National Storage Affiliates Trust (NYSE:NSA) Research Coverage Started at Barclays

Equities research analysts at Barclays assumed coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $39.00 price target on the real estate investment trust’s stock. Barclays‘s price objective indicates a potential downside of 0.41% from the stock’s current price.

NSA has been the subject of several other reports. StockNews.com upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 23rd. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “underweight” rating in a research note on Tuesday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 target price for the company. Truist Financial lifted their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, December 28th. Finally, Evercore ISI reiterated an “underperform” rating and set a $35.00 price target (up previously from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.60.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $39.16 on Wednesday. The stock has a 50-day moving average price of $37.13 and a 200-day moving average price of $35.39. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $43.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The firm has a market cap of $3.13 billion, a PE ratio of 26.11 and a beta of 0.84.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in shares of National Storage Affiliates Trust by 6.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,478 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 600 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of National Storage Affiliates Trust by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after buying an additional 181,644 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of National Storage Affiliates Trust by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,026 shares of the real estate investment trust’s stock worth $2,117,000 after buying an additional 2,060 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $2,468,000. Finally, Virtus ETF Advisers LLC raised its holdings in shares of National Storage Affiliates Trust by 7.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 6,178 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 417 shares during the period. 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.