According to The Fly, equity analysts from Evercore ISI lowered their price objective for National Storage Affiliates Trust (NYSE: NSA) on Monday, cutting it from $60.00 to $58.00 in a distributed research note to clients and investors. Evercore ISI has provided a target price for the company that is higher by 24.14% than where it is currently trading. This indicates that the stock may be worth more in the future. Other equity analysts have also released research on the company that was prepared based on research that they independently did on the company. In a report released on June 1, Truist Financial lowered both the “hold” rating that they had previously assigned to National Storage Affiliates Trust and the $61.00 price objective that they had set for the stock.
The new target price is $57.00. On June 30, Jefferies Financial Group published a research report with a “buy” rating for National Storage Affiliates Trust and a price target reduction from $80.00 to $58.00. The price target reduction was announced in conjunction with the study’s release. The report was made available to the public when the corporation announced the cut. In a research report released on May 25, Morgan Stanley lowered their price target for National Storage Affiliates Trust on May 25. The new price objective is $52.00, down from $60.00. This was the final reduction, although it was by no means the least important. Three equity research specialists have advocated buying the stock, while three other professionals have suggested keeping the stock in one’s portfolio instead. The stock now has a buy rating. The data that Bloomberg provided indicates that the company has been given an average rating of “Moderate Buy” and that the price target has been established at $60.17. When markets opened for business on Monday, the share price of National Storage Affiliates Trust was $46.72 per share.
The company’s stock is trading at a moving average of 50 days of $52.66 and 200 days of $54.69, respectively. There is a debt-to-equity ratio of 1.38, a quick ratio of 0.52, and a current ratio of 0.52. Each of these ratios is also equal to the other. The company has a price-to-earnings ratio of 47.19, a price-to-earnings-growth ratio of 2.04, and a beta value of 0.64, all of which contribute to the firm’s current market worth of $4.29 billion. During the past year, the price of one share of National Storage Affiliates Trust has fluctuated from $45.13 to $70.04 and hit a low of $45.13. On August 3, the most recent quarterly earnings report was made public for National Storage Affiliates Trust, which is traded on the NYSE under the symbol NSA. The real estate investment trust (REIT) reported earnings per share for the quarter were $0.24, which was $0.13 less than the average estimate of $0.37. The return on equity for National Storage Affiliates Trust was calculated to be 4.79%, while the net margin for the company was 14.91%.
Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $0.55. Analysts that watch the stock market have projected that National Storage Affiliates Trust would create earnings of $2.84 per share in 2018. This is according to the company’s performance in 2017. In recent months, several institutional investors have changed the overall proportion of NSA held within their respective investment portfolios. The percentage of National Storage Affiliates Trust shares owned by Raymond James Financial Services Advisors Inc. increased by 9.7% during the final three months of 2018. Raymond James Financial Services Advisors Inc. now has 355,000 shares of the company’s stock in its possession after purchasing an additional 452 shares of the real estate investment trust’s stock during the quarter. This brings the total number of shares owned by the company to 355,000. Pictet Asset Management SA increased its holdings of National Storage Affiliates Trust shares by 1.5 percent in the final three months of 2018.
Pictet Asset Management SA increased the total number of shares it owned in the real estate investment trust during the most recent fiscal quarter by purchasing an additional 464 shares of the company’s stock. This brought the total number of shares it owned to 31,292, with a value of $2,165,000. JPMorgan Chase & Co. boosted the amount of National Storage Affiliates Trust stock owned by 21.0% during the fourth quarter. Following purchasing an additional 131,108 shares during the most recent fiscal quarter, JPMorgan Chase & Co. now owns a total of 755,218 shares of the real estate investment trust, which are currently valued at $52,261,000. This brings the total number of shares that the company has in its possession up to 755,218. During the fourth quarter of 2018, ABRDN plc added 5.8 percentage points to the amount of National Storage Affiliates Trust shares it owned. Following the acquisition of 964 additional shares during the most recent fiscal quarter, Aberdeen plc currently holds 17,457 real estate investment trust shares, which have a combined value of $1,210,000.
And last, over the final three months of 2018, Allianz Asset Management GmbH increased the interest it already had in National Storage Affiliates Trust by 30.5% by purchasing more shares. Allianz Asset Management GmbH currently has 96,877 shares of the real estate investment trust following the acquisition of an additional 22,647 shares during the most recent quarter. The value of these 96,877 shares, when added together, is equal to a total of $6,704,000. Hedge funds and other institutional investors own 85.07% of the firm’s common stock. The Maryland-based National Storage Affiliates Trust is a real estate investment trust specializing in the ownership, management, and acquisition of self-storage facilities in one hundred most populous metropolitan statistical areas in the United States. These areas are ranked according to the number of people living in them.
As of September 30, 2020, the company owned and operated a total of 788 self-storage facilities that had an aggregate rentable square footage of more than 49.5 million. These institutions might be found in 35 different states and Puerto Rico.