National Storage Affiliates Trust (NYSE:NSA) PT Raised to $46.00

National Storage Affiliates Trust (NYSE:NSA) had its target price boosted by equities research analysts at Barclays from $45.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price suggests a potential upside of 8.29% from the company’s current price.

A number of other brokerages have also commented on NSA. Evercore ISI raised their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Jefferies Financial Group upped their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Truist Financial increased their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $42.83.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $42.48 on Monday. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $49.44. The firm’s 50 day simple moving average is $45.94 and its 200-day simple moving average is $41.86. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.18 billion, a P/E ratio of 23.77 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NSA. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC bought a new stake in National Storage Affiliates Trust during the second quarter valued at about $39,000. Bellevue Asset Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the third quarter valued at about $39,000. Rothschild Investment LLC bought a new position in shares of National Storage Affiliates Trust in the second quarter worth about $59,000. Finally, GAMMA Investing LLC increased its stake in shares of National Storage Affiliates Trust by 174.9% in the third quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 927 shares during the period. Institutional investors and hedge funds 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.