Jefferies Financial Group Increases National Storage Affiliates Trust (NYSE:NSA) Price Target to $54.00

by · The Cerbat Gem

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) had its price target boosted by research analysts at Jefferies Financial Group from $47.00 to $54.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 12.17% from the company’s previous close.

A number of other equities analysts have also commented on the company. Barclays raised their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price target on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Evercore ISI increased their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday. Truist Financial boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target of $41.45.

Get Our Latest Report on NSA

National Storage Affiliates Trust Stock Performance

NSA opened at $48.14 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day simple moving average of $44.82 and a 200 day simple moving average of $40.34. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $49.25. The company has a market capitalization of $3.61 billion, a PE ratio of 25.20 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last announced its 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). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. Research analysts expect that National Storage Affiliates Trust will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NSA. International Assets Investment Management LLC increased its stake in shares of National Storage Affiliates Trust by 4,195.9% in the fourth 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 period. Victory Capital Management Inc. increased its stake in shares of National Storage Affiliates Trust by 8.3% in the fourth 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 period. BNP Paribas Financial Markets increased its stake in shares of National Storage Affiliates Trust by 310.9% in the fourth quarter. BNP Paribas Financial Markets now owns 45,930 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 34,751 shares during the period. Norges Bank acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $36,567,000. Finally, D.A. Davidson & CO. acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $248,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

(Get Free Report)

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.

Further Reading