National Storage Affiliates Trust (NYSE:NSA) Downgraded to “Sell” Rating by Wall Street Zen

National Storage Affiliates Trust (NYSE:NSA) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also weighed in on NSA. Truist Financial reduced their target price on National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group reduced their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Zacks Research upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $30.00 to $32.00 in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Stock Down 1.3%

Shares of NYSE:NSA opened at $28.03 on Friday. National Storage Affiliates Trust has a 1 year low of $27.97 and a 1 year high of $40.62. The business has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $30.99. The firm has a market capitalization of $2.16 billion, a PE ratio of 45.95 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25.

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

Institutional Trading of National Storage Affiliates Trust

A number of hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the period. UMB Bank n.a. boosted its position in National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust in the first quarter valued at about $32,000. Jones Financial Companies Lllp raised its holdings in National Storage Affiliates Trust by 81.8% in the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 586 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of National Storage Affiliates Trust during the third quarter valued at about $41,000. 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.