National Storage Affiliates Trust (NYSE:NSA) Raised to Hold at Wall Street Zen

National Storage Affiliates Trust (NYSE:NSA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also issued reports about the company. Barclays reduced their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. UBS Group dropped their price target on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday. BNP Paribas raised shares of National Storage Affiliates Trust to a “strong sell” rating in a research note on Tuesday, June 24th. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Robert W. Baird dropped their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Six analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $29.89 on Friday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 48.21 and a beta of 1.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $49.44. The stock’s 50-day moving average is $31.24 and its 200 day moving average is $33.89.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently added to or reduced their stakes in NSA. Long Pond Capital LP purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $79,936,000. Balyasny Asset Management L.P. grew its stake in National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after purchasing an additional 1,989,965 shares during the last quarter. Prudential Financial Inc. grew its stake in National Storage Affiliates Trust by 50.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after purchasing an additional 696,067 shares during the last quarter. Norges Bank acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $21,991,000. Finally, Nuveen LLC acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $23,134,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.