Barclays Lowers National Storage Affiliates Trust (NYSE:NSA) Price Target to $42.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective dropped by research analysts at Barclays from $46.00 to $42.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 16.83% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group boosted 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 report on Wednesday, September 18th. Robert W. Baird increased their target price 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. Wells Fargo & Company lifted 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 report on Monday, October 21st. Evercore ISI increased their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $43.06.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $35.95 on Monday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $41.04 and a 200-day moving average price of $43.24. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The stock has a market capitalization of $2.74 billion, a PE ratio of 21.02 and a beta of 1.03.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Versant Capital Management Inc lifted 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 period. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the second quarter worth $33,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the second quarter worth $39,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.