National Storage Affiliates Trust (NYSE:NSA - Get Free Report) was upgraded by equities research analysts at BNP Paribas to a "strong sell" rating in a research note issued to investors on Tuesday, Marketbeat reports.
NSA has been the subject of several other research reports. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research report on Tuesday. They issued an "underperform" rating and a $33.00 target price for the company. Robert W. Baird reduced their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Mizuho started coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Finally, Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a report on Tuesday, May 27th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of "Hold" and a consensus target price of $38.63.
Read Our Latest Analysis on NSA
National Storage Affiliates Trust Trading Down 1.0%
Shares of NSA stock traded down $0.31 during mid-day trading on Tuesday, hitting $31.80. 2,451,738 shares of the company's stock were exchanged, compared to its average volume of 711,149. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 53.89 and a beta of 1.14. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock has a 50-day simple moving average of $34.73 and a two-hundred day simple moving average of $36.54.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.
Institutional Investors Weigh In On National Storage Affiliates Trust
A number of hedge funds have recently made changes to their positions in NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $28,000. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust during the first quarter worth $32,000. Quarry LP boosted its holdings in National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 756 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 821 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in National Storage Affiliates Trust during the fourth quarter worth $50,000. Institutional investors and hedge funds own 99.97% of the company's stock.
About National Storage Affiliates Trust
(
Get Free Report)
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.
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