Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $41.28

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the ten research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.28.

Several equities analysts recently commented on NSA shares. Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays dropped their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target for the company.

Insider Activity

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $231,240. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 13.70% of the company’s stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $28,000. Quarry LP grew its stake in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $50,000. Brooklyn Investment Group grew its stake in shares of National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,522 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 53.9% during the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 598 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $35.42 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $2.71 billion, a PE ratio of 20.71 and a beta of 1.20. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The business has a 50 day simple moving average of $36.51 and a 200 day simple moving average of $38.62.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

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.