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

Key Points

• Truist Financial has lowered its price target for National Storage Affiliates Trust (NSA) from $37.00 to $32.00, maintaining a "hold" rating on the stock.
• Barclays and Robert W. Baird also reduced their price targets for NSA to $36.00 and $34.00 respectively, indicating a trend of decreasing valuations among analysts.
• National Storage Affiliates Trust's stock has seen a decline, with its current price at $31.78, falling from a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) had its price target lowered by equities researchers at Truist Financial from $37.00 to $32.00 in a research report issued on Monday, MarketBeat.com reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential downside of 0.79% from the stock's current price.

Other research analysts have also recently issued reports about the stock. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target for the company. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Barclays decreased their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $36.45.

National Storage Affiliates Trust Price Performance

NSA traded up $0.32 during trading on Monday, hitting $32.26. The company's stock had a trading volume of 711,186 shares, compared to its average volume of 1,094,022. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 52.03 and a beta of 1.10. The business's fifty day simple moving average is $31.41 and its 200 day simple moving average is $34.54. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. 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 net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same period in the prior year, the company posted $0.21 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Hedge Funds Weigh In On National Storage Affiliates Trust

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new stake in shares of National Storage Affiliates Trust in the second quarter worth $5,012,000. Kestra Investment Management LLC grew its holdings in shares of National Storage Affiliates Trust by 25.3% during the second quarter. Kestra Investment Management LLC now owns 6,306 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 1,272 shares during the last quarter. Caxton Associates LLP bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at $392,000. CANADA LIFE ASSURANCE Co grew its position in shares of National Storage Affiliates Trust by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 147,947 shares of the real estate investment trust's stock worth $4,736,000 after buying an additional 775 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of National Storage Affiliates Trust by 155.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,476 shares of the real estate investment trust's stock valued at $175,000 after purchasing an additional 3,335 shares during the period. Institutional investors and hedge funds 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.