Robert W. Baird Lowers National Storage Affiliates Trust (NYSE:NSA) Price Target to $39.00

National Storage Affiliates Trust (NYSE:NSA) had its price target lowered by equities research analysts at Robert W. Baird from $42.00 to $39.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s target price would indicate a potential upside of 6.45% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Trading Down 0.0 %

NSA stock opened at $36.64 on Thursday. 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 firm has a market cap of $2.80 billion, a P/E ratio of 21.43 and a beta of 1.07. The company’s 50-day simple moving average is $37.48 and its 200-day simple moving average is $41.64.

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

Insider Buying and Selling

In related news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NSA. Balyasny Asset Management L.P. purchased a new position in National Storage Affiliates Trust during the fourth quarter worth about $51,081,000. Norges Bank purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at about $26,737,000. Wasatch Advisors LP increased its holdings in National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after buying an additional 506,398 shares in the last quarter. FMR LLC increased its holdings in National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after buying an additional 358,449 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at about $13,354,000. 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.