Wells Fargo & Company Boosts National Storage Affiliates Trust (NYSE:NSA) Price Target to $40.00

National Storage Affiliates Trust (NYSE:NSA) had its price target boosted by equities research analysts at Wells Fargo & Company from $36.00 to $40.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 6.48% from the stock’s current price.

Separately, Evercore ISI upped their price target on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underperform” rating in a research note on Monday, July 15th. Three 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.44.

National Storage Affiliates Trust Trading Down 0.3 %

Shares of NSA stock opened at $42.77 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $40.32 and a 200 day moving average of $38.21. The stock has a market capitalization of $3.21 billion, a PE ratio of 22.39 and a beta of 0.95. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $46.84.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to analysts’ expectations of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.49 earnings per share for the current year.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Chad Leroy Meisinger acquired 18,405 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of $37.74 per share, with a total value of $694,604.70. Following the completion of the acquisition, the director now directly owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 961 shares during the last quarter. SG Americas Securities LLC purchased a new position in National Storage Affiliates Trust in the 1st quarter worth approximately $113,000. Metis Global Partners LLC purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $210,000. Highland Capital Management LLC purchased a new stake in shares of National Storage Affiliates Trust in the second quarter valued at approximately $212,000. Finally, Colonial River Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $220,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.