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

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

A number of other brokerages also recently issued reports on NSA. UBS Group lowered their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Evercore ISI upped their price objective 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. Finally, National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $33.64.

National Storage Affiliates Trust Trading Down 2.0%

Shares of National Storage Affiliates Trust stock opened at $30.15 on Friday. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $46.07. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 48.63 and a beta of 1.08. 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 company’s 50-day moving average price is $30.89 and its 200-day moving average price is $33.00.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the first quarter valued at approximately $32,000. UMB Bank n.a. grew its position in National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 379 shares during the last quarter. Jones Financial Companies Lllp grew its position in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 821 shares during the last quarter. Brooklyn Investment Group grew its position in National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Blue Trust Inc. grew its position in National Storage Affiliates Trust by 279.8% during the first quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

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.