Deutsche Bank Aktiengesellschaft Upgrades National Storage Affiliates Trust (NYSE:NSA) to “Hold”

National Storage Affiliates Trust (NYSE:NSA) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $38.00 target price on the real estate investment trust’s stock, down from their previous target price of $40.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 3.91% from the company’s previous close.

Several other research analysts have also issued reports on the company. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Jefferies Financial Group raised their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays raised their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird raised their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.56.

National Storage Affiliates Trust Stock Down 1.0 %

Shares of NYSE:NSA opened at $36.57 on Friday. The business’s 50 day simple moving average is $41.30 and its two-hundred day simple moving average is $43.29. The firm has a market cap of $2.79 billion, a P/E ratio of 21.39 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 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

A number of institutional investors and hedge funds have recently modified their holdings of NSA. Thrivent Financial for Lutherans increased its position in National Storage Affiliates Trust by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after buying an additional 90,925 shares during the last quarter. Caxton Associates LP purchased a new stake in National Storage Affiliates Trust in the second quarter worth $1,553,000. Center Lake Capital Management LLC purchased a new stake in National Storage Affiliates Trust in the second quarter worth $2,885,000. Edgestream Partners L.P. increased its position in National Storage Affiliates Trust by 32.3% in the second quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust’s stock worth $3,819,000 after buying an additional 22,639 shares during the last quarter. Finally, Sei Investments Co. increased its position in National Storage Affiliates Trust by 9.1% in the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust’s stock worth $16,034,000 after buying an additional 32,544 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other 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.