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

Key Points

• National Storage Affiliates Trust (NSA) received an upgrade from Wall Street Zen from a "sell" rating to a "hold" rating, indicating a shift in investment sentiment.
• Multiple analysts have lowered their price targets for NSA, with the average target now being $33.64, as the stock trades around $30.15.
• The company reported earnings per share of $0.55 for the last quarter, falling short of the consensus estimate of $0.58, while its revenue slightly declined year-over-year.

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

NSA has been the subject of several other reports. Robert W. Baird cut their price objective on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. UBS Group cut their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reiterated a "hold (c-)" rating on shares of National Storage Affiliates Trust in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $33.64.

National Storage Affiliates Trust Trading Down 2.0%

Shares of NSA stock opened at $30.15 on Friday. The firm has a 50 day moving average price of $30.89 and a two-hundred day moving average price of $33.07. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $2.31 billion, a PE ratio of 48.63 and a beta of 1.08. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $46.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued 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). 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%.The company's revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently modified their holdings of NSA. GAMMA Investing LLC grew its position in National Storage Affiliates Trust by 4,261.0% in the first quarter. GAMMA Investing LLC now owns 56,736 shares of the real estate investment trust's stock valued at $2,235,000 after acquiring an additional 55,435 shares during the last quarter. Sound Income Strategies LLC grew its position in National Storage Affiliates Trust by 17,179.8% in the first quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust's stock valued at $5,617,000 after acquiring an additional 141,733 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in National Storage Affiliates Trust in the first quarter valued at about $805,000. Janney Montgomery Scott LLC increased its holdings in shares of National Storage Affiliates Trust by 10.2% during the first quarter. Janney Montgomery Scott LLC now owns 24,746 shares of the real estate investment trust's stock worth $975,000 after buying an additional 2,289 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of National Storage Affiliates Trust by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust's stock worth $1,661,000 after buying an additional 499 shares in the last quarter. 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.

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