National Storage Affiliates Trust (NYSE:NSA) Rating Lowered to “Sell” at Wall Street Zen

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

A number of other equities analysts have also weighed in on the stock. UBS Group dropped their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, July 23rd. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Barclays dropped their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Finally, Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Reduce” and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $30.18 on Friday. The firm has a 50 day moving average of $30.90 and a 200 day moving average of $33.30. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 48.67 and a beta of 1.08. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $46.46.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of National Storage Affiliates Trust by 48.4% in the third quarter. GAMMA Investing LLC now owns 2,594 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 846 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 43.5% in the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 541 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of National Storage Affiliates Trust in the second quarter worth $5,012,000. Kestra Investment Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 25.3% in the second quarter. Kestra Investment Management LLC now owns 6,306 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 1,272 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in National Storage Affiliates Trust during the second quarter valued at $392,000. 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.