Robert W. Baird Issues Pessimistic Forecast for National Storage Affiliates Trust (NYSE:NSA) Stock Price

Key Points

• Robert W. Baird has lowered its price target for National Storage Affiliates Trust (NSA) from $39.00 to $34.00, reflecting a neutral rating.
• Several brokerages, including Morgan Stanley and Wells Fargo, have recently downgraded NSA to underweight ratings, citing targets as low as $30.00.
• NSA reported $0.55 EPS for its latest quarter, which was below analyst expectations of $0.58, while its revenue increased compared to the previous year.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) had its price target lowered by equities research analysts at Robert W. Baird from $39.00 to $34.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Robert W. Baird's target price indicates a potential upside of 14.35% from the company's current price.

Several other brokerages have also issued reports on NSA. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Wells Fargo & Company lowered 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 report on Wednesday, July 23rd. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. Finally, BNP Paribas Exane initiated coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 target price for the company. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.54.

National Storage Affiliates Trust Trading Down 0.1%

NSA opened at $29.73 on Tuesday. The firm's fifty day moving average is $32.02 and its two-hundred day moving average is $35.11. The firm has a market cap of $2.28 billion, a PE ratio of 47.96 and a beta of 1.10. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

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 EPS 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 business had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same period in the previous year, the business posted $0.21 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in National Storage Affiliates Trust during the fourth quarter worth about $28,000. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake in shares of 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 worth $29,000 after acquiring an additional 379 shares during the period. Quarry LP increased its holdings in shares of National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 756 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in National Storage Affiliates Trust by 207.3% in 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 acquiring an additional 821 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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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