Monday, hitting $12.70. The stock had a trading volume of 330,986 shares. National Storage Affiliates Trust has a 52 week low of $12.05 and a 52 week high of $13.74. The stock has a 50-day moving average of $12.95 and a 200-day moving average of $13.03. The company’s market cap is $292.10 million.

The company also recently declared a special dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 26th.

National Storage Affiliates Trust (NYSE: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.