National Storage Affiliates Trust (NYSE:NSA) Rating Increased to Hold at Deutsche Bank Aktiengesellschaft

National Storage Affiliates Trust (NYSE:NSA) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report issued on Friday,Benzinga reports. The brokerage presently has a $38.00 target price on the real estate investment trust’s stock, down from their previous target price of $40.00. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 2.98% from the company’s previous close.

NSA has been the topic of several other reports. Evercore ISI increased their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Barclays lifted their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Jefferies Financial Group increased 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 report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Finally, Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $43.56.

National Storage Affiliates Trust Stock Down 0.7 %

Shares of NYSE:NSA opened at $36.90 on Friday. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The stock’s 50-day moving average price is $41.40 and its two-hundred day moving average price is $43.32. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 21.58 and a beta of 1.03.

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

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust in the third quarter worth about $29,000. Versant Capital Management Inc lifted its stake in shares of National Storage Affiliates Trust by 233.6% in the fourth 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 in the last quarter. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at approximately $33,000. 99.97% of the stock is owned by institutional investors and hedge funds.

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.