What To Know About Baird's Downgrade of National Storage

Baird downgraded its rating of National Storage NYSE:NSA to Neutral with a price target of $45.00, changing its price target from $62.00 to $45.00.

Shares of National Storage are trading down 1.5% over the last 24 hours, at $39.16 per share.

A move to $45.00 would account for a 14.9% increase from the current share price.

About National Storage

National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. It owned a diversified portfolio of more than 1050 self-storage properties, located in more than 42 states and Puerto Rico, comprising approximately 67.8 million rentable square feet, configured in approximately 533,000 storage units. National Storage's portfolio consists of self-storage properties designed to offer convenient, affordable, and secure storage units.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.