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

Key Points

• National Storage Affiliates Trust (NSA) has received a "Hold (C-)" rating from Weiss Ratings, with a consensus rating of "Reduce" and a target price of $33.64 following several analysts adjusting their ratings and price targets.
• The company's stock price has recently declined, closing at $31.56, and its most recent earnings report revealed a miss in earnings per share, reporting $0.55 against an estimated $0.58.
• Institutional investors hold 99.97% of NSA's stock, with notable increases in share ownership from multiple large investors in the recent quarters.

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

NSA has been the topic of several other research reports. UBS Group cut their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Robert W. Baird cut their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Barclays cut their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Zacks Research lowered National Storage Affiliates Trust from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 15th. Finally, Evercore ISI raised their price target on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a research note on Monday, September 15th. Seven investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $33.64.

National Storage Affiliates Trust Stock Down 0.9%

NSA stock opened at $31.56 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The company's 50 day moving average is $31.26 and its 200 day moving average is $32.71. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 50.90 and a beta of 1.08. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $46.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data 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). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. During the same quarter last year, the company posted $0.21 earnings per share. 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 EPS for the current fiscal year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in National Storage Affiliates Trust by 339.6% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 635 shares during the last quarter. UMB Bank n.a. boosted its position in National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust in the first quarter worth about $32,000. Jones Financial Companies Lllp lifted its position in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 821 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of National Storage Affiliates Trust by 21.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 308 shares in the last quarter. 99.97% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.