National Storage Affiliates Trust (NYSE:NSA) PT Set at $37.00 by Truist Financial

National Storage Affiliates Trust (NYSE:NSA) has been given a $37.00 target price by analysts at Truist Financial in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 9.08% from the company’s current price.

Several other equities research analysts also recently commented on NSA. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Mizuho started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price on the stock. Barclays reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.83.

National Storage Affiliates Trust Trading Down 1.1%

NYSE:NSA opened at $33.92 on Monday. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The company’s 50 day moving average is $36.37 and its 200-day moving average is $38.40. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 19.84 and a beta of 1.20. 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) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 13.70% of the company’s stock.

Hedge Funds Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Fourth Dimension Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $28,000. Advisors Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $32,000. Quarry LP grew its position in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares during the period. Jones Financial Companies Lllp grew its position in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $50,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.