National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $32.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective boosted by investment analysts at Mizuho from $30.00 to $32.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target indicates a potential downside of 0.03% from the company’s current price.

NSA has been the subject of a number of other reports. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Truist Financial cut their price objective on shares of National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, December 17th. Evercore ISI raised their price target on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Reduce” and an average price target of $32.50.

National Storage Affiliates Trust Stock Performance

NYSE:NSA traded up $0.63 during trading on Monday, reaching $32.01. The company’s stock had a trading volume of 647,174 shares, compared to its average volume of 1,535,618. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 52.63 and a beta of 1.18. The firm has a 50 day moving average of $29.10 and a 200-day moving average of $30.47. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Long Pond Capital LP purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $79,936,000. Balyasny Asset Management L.P. lifted its position in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after purchasing an additional 1,989,965 shares during the period. Hudson Bay Capital Management LP bought a new stake in National Storage Affiliates Trust during the third quarter valued at about $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in National Storage Affiliates Trust by 723.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after acquiring an additional 937,939 shares in the last quarter. Finally, Bank of America Corp DE increased its position in National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after buying an additional 714,840 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 publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.