UBS Group Issues Pessimistic Forecast for National Storage Affiliates Trust (NYSE:NSA) Stock Price

Key Points

• UBS Group has lowered the price target for National Storage Affiliates Trust (NYSE:NSA) from $39.00 to $32.00 and maintains a "neutral" rating on the stock.
• Analyst consensus for NSA indicates a Reduce rating with an average price target of $35.33, while multiple firms have issued ratings between "underperform" to "sell."
• National Storage Affiliates Trust reported a quarterly earnings miss, with $0.55 earnings per share, below the consensus estimate of $0.58, despite revenue of $188.84 million.

National Storage Affiliates Trust (NYSE:NSA - Free Report) had its price objective lowered by UBS Group from $39.00 to $32.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

Several other analysts have also recently issued reports on NSA. Evercore ISI upped their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an "underperform" rating in a research report on Monday, September 15th. Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price on the stock. in a research report on Tuesday, May 27th. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Wells Fargo & Company decreased their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Reduce" and a consensus target price of $33.64.

National Storage Affiliates Trust Price Performance

Shares of NSA traded down $0.73 during midday trading on Tuesday, hitting $29.89. 1,604,154 shares of the company traded hands, compared to its average volume of 1,012,423. The firm has a 50 day moving average of $31.24 and a 200-day moving average of $33.89. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $49.44. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 48.21 and a beta of 1.09. 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 released 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 net margin of 8.92% and a return on equity of 4.91%. The company had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same period last year, the company earned $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. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. National Storage Affiliates Trust's payout ratio is presently 367.74%.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in National Storage Affiliates Trust by 145.5% during the fourth quarter. BNP Paribas Financial Markets now owns 21,015 shares of the real estate investment trust's stock worth $797,000 after acquiring an additional 12,455 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock worth $23,463,000 after acquiring an additional 4,363 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $353,000. Point72 Asset Management L.P. acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $563,000. Finally, State of Wyoming acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $93,000. Hedge funds and other 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.