National Storage Affiliates Trust (NYSE:NSA – Get Free Report) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a $38.00 price target on the real estate investment trust’s stock, down from their previous price target of $40.00. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 2.98% from the stock’s previous close.
NSA has been the subject of several other research reports. Barclays boosted their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Jefferies Financial Group boosted their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company raised their target price 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. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Evercore ISI raised 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, September 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.56.
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National Storage Affiliates Trust Stock Performance
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 earnings per share (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 analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.
Institutional Trading of National Storage Affiliates Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in NSA. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 257 shares in the last quarter. SPC Financial Inc. boosted its stake in National Storage Affiliates Trust by 4.8% during the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE increased its position in shares of National Storage Affiliates Trust by 13.3% during the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc raised its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust in the third quarter valued at $25,000. 99.97% of the stock is currently owned by 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.
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