National Storage Affiliates Trust (NYSE:NSA) Upgraded at Wall Street Zen

Key Points

• National Storage Affiliates Trust has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, potentially signaling a more stable outlook for the stock.
• Barclays and UBS Group have both reduced their price targets for the company, with Barclays setting a target of $36.00 and UBS at $32.00.
• The company reported a net profit margin of 8.92% for the last quarter, despite earnings per share falling short of analysts' expectations.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research firms also recently issued reports on NSA. Truist Financial dropped their price target on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, August 25th. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Barclays dropped their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of "Reduce" and an average price target of $33.64.

National Storage Affiliates Trust Stock Up 0.2%

Shares of NYSE NSA traded up $0.05 during midday trading on Friday, hitting $29.90. 21,714 shares of the company's stock were exchanged, compared to its average volume of 904,375. 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 has a twelve month low of $28.02 and a twelve month high of $49.11. The company has a market cap of $2.30 billion, a PE ratio of 48.25 and a beta of 1.09. The firm's fifty day simple moving average is $31.18 and its 200-day simple moving average is $33.75.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million for the quarter, compared to analysts' expectations of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently bought and sold shares of NSA. Long Pond Capital LP acquired a new position in National Storage Affiliates Trust during the second quarter worth $79,936,000. Balyasny Asset Management L.P. raised its holdings in National Storage Affiliates Trust by 172.0% during the second 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 purchasing an additional 1,989,965 shares during the last quarter. Prudential Financial Inc. raised its holdings in National Storage Affiliates Trust by 50.0% during the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust's stock worth $66,844,000 after purchasing an additional 696,067 shares during the last quarter. Norges Bank acquired a new position in National Storage Affiliates Trust during the second quarter worth $21,991,000. Finally, Nuveen LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth $23,134,000. 99.97% of the stock is owned by institutional investors and hedge funds.

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.