National Storage Affiliates Trust (NYSE:NSA) Rating Increased to Hold 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 Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on NSA. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective on the stock. in a report on Tuesday, May 27th. BNP Paribas Exane started coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective for the company. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, Evercore ISI raised their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of "Reduce" and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Performance

NYSE:NSA traded up $0.05 during trading hours on Friday, hitting $29.95. 339,225 shares of the company were exchanged, compared to its average volume of 906,149. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 48.28 and a beta of 1.09. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. The company's 50 day moving average price is $31.24 and its 200-day moving average price is $33.82.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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). 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 return on equity of 4.91% and a net margin of 8.92%.National Storage Affiliates Trust's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 541 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $5,012,000. Kestra Investment Management LLC lifted its stake in 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 period. Caxton Associates LLP acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at approximately $392,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in 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 acquiring an additional 775 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.