National Storage Affiliates Trust (NYSE:NSA) Receives $41.28 Consensus Price Target from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have earned a consensus rating of "Reduce" from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.28.

A number of research analysts have commented on the stock. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective on the stock. Robert W. Baird lowered 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. Barclays reduced their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st.

National Storage Affiliates Trust Stock Up 1.7%

NYSE:NSA traded up $0.59 during trading hours on Friday, hitting $35.20. The stock had a trading volume of 194,572 shares, compared to its average volume of 664,493. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44. The business has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $38.70. The company has a market cap of $2.69 billion, a PE ratio of 20.54 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period last year, the business earned $0.60 EPS. The firm's revenue was down 4.0% compared to the same quarter last year. Analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock worth $369,979,000 after purchasing an additional 80,923 shares in the last quarter. Wasatch Advisors LP increased its stake in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock worth $253,208,000 after purchasing an additional 506,398 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in National Storage Affiliates Trust by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock worth $96,600,000 after purchasing an additional 10,783 shares in the last quarter. Capital World Investors increased its stake in National Storage Affiliates Trust by 6.2% in the 4th quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock worth $73,604,000 after purchasing an additional 113,973 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock worth $51,144,000 after purchasing an additional 15,468 shares in the last quarter. 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.