BNP Paribas Exane Initiates Coverage on National Storage Affiliates Trust (NYSE:NSA)

Stock analysts at BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) in a research note issued on Tuesday. The brokerage set an "underperform" rating and a $33.00 price target on the real estate investment trust's stock. BNP Paribas Exane's price target suggests a potential upside of 0.12% from the company's current price.

Several other research analysts have also recently commented on NSA. Mizuho began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Robert W. Baird decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research note on Tuesday, May 27th. Finally, Barclays decreased their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.14.

National Storage Affiliates Trust Stock Up 1.7%

Shares of NYSE NSA opened at $32.96 on Tuesday. The stock has a market cap of $2.52 billion, a P/E ratio of 55.86 and a beta of 1.15. The business's fifty day simple moving average is $35.05 and its 200-day simple moving average is $36.76. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The company had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period in the prior year, the business earned $0.60 EPS. National Storage Affiliates Trust's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts predict 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 large investors have recently made changes to their positions in NSA. State of New Jersey Common Pension Fund D boosted its holdings in shares of National Storage Affiliates Trust by 8.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,449 shares of the real estate investment trust's stock valued at $1,799,000 after acquiring an additional 3,863 shares during the period. Venturi Wealth Management LLC raised its position in National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 710 shares during the last quarter. Handelsbanken Fonder AB raised its position in National Storage Affiliates Trust by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 25,016 shares of the real estate investment trust's stock valued at $948,000 after purchasing an additional 2,100 shares during the last quarter. Amalgamated Bank boosted its stake in National Storage Affiliates Trust by 2.5% during the 4th quarter. Amalgamated Bank now owns 33,356 shares of the real estate investment trust's stock worth $1,265,000 after purchasing an additional 822 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after purchasing an additional 7,655 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.