Stock of the Day: What’s National Storage Affiliates Trust Downside After Today’s Huge Decline?

Stock of the Day: What's National Storage Affiliates Trust Downside After Today's Huge Decline?

The stock of National Storage Affiliates Trust (NYSE:NSA) is a huge mover today! The stock decreased 3.00% or $0.6 on October 5, hitting $19.37. National Storage Affiliates Trust (NYSE:NSA) has risen 8.47% since March 2, 2016 and is uptrending. It has outperformed by 0.22% the S&P500.
The move comes after 5 months negative chart setup for the $700.50 million company. It was reported on Oct, 5 by Barchart.com. We have $18.01 PT which if reached, will make NYSE:NSA worth $49.04M less.

Analysts await National Storage Affiliates Trust (NYSE:NSA) to report earnings on November, 14. They expect $0.27 earnings per share, up 12.50% or $0.03 from last year’s $0.24 per share. NSA’s profit will be $9.76M for 17.94 P/E if the $0.27 EPS becomes a reality. After $0.28 actual earnings per share reported by National Storage Affiliates Trust for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.

National Storage Affiliates Trust (NYSE:NSA) Ratings Coverage

Out of 5 analysts covering National Storage Affiliates Trust (NYSE:NSA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. National Storage Affiliates Trust has been the topic of 11 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Jefferies maintained National Storage Affiliates Trust (NYSE:NSA) on Tuesday, May 31 with “Hold” rating. Zacks upgraded the stock to “Sell” rating in Monday, August 17 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, April 7 report. The stock of National Storage Affiliates Trust (NYSE:NSA) has “Buy” rating given on Wednesday, September 21 by Jefferies. Robert W. Baird initiated it with “Outperform” rating and $23 target price in Wednesday, March 30 report. The firm earned “Buy” rating on Thursday, August 20 by Jefferies. The stock of National Storage Affiliates Trust (NYSE:NSA) has “Hold” rating given on Wednesday, August 10 by Jefferies. As per Thursday, June 23, the company rating was initiated by FBR Capital. The firm earned “Hold” rating on Tuesday, April 5 by Jefferies. DA Davidson initiated National Storage Affiliates Trust (NYSE:NSA) rating on Friday, June 24. DA Davidson has “Buy” rating and $25 price target.

According to Zacks Investment Research, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States.”

More notable recent National Storage Affiliates Trust (NYSE:NSA) news were published by: Marketwatch.com which released: “National Storage Affiliates Trust” on November 08, 2011, also Businesswire.com with their article: “National Storage Affiliates Trust Announces Formation of $630 Million Joint …” published on September 14, 2016, Streetinsider.com published: “Jefferies Upgrades National Storage Affiliates Trust (NSA) to Buy” on September 21, 2016. More interesting news about National Storage Affiliates Trust (NYSE:NSA) were released by: Businesswire.com and their article: “National Storage Affiliates Trust Announces 10% Dividend Increase” published on May 26, 2016 as well as Businesswire.com‘s news article titled: “National Storage Affiliates Trust Announces First Quarter 2016 Earnings …” with publication date: April 05, 2016.

NSA Company Profile

National Storage Affiliates Trust, incorporated on May 16, 2013, is an integrated, self-administered and self-managed real estate investment trust. The Firm 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 segment consists of investments in self-storage properties located in the United States. The Company’s operating partnership subsidiary is NSA OP, LP. The Firm holds interests in a geographically diversified portfolio of approximately 280 self-storage properties, located in over 20 states, comprising approximately 15.8 million rentable square feet, configured in over 123,000 storage units.

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