Jefferies Upgrades National Storage Affiliates Trust (NSA) to Buy

September 21, 2016 6:48 AM EDT
Get Alerts NSA Hot Sheet
Price: $22.09 --0%

Rating Summary:
    3 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 13 | New: 9
Trade NSA Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies upgraded National Storage Affiliates Trust (NYSE: NSA) from Hold to Buy with a price target of $24.00 (from $22.00).

Analyst George Hoglund commented, "Last week NSA announced the acquisition of the iStorage portfolio. Subsequent data released by NSA on the deal reinforces our view that the transaction is accretive, adds an additional growth driver, demonstrates NSA's ability to further grow its platform and could eventually lead to a unified brand. Combined with positive takeaways following our recent HQ visit and the 14% pullback in the stock since its 52-week high, we are upgrading NSA to Buy from Hold."

For an analyst ratings summary and ratings history on National Storage Affiliates Trust click here. For more ratings news on National Storage Affiliates Trust click here.

Shares of National Storage Affiliates Trust closed at $19.76 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Upgrades

Related Entities

Jefferies & Co, Definitive Agreement

Add Your Comment