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

Key Points

• National Storage Affiliates Trust's rating was downgraded from "hold" to "sell" by Wall Street Zen, reflecting a negative outlook on the stock's performance.
• Several analysts have revised their price targets, with Wells Fargo reducing it from $38 to $35, indicating a trend of decreased expectations for the company's stock price.
• Despite the downgrade, National Storage Affiliates Trust's stock saw a modest increase of 0.4%, reaching $30.18 as of the most recent trading session.

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

Several other research firms have also issued reports on NSA. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, July 23rd. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. Truist Financial reduced their price objective on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, August 25th. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective for the company. Finally, Evercore ISI boosted their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a research report on Monday, September 15th. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of "Reduce" and an average price target of $33.64.

National Storage Affiliates Trust Stock Up 0.4%

Shares of National Storage Affiliates Trust stock traded up $0.14 on Friday, hitting $30.18. 1,200,126 shares of the company traded hands, compared to its average volume of 1,119,166. The company has a 50-day moving average price of $30.90 and a 200 day moving average price of $33.34. 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 12-month low of $28.02 and a 12-month high of $46.46. The company has a market cap of $2.32 billion, a PE ratio of 48.67 and a beta of 1.08.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm's revenue for the quarter 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. Sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 413 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 172,252 shares of the real estate investment trust's stock worth $6,787,000 after purchasing an additional 11,879 shares during the period. Hudson Edge Investment Partners Inc. bought a new position in shares of National Storage Affiliates Trust during the 1st quarter worth about $687,000. M&T Bank Corp increased its holdings in shares of National Storage Affiliates Trust by 50.1% during the 1st quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust's stock worth $792,000 after purchasing an additional 6,710 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in shares of National Storage Affiliates Trust during the 1st quarter worth about $805,000. Institutional investors 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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