Citigroup Boosts National Storage Affiliates Trust (NYSE:NSA) Price Target to $44.50

National Storage Affiliates Trust (NYSE:NSA) had its target price boosted by equities research analysts at Citigroup from $36.00 to $44.50 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential downside of 3.51% from the company’s current price.

NSA has been the subject of several other research reports. Wells Fargo & Company boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Barclays boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $40.00 and gave the company an “underperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and a consensus price target of $39.94.

National Storage Affiliates Trust Trading Up 0.2 %

Shares of NSA stock traded up $0.08 during trading hours on Friday, reaching $46.12. 279,951 shares of the stock were exchanged, compared to its average volume of 764,462. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $46.84. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average price is $42.94 and its 200-day moving average price is $39.19. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 24.10 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities 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 other National Storage Affiliates Trust news, Director Chad Leroy Meisinger acquired 18,405 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the purchase, 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 is available through the SEC website. Company insiders own 13.00% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust during the second quarter worth $33,000. Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust during the second quarter valued at $39,000. Rothschild Investment LLC purchased a new position in National Storage Affiliates Trust during the second quarter valued at $59,000. Signaturefd LLC lifted its holdings in National Storage Affiliates Trust by 48.1% during the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in National Storage Affiliates Trust during the first quarter valued at $113,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.