National Storage Affiliates Trust (NYSE:NSA) Given New $32.00 Price Target at Evercore ISI

Key Points

• Evercore ISI raised the price target for National Storage Affiliates Trust (NSA) from $31.00 to $32.00, indicating a potential upside of 1.66% from the current price, despite maintaining an "underperform" rating.
• National Storage Affiliates has received mixed ratings from analysts, with one Buy, five Hold, and five Sell ratings, and currently holds a consensus rating of "Reduce" with an average price target of $35.64.
• The company reported earnings of $0.55 per share for the last quarter, missing estimates and reflecting a year-over-year revenue decline of 0.8%.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) had its target price lifted by analysts at Evercore ISI from $31.00 to $32.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an "underperform" rating on the real estate investment trust's stock. Evercore ISI's price objective would suggest a potential upside of 6.28% from the company's current price.

Other research analysts also recently issued research reports about the stock. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Truist Financial dropped their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a report on Monday, August 25th. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a report on Tuesday, June 24th. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $33.64.

National Storage Affiliates Trust Stock Down 1.7%

NYSE NSA traded down $0.51 during trading hours on Monday, hitting $30.11. 435,275 shares of the company traded hands, compared to its average volume of 902,671. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50-day moving average is $31.29 and its 200-day moving average is $33.94. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.56 and a beta of 1.09. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NSA. BNP Paribas Financial Markets grew its holdings in shares of National Storage Affiliates Trust by 145.5% during the fourth quarter. BNP Paribas Financial Markets now owns 21,015 shares of the real estate investment trust's stock worth $797,000 after purchasing an additional 12,455 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of National Storage Affiliates Trust by 0.7% during the fourth quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock worth $23,463,000 after purchasing an additional 4,363 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth about $353,000. Nissay Asset Management Corp Japan ADV grew its holdings in shares of National Storage Affiliates Trust by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 398 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth about $563,000. 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.