National Storage Affiliates Trust (NYSE:NSA) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

National Storage Affiliates Trust (NYSE:NSA) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has a $38.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $40.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 3.91% from the stock’s current price.

A number of other equities analysts have also commented on the company. Wells Fargo & Company raised their price target on 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 lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Jefferies Financial Group lifted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Barclays lifted their price objective on 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. Two equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $43.56.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $36.57 on Friday. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The business has a fifty day moving average price of $41.30 and a 200-day moving average price of $43.29. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $2.79 billion, a P/E ratio of 21.39 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same period in the previous year, the business earned $0.67 earnings per share. National Storage Affiliates Trust’s revenue was down 20.2% on a year-over-year basis. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the second quarter worth about $39,000. Choreo LLC increased its holdings in shares of National Storage Affiliates Trust by 27.1% in the second quarter. Choreo LLC now owns 13,092 shares of the real estate investment trust’s stock worth $528,000 after buying an additional 2,794 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of National Storage Affiliates Trust by 29.4% in the second quarter. Texas Permanent School Fund Corp now owns 86,852 shares of the real estate investment trust’s stock worth $3,580,000 after buying an additional 19,721 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 41.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 91,067 shares of the real estate investment trust’s stock worth $3,754,000 after buying an additional 26,846 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in shares of National Storage Affiliates Trust by 32.3% in the second quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust’s stock worth $3,819,000 after buying an additional 22,639 shares during the period. Institutional investors own 99.97% of the company’s stock.

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.