Robert W. Baird Cuts National Storage Affiliates Trust (NYSE:NSA) Price Target to $39.00

National Storage Affiliates Trust (NYSE:NSA) had its target price lowered by equities research analysts at Robert W. Baird from $42.00 to $39.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 4.98% from the company’s current price.

A number of other equities analysts have also recently issued reports on NSA. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $42.06.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $37.15 on Thursday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 21.73 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The firm’s 50-day simple moving average is $37.53 and its 200 day simple moving average is $41.74.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NSA. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust in the 3rd quarter valued at $25,000. Versant Capital Management Inc raised its stake 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 valued at $28,000 after acquiring an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Finally, Quarry LP increased its stake 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 purchasing an additional 756 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.