Evercore ISI Boosts National Storage Affiliates Trust (NYSE:NSA) Price Target to $32.00

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 price target boosted by analysts at Evercore ISI from $31.00 to $32.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "underperform" rating on the real estate investment trust's stock. Evercore ISI's target price would indicate a potential upside of 1.66% from the stock's current price.

NSA has been the topic of a number of other reports. Wall Street Zen cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. 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 report on Tuesday, May 27th. Truist Financial decreased their price target on 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. Barclays decreased their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Finally, National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, National Storage Affiliates Trust presently has a consensus rating of "Reduce" and an average price target of $35.64.

National Storage Affiliates Trust Stock Performance

NYSE NSA traded up $0.14 on Monday, hitting $31.48. 47,586 shares of the company traded hands, compared to its average volume of 897,821. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 50.79 and a beta of 1.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The business's 50 day moving average price is $31.39 and its 200-day moving average price is $34.09. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44.

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

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its holdings in shares of National Storage Affiliates Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock valued at $776,000 after purchasing an additional 300 shares during the period. GAMMA Investing LLC boosted its holdings in shares of National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 308 shares during the period. UMB Bank n.a. boosted its holdings in shares of National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 379 shares during the period. California State Teachers Retirement System boosted its holdings in shares of National Storage Affiliates Trust by 0.6% in the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust's stock valued at $2,132,000 after purchasing an additional 392 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of National Storage Affiliates Trust by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock valued at $385,000 after purchasing an additional 398 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

About National Storage Affiliates Trust

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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