National Storage Affiliates Trust (NYSE:NSA) Given New $54.00 Price Target at Jefferies Financial Group

National Storage Affiliates Trust (NYSE:NSA) had its price objective increased by research analysts at Jefferies Financial Group from $47.00 to $54.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential upside of 12.17% from the company’s previous close.

NSA has been the topic of a number of other reports. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday. Barclays increased their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Robert W. Baird increased their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Citigroup increased their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Three investment 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. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and an average price target of $41.45.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $48.14 on Wednesday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.20 and a beta of 0.98. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $49.25. The stock’s 50 day moving average price is $44.82 and its two-hundred day moving average price is $40.34. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. National Storage Affiliates Trust’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, equities analysts predict that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NSA. International Assets Investment Management LLC raised its position in National Storage Affiliates Trust by 4,195.9% in the 4th quarter. International Assets Investment Management LLC now owns 8,377 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 8,182 shares during the last quarter. Victory Capital Management Inc. raised its position in National Storage Affiliates Trust by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 16,425 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 1,263 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of National Storage Affiliates Trust by 310.9% during the 4th quarter. BNP Paribas Financial Markets now owns 45,930 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 34,751 shares during the last quarter. Norges Bank purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at $36,567,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at $248,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

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.