UBS Group Lowers National Storage Affiliates Trust (NYSE:NSA) Price Target to $32.00

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 - Get Free Report) had its price target dropped by investment analysts at UBS Group from $39.00 to $32.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price would suggest a potential upside of 3.14% from the company's previous close.

NSA has been the subject of several other reports. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 target price for the company. Evercore ISI upped their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a research report on Monday. Morgan Stanley downgraded shares of 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. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company reduced 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. One analyst has rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $35.33.

National Storage Affiliates Trust Price Performance

NSA stock opened at $31.03 on Tuesday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 49.88 and a beta of 1.09. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $49.44. The company's fifty day simple moving average is $31.37 and its 200 day simple moving average is $34.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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 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 analyst estimates of $185.91 million. During the same quarter in the prior year, the company posted $0.21 EPS. National Storage Affiliates Trust'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 expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its position in shares of National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust's stock valued at $100,670,000 after buying an additional 1,989,965 shares in the last quarter. Long Pond Capital LP purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $79,936,000. Prudential Financial Inc. raised its position in shares of National Storage Affiliates Trust by 50.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust's stock valued at $66,844,000 after buying an additional 696,067 shares in the last quarter. Jennison Associates LLC raised its position in shares of National Storage Affiliates Trust by 38.5% during the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust's stock valued at $47,510,000 after buying an additional 413,173 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of National Storage Affiliates Trust by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust's stock valued at $45,912,000 after buying an additional 12,737 shares in the last quarter. Hedge funds and other institutional investors 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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