National Storage Affiliates Trust (NYSE:NSA) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• National Storage Affiliates Trust (NYSE:NSA) was downgraded from a "hold" to a "sell" rating by Wall Street Zen, highlighting a negative outlook for the stock.
• Barclays and Wells Fargo have also reduced their target prices for the stock, with Barclays setting it at $36.00 and Wells Fargo at $35.00.
• National Storage Affiliates Trust reported a quarterly EPS of $0.55, missing analysts' expectations, while its revenue fell by 0.8% compared to the previous year.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

A number of other equities research analysts have also recently commented on NSA. Barclays lowered their target price 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. Wells Fargo & Company lowered their target price 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. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Zacks Research cut National Storage Affiliates Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday. Finally, National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a report on Tuesday, June 24th. Seven research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $32.29 on Friday. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $46.07. The company has a market capitalization of $2.48 billion, a P/E ratio of 52.08 and a beta of 1.08. The business has a 50 day moving average price of $31.06 and a 200 day moving average price of $32.78. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). The company had revenue of $188.84 million for the quarter, compared to analyst estimates 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 quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side 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

Hedge funds have recently made changes to their positions in the business. Long Pond Capital LP acquired a new position in National Storage Affiliates Trust in the second quarter valued at $79,936,000. Balyasny Asset Management L.P. boosted its holdings in National Storage Affiliates Trust by 172.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust's stock valued at $100,670,000 after acquiring an additional 1,989,965 shares during the last quarter. Prudential Financial Inc. boosted its holdings in National Storage Affiliates Trust by 50.0% in the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust's stock valued at $66,844,000 after acquiring an additional 696,067 shares during the last quarter. Norges Bank acquired a new position in National Storage Affiliates Trust in the second quarter valued at $21,991,000. Finally, Nuveen LLC acquired a new position in National Storage Affiliates Trust in the first quarter valued at $23,134,000. Institutional investors and hedge funds own 99.97% of the company's stock.

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.

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