Analysts Set National Storage Affiliates Trust (NYSE:NSA) PT at $32.30

Shares of National Storage Affiliates Trust (NYSE:NSA) have been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.30.

Several brokerages have recently commented on NSA. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Mizuho lifted their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, UBS Group cut their target price on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $33.14 on Tuesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 54.33 and a beta of 1.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. The business has a 50-day simple moving average of $30.64 and a 200 day simple moving average of $30.59. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently modified their holdings of NSA. Long Pond Capital LP bought a new stake in National Storage Affiliates Trust in the 2nd quarter worth approximately $79,936,000. Balyasny Asset Management L.P. raised its stake in shares of National Storage Affiliates Trust by 172.0% during the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after acquiring an additional 1,989,965 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after purchasing an additional 714,840 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 publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.