National Storage Affiliates Trust (NYSE:NSA) Given New $42.00 Price Target at Barclays

National Storage Affiliates Trust (NYSE:NSA) had its price objective lowered by equities research analysts at Barclays from $46.00 to $42.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price suggests a potential upside of 14.85% from the company’s previous close.

Several other analysts have also recently commented on the stock. Jefferies Financial Group lifted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a report on Friday. Evercore ISI raised their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Robert W. Baird lifted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.06.

National Storage Affiliates Trust Stock Down 1.0 %

Shares of NYSE NSA opened at $36.57 on Monday. 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 firm’s 50-day moving average is $41.30 and its two-hundred day moving average is $43.31. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The company has a market capitalization of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Hedge Funds Weigh In On National Storage Affiliates Trust

Large investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $25,000. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares during the period. Ashton Thomas Securities LLC purchased a new stake in National Storage Affiliates Trust in the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust in the second quarter worth $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust during the second quarter valued at $39,000. Institutional investors and hedge funds 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.