National Storage Affiliates Trust (NYSE:NSA) Rating Increased to Neutral at BNP Paribas Exane

National Storage Affiliates Trust (NYSE:NSA) was upgraded by stock analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday,Finviz reports. The firm presently has a $41.00 target price on the real estate investment trust’s stock. BNP Paribas Exane’s target price would indicate a potential upside of 2.49% from the company’s current price.

A number of other research analysts also recently commented on NSA. UBS Group cut their target price on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Truist Financial upped 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 report on Tuesday, January 20th. Wolfe Research upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Thursday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Reduce” and an average target price of $33.60.

National Storage Affiliates Trust Stock Up 29.3%

NYSE NSA traded up $9.06 on Monday, reaching $40.00. 8,006,769 shares of the stock traded hands, compared to its average volume of 1,717,998. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $40.95. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 57.90 and a beta of 1.17. The company has a fifty day moving average price of $32.88 and a 200-day moving average price of $31.08. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $187.03 million for the quarter, compared to the consensus estimate of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Institutional Trading of National Storage Affiliates Trust

Institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp grew its position in National Storage Affiliates Trust by 258.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,476 shares of the real estate investment trust’s stock worth $3,580,000 after purchasing an additional 85,382 shares during the last quarter. Citigroup Inc. raised its holdings in shares of National Storage Affiliates Trust by 19.2% in the third quarter. Citigroup Inc. now owns 253,962 shares of the real estate investment trust’s stock worth $7,675,000 after buying an additional 40,871 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of National Storage Affiliates Trust in the second quarter worth $1,167,000. Norges Bank acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth $21,991,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of National Storage Affiliates Trust by 35.6% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock worth $3,710,000 after buying an additional 32,252 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.