Barclays Raises National Storage Affiliates Price Target

Barclays raised its price recommendation on National Storage Affiliates Trust to $38 from $33 on March 5 after updating models post-Q4 earnings. CEO Dave Cramer called Q4 a turning point, citing occupancy improvements (year-end decline narrowed to 70 basis points from 140) and core FFO per share above guidance; the company completed $97M in sales, $75M in acquisitions, and launched a preferred equity platform.