Wall Street Zen Downgrades National Storage Affiliates Trust (NYSE:NSA) to Sell

Key Points

• National Storage Affiliates Trust (NYSE:NSA) was recently downgraded by Wall Street Zen from a "hold" to a "sell" rating, reflecting increased concerns about the company's performance.
• Several brokerages have lowered their price targets for NSA, with BNP Paribas setting a target of $33.00 and Morgan Stanley setting one at $30.00.
• In its latest earnings report, NSA missed consensus estimates with an EPS of $0.55 compared to the expected $0.58, highlighting ongoing challenges for the real estate investment trust.

Wall Street Zen lowered shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other brokerages have also recently commented on NSA. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Truist Financial dropped their target price on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 25th. Robert W. Baird cut their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $36.45.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock traded up $0.44 on Friday, reaching $32.67. 1,548,978 shares of the company traded hands, compared to its average volume of 932,235. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. The company has a 50 day moving average of $31.39 and a 200 day moving average of $34.39. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $49.44. The firm has a market capitalization of $2.51 billion, a PE ratio of 52.69 and a beta of 1.09.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 367.74%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC purchased a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $28,000. UMB Bank n.a. grew 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 worth $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the first quarter worth $32,000. Quarry LP increased its stake in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after buying an additional 756 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 821 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.