National Storage Affiliates Trust (NYSE:NSA) Upgraded by BNP Paribas Exane to Neutral Rating

National Storage Affiliates Trust (NYSE:NSA) was upgraded by equities research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report issued on Monday,Finviz reports. The firm currently has a $41.00 price objective on the real estate investment trust’s stock. BNP Paribas Exane’s price target indicates a potential upside of 2.49% from the stock’s current price.

Several other analysts have also recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $30.00 to $32.00 in a report on Friday, December 5th. Truist Financial boosted their target price on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Mizuho increased their price target on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $33.60.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $9.06 during trading on Monday, hitting $40.00. The stock had a trading volume of 8,006,769 shares, compared to its average volume of 1,717,998. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.95. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 57.90 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.86. The stock has a 50-day simple moving average of $32.88 and a two-hundred day simple moving average of $31.08.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The firm had revenue of $187.03 million for the quarter, compared to analyst estimates of $187.24 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. grew its position in shares of National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after acquiring an additional 1,989,965 shares during the period. Long Pond Capital LP purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at approximately $79,936,000. Cohen & Steers Inc. increased its holdings in National Storage Affiliates Trust by 145.6% in the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock worth $60,980,000 after acquiring an additional 1,281,337 shares in the last quarter. Prudential Financial Inc. increased its holdings in National Storage Affiliates Trust by 50.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock worth $66,844,000 after acquiring an additional 696,067 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in National Storage Affiliates Trust by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock worth $45,912,000 after acquiring an additional 12,737 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.