National Storage Affiliates Trust's (NSA) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for National Storage Affiliates Trust (NYSE:NSA), reflecting ongoing concerns about the company's stock performance.
• The company's stock price has been adjusted by various analysts, with a consensus target of $33.64, while shares recently increased by 1.0% to reach $30.93.
• Despite a revenue of $188.84 million in the last quarter, National Storage Affiliates Trust reported an EPS of $0.55, missing expectations and indicating a decline in quarterly revenue compared to the previous year.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the company. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report 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 report on Monday, August 25th. Barclays lowered their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Finally, UBS Group decreased 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 note on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Reduce" and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Up 1.0%

Shares of NSA traded up $0.32 during midday trading on Wednesday, reaching $30.93. The stock had a trading volume of 272,131 shares, compared to its average volume of 917,528. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 49.89 and a beta of 1.08. The company's fifty day simple moving average is $30.85 and its two-hundred day simple moving average is $33.17. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $46.07. 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 (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 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 analysts' expectations of $185.91 million. During the same period last year, the company earned $0.21 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts expect 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

Several institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 379 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the first quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its holdings in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 821 shares during the period. GAMMA Investing LLC lifted its holdings in shares of National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 308 shares during the period. Finally, Brooklyn Investment Group grew its position in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 1,522 shares during 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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