Barclays Lowers National Storage Affiliates Trust (NYSE:NSA) Price Target to $41.00

National Storage Affiliates Trust (NYSE:NSA) had its target price decreased by equities researchers at Barclays from $42.00 to $41.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 12.13% from the company’s previous close.

NSA has been the topic of several other reports. Wells Fargo & Company decreased their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.06.

National Storage Affiliates Trust Stock Down 1.6 %

Shares of NSA stock opened at $36.57 on Wednesday. The stock has a market cap of $2.79 billion, a P/E ratio of 21.38 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company’s fifty day simple moving average is $37.51 and its two-hundred day simple moving average is $41.71.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael J. Schall bought 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On National Storage Affiliates Trust

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock worth $369,979,000 after purchasing an additional 80,923 shares during the period. Wasatch Advisors LP lifted its position in shares of National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock worth $253,208,000 after purchasing an additional 506,398 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of National Storage Affiliates Trust by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock worth $96,600,000 after purchasing an additional 10,783 shares during the period. Capital World Investors lifted its position in shares of National Storage Affiliates Trust by 6.2% in the 4th quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust’s stock worth $73,604,000 after purchasing an additional 113,973 shares during the period. Finally, FMR LLC lifted its position in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after purchasing an additional 358,449 shares during the period. 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.