National Storage Affiliates Trust Gets a Buy Rating from Jefferies

By Carrie Williams

In a report released today, Omotayo Okusanya from Jefferies reiterated a Buy rating on National Storage Affiliates Trust (NYSE: NSA), with a price target of $28. The company’s shares opened today at $22.47.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 6.0% and a 58.4% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Retail Properties of America Inc, and Senior Housing Properties Trust.

National Storage Affiliates Trust has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.

Based on National Storage Affiliates Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $60.79 million and quarterly net profit of $549K. In comparison, last year the company earned revenue of $39.25 million and had a net profit of $2.21 million.

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National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.