National Storage Affiliates Trust (NYSE:NSA) Rating Increased to Hold at Evercore

Evercore upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on NSA. Wells Fargo & Company cut their target price on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, February 5th. National Bank Financial set a $32.00 price objective on National Storage Affiliates Trust in a research note on Friday, December 5th. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Truist Financial boosted their price target on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, Barclays upped their price target on National Storage Affiliates Trust from $33.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Twelve analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Reduce” and a consensus target price of $33.60.

National Storage Affiliates Trust Trading Down 1.1%

Shares of NYSE:NSA opened at $39.79 on Tuesday. The stock’s 50-day simple moving average is $33.33 and its two-hundred day simple moving average is $31.19. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 57.66 and a beta of 1.17. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $41.37. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. The firm had revenue of $187.03 million during the quarter, compared to analyst estimates of $187.24 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue for the quarter 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. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, March 13th. National Storage Affiliates Trust’s payout ratio is currently 330.43%.

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of National Storage Affiliates Trust by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 336 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at $264,000. Hsbc Holdings PLC increased its position in National Storage Affiliates Trust by 26.5% in the fourth quarter. Hsbc Holdings PLC now owns 202,877 shares of the real estate investment trust’s stock worth $5,724,000 after purchasing an additional 42,533 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in National Storage Affiliates Trust by 443.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,484 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Invesco Ltd. lifted its position in National Storage Affiliates Trust by 2.8% during the fourth quarter. Invesco Ltd. now owns 831,730 shares of the real estate investment trust’s stock valued at $23,463,000 after purchasing an additional 22,982 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust News Roundup

Here are the key news stories impacting National Storage Affiliates Trust this week:

• Positive Sentiment: Public Storage announced an all‑stock acquisition of NSA, with reported terms of 0.14 PSA shares per NSA share (implying roughly $41.68 per NSA share) — a clear takeover premium that explains upward pressure on NSA stock as investors price in the deal. Proactive: Public Storage to acquire National Storage Affiliates
• Positive Sentiment: Analyst movement: BNP Paribas Exane upgraded NSA from “underperform” to “neutral” and set a $41.00 price target, signaling some broker support for the deal‑priced level and likely reinforcing buyer interest ahead of shareholder votes. Finviz: Analyst upgrade
• Neutral Sentiment: Market headlines and heavy volume have amplified moves in NSA alongside broader market gains — momentum trading and index action are contributing to intraday volatility but don’t change the underlying deal terms. Benzinga: Stocks moving higher
• Negative Sentiment: Multiple shareholder‑law firms (including Monteverde & Associates, Halper Sadeh LLC and Ademi LLP) have opened investigations and shareholder alerts into whether NSA shareholders are receiving a fair price and whether fiduciary duties were observed — these actions can delay shareholder votes, create settlement risk, or pressure deal terms. PR Newswire: M&A Class Action Firm investigation
• Negative Sentiment: Conflicting headline valuations (reports cite ~$10.5B deal value in some outlets versus a ~$5.6B figure in others) create uncertainty about the transaction’s structure and metrics — ambiguity can increase volatility and invite further scrutiny. WSJ: Deal valuation reporting

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.