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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) had its price target decreased by equities researchers at Barclays from $46.00 to $42.00 in a report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price would suggest a potential upside of 16.73% from the stock's current price.

Several other equities analysts also recently weighed in on NSA. Wells Fargo & Company raised their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the company from $40.00 to $38.00 in a report on Friday. Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Evercore ISI lifted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an "underperform" rating in a report on Monday, September 16th. Finally, Jefferies Financial Group lifted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Two investment 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 MarketBeat, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average price target of $43.06.

National Storage Affiliates Trust Trading Down 1.4 %

Shares of National Storage Affiliates Trust stock traded down $0.51 on Monday, hitting $35.98. The stock had a trading volume of 169,626 shares, compared to its average volume of 571,377. The stock's 50-day simple moving average is $41.30 and its two-hundred day simple moving average is $43.31. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 21.04 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million for 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%. The business's quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its position in shares of National Storage Affiliates Trust by 3.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust's stock valued at $103,665,000 after buying an additional 90,925 shares in the last quarter. Caxton Associates LP purchased a new position in shares of National Storage Affiliates Trust in the second quarter worth $1,553,000. Center Lake Capital Management LLC purchased a new position in shares of National Storage Affiliates Trust in the second quarter worth $2,885,000. Edgestream Partners L.P. lifted its holdings in shares of National Storage Affiliates Trust by 32.3% in the second quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust's stock worth $3,819,000 after buying an additional 22,639 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of National Storage Affiliates Trust by 9.1% in the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust's stock worth $16,034,000 after buying an additional 32,544 shares in the last quarter. 99.97% of the stock is 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.