Jefferies Financial Group Increases National Storage Affiliates Trust (NYSE:NSA) Price Target to $54.00

National Storage Affiliates Trust (NYSE:NSA) had its target price increased by research analysts at Jefferies Financial Group from $47.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.07% from the stock’s previous close.

Several other research firms have also recently commented on NSA. Wells Fargo & Company lifted their price target on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Truist Financial boosted their target price 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. Citigroup boosted their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Finally, Robert W. Baird boosted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.45.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded up $0.48 during midday trading on Wednesday, hitting $48.62. 372,402 shares of the stock were exchanged, compared to its average volume of 762,172. The stock has a market cap of $3.64 billion, a P/E ratio of 25.51 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $49.21. The company has a 50 day moving average price of $44.52 and a 200-day moving average price of $40.23.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts forecast that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its stake in shares of National Storage Affiliates Trust by 20.3% in the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after purchasing an additional 1,108,176 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of 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 purchasing an additional 90,925 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of National Storage Affiliates Trust by 69.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after purchasing an additional 950,171 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of National Storage Affiliates Trust by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after purchasing an additional 181,644 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 2.5% in the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after purchasing an additional 23,181 shares in 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.