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
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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."



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