National Storage Affiliates Trust (NYSE:NSA) Price Target Lowered to $32.00 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 target price cut by stock analysts at Truist Financial from $37.00 to $32.00 in a report issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's target price suggests a potential upside of 0.71% from the company's current price.

NSA has been the topic of several other reports. Barclays decreased their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $37.13.

National Storage Affiliates Trust Stock Performance

NSA traded down $0.3850 during trading on Monday, hitting $31.7750. The company's stock had a trading volume of 44,782 shares, compared to its average volume of 883,844. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. The firm has a market cap of $2.44 billion, a PE ratio of 51.32 and a beta of 1.10. The business's 50 day simple moving average is $31.50 and its 200-day simple moving average is $34.69.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly 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). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm's revenue was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NSA. Long Pond Capital LP bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $79,936,000. Balyasny Asset Management L.P. grew its stake in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust's stock worth $100,670,000 after buying an additional 1,989,965 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of National Storage Affiliates Trust by 50.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust's stock worth $66,844,000 after buying an additional 696,067 shares in the last quarter. Norges Bank purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $21,991,000. Finally, Nuveen LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $23,134,000. 99.97% of the stock is currently owned by 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.

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