National Storage Affiliates Trust (NYSE:NSA) Upgraded to “Hold” at Mizuho

National Storage Affiliates Trust (NYSE:NSA) was upgraded by Mizuho to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on NSA. Robert W. Baird cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, Barclays dropped their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.28.

National Storage Affiliates Trust Price Performance

NSA traded down $1.54 during trading on Tuesday, reaching $33.12. The stock had a trading volume of 113,851 shares, compared to its average volume of 650,843. The business has a 50-day moving average of $37.54 and a 200-day moving average of $40.22. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $2.53 billion, a PE ratio of 19.38 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.00% of the stock is owned by insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth about $28,000. Quarry LP increased its stake in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $50,000. Finally, Parallel Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 53.9% during the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.