National Storage Affiliates Trust (NSA) PT Raised to $56 at Stifel

June 18, 2021 6:35 AM EDT
Get Alerts NSA Hot Sheet
Price: $54.71 +0.66%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Stifel analyst Stephen Manaker raised the price target on National Storage Affiliates Trust (NYSE: NSA) to $56.00 (from $55.00) while maintaining a Buy rating.

The analyst commented, "We are increasing our earnings estimates for NSA and the rest of our self-storage coverage universe. We put out an industry note (Self-Storage REITs - Raising Estimates On Strong Operating Environment) that explains why we are increasing earnings and our thoughts about the current self-storage environment. Details for the model changes for NSA are below. In addition, we are increasing our target price to $56/share, based on a 25.5x multiple on our 2022 FFO estimate."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Stifel, Earnings