Barclays Boosts National Storage Affiliates Trust (NYSE:NSA) Price Target to $38.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective boosted by analysts at Barclays from $33.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 11.27% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Mizuho increased their price objective 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. Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. National Bank Financial set a $32.00 price objective on shares of National Storage Affiliates Trust in a research note on Friday, December 5th. Finally, Morgan Stanley upgraded 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 research note on Friday, December 5th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and a consensus target price of $32.80.

National Storage Affiliates Trust Stock Up 0.5%

Shares of NYSE NSA opened at $34.15 on Thursday. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.62. The stock has a market capitalization of $2.63 billion, a PE ratio of 49.49 and a beta of 1.17. The stock’s fifty day simple moving average is $32.48 and its two-hundred day simple moving average is $31.07. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.86.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $187.03 million during the quarter, compared to the consensus estimate of $187.24 million. During the same period in the previous year, the company posted $0.60 EPS. National Storage Affiliates Trust’s revenue was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Hedge Funds Weigh In On National Storage Affiliates Trust

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust in the first quarter valued at $32,000. Farther Finance Advisors LLC grew its position in National Storage Affiliates Trust by 339.6% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the period. UMB Bank n.a. increased its stake in National Storage Affiliates Trust by 650.0% during the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 975 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $41,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.