Robert W. Baird Raises National Storage Affiliates Trust (NYSE:NSA) Price Target to $42.00

National Storage Affiliates Trust (NYSE:NSA) had its price target hoisted by analysts at Robert W. Baird from $39.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential downside of 2.37% from the stock’s previous close.

NSA has been the topic of a number of other reports. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Truist Financial upped their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Finally, Barclays increased 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 report on Monday, October 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $43.02 on Wednesday. The stock’s 50-day simple moving average is $45.51 and its 200 day simple moving average is $42.14. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.16 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $29.55 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in National Storage Affiliates Trust during the 3rd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $33,000. Ashton Thomas Private Wealth LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $39,000. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $59,000. 99.97% of the stock is currently owned by hedge funds and other 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.