L'intérêt à découvert pour National Storage donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de National Storage. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

National Storage (NYSE:NSA) Stock, Rapport sur les intérêts à découvert

National Storage

National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, Northwest and Move It brands.

National Storage Affiliates Trust Common Shares of Beneficial Interest

National Storage Affiliates Trust

NISSAN MOTOR LTD by Nissan Motor Co., Ltd.

Nissan Motor Co Ltd

NISSAN MOTOR LTD S/ADR by Nissan Motor Co., Ltd.

NSTAR ELECTRIC CO 4.78 PR by NSTAR Electric Co.

NSTAR Electric Co

NSTAR ELECTRIC CO 4.25 PR by NSTAR Electric Co.

MegumaGold Corp

NET SAVINGS LINK INC by Net Savings Link, Inc.

Net Savings Link Inc

National Storage Affiliates Trust 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (Liquidation Preference $25.00 per share)

National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest

Jefferies analyst Jonathan Petersen maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Buy and raises the price target from $47 to $54.

News

Price Target

Analyst Ratings

Jefferies Maintains Buy on National Storage, Raises Price Target to $54

Evercore ISI Group analyst Steve Sakwa maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Underperform and raises the price target from $40 to $41.

Evercore ISI Group Maintains Underperform on National Storage, Raises Price Target to $41

Self-storage real estate investment trusts&nbsp;(REITs), which generate income by leasing storage units to tenants, have become popular among investors seeking <a href="https://www.benzinga.com/money/self-storage-reits">stable and consistent returns</a>.
The SSA (Self-Storage Association) Fall Conference indicated that market participants believe the operating environment "may be bottoming" and capital market headwinds could "soon subside," according to KeyBanc Capital Markets.
The Specialized REITs Analyst: Todd Thomas downgraded the ratings for National Storage Affiliates Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) from Overweight to Sector Weight. 
Thomas also reiterated an Overweight rating on Extra Space Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), while raising the price target to $178.
The Specialized REITs Thesis: While demand remains under pressure, move-in rents are lower than last year, and "aggressive ECRI strategies continue to create anxiety across the industry," Thomas said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Thomas stated that he expects National Storage Affiliates Trust's portfolio to "continue to lag vs. peers as the demand environment remains weaker than we thought it would at this point in the year," he added.
"We expect the REITs to continue to outperform within the industry as they are relatively well-capitalized and have significant scale and platform advantages," the analyst wrote. They also "stand to benefit from ongoing consolidation," Thomas stated.
"The biggest news out of the conference was that EXR plans to collapse the Life Storage brand after 11 months of testing, and there are several small and midsize portfolios hitting the market which could lead to an increase in acquisition activity in the months ahead," he further wrote.
Price action at the time of publication:
<ul>
<li>Nucor's shares were trading flat at $46.47</li>
<li>Shares of Extra Space Storage had risen by 1.56% to $176.29</li>
</ul>
Now Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40773576/us-yield-curve-no-longer-inverted-why-this-time-the-recession-scenario-might-be-d">US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors</a>
Image: Shutterstock

Analyst Color

Downgrades

Reiteration

Movers

Trading Ideas

Self-Storage REITs Analyst Is Bullish On Extra Space Storage, But No Longer Bullish On This Stock

During the last three months, 7 analysts shared their evaluations of National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for National Storage, presenting an average target of $41.36, a high estimate of $45.00, and a low estimate of $39.00. This current average reflects an increase of 11.78% from the previous average price target of $37.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1725883213_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive National Storage is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Smedes Rose</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$44.50</td>
<td>$36.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Underperform</td>
<td>$40.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$45.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$41.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Wesley Golladay</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Underperform</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to National Storage. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of National Storage compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of National Storage's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of National Storage's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NSA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on National Storage analyst ratings.</a>
<h2>All You Need to Know About National Storage</h2>
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, Northwest and Move It brands.
<h3>Understanding the Numbers: National Storage's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, National Storage faced challenges, resulting in a decline of approximately -11.63% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: National Storage's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.27%, the company may face hurdles in effective cost management.
Return on Equity (ROE): National Storage's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.34%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): National Storage's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.22%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 3.99, National Storage faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About National Storage Stock

Keybanc analyst Todd Thomas downgrades National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) from Overweight to Sector Weight.

Keybanc Downgrades National Storage to Sector Weight

The National Security Agency or NSA has announced the launch of a new series, &#8220;No Such Podcast,&#8221; where it will reveal stories of its past missions.
What Happened: The podcast, set to be available starting Sept. 5, will initially delve into&nbsp;foreign signals intelligence and cybersecurity. 
The agency&#8217;s operations have been <a href="https://www.benzinga.com/news/24/02/37385407/nothing-is-secure-tucker-carlson-accuses-nsa-of-intercepting-and-leaking-encrypted-signal-chats">shrouded in secrecy for years</a>, with the public&#8217;s understanding of its activities largely coming from leaks, such as those by former contractor Edward Snowden in 2013.
See Also: <a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Explains Why, Despite Getting A Lot Of Flak From Elon Musk And Others, He Continues To Post On X</a>
The inaugural episode of &#8220;No Such Podcast&#8221; will recount a declassified story of the NSA&#8217;s signals intelligence&nbsp;contributions to the U.S. government&#8217;s efforts to neutralize Osama bin Laden. 
The NSA intends to release six weekly episodes of &#8220;No Such Podcast&#8221; through mid-October. The podcast will be accessible on popular platforms&nbsp;like Apple Podcasts, Spotify, Pocket&nbsp;Casts, and YouTube.
&#8220;Because it&#8217;s sensitive, we can&#8217;t&nbsp;talk about some of our&nbsp;work, but it&#8217;s&nbsp;time to start telling more&nbsp;stories that we can talk about, sharing more of that&nbsp;expertise, and highlighting these incredible&nbsp;public servants,&#8221; stated&nbsp;Sara Siegle, NSA's chief of strategic communications, in a press release.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The NSA&#8217;s decision to share its past missions comes in the wake of a <a href="https://www.benzinga.com/news/22/09/29024133/edward-snowden-now-a-russian-yearns-for-family-stability-after-ten-years-of-exile">history of secrecy and controversy</a>. 
In 2013, a massive surveillance effort by the NSA and FBI on consumer services was <a href="https://www.benzinga.com/general/politics/13/08/3848670/snowden-revelations-and-nsa">leaked by government contractor</a> Snowden.
This leak exposed a government program called PRISM, which harvested user data from major Silicon Valley companies. The NSA&#8217;s new podcast series could be seen as an attempt to increase transparency and rebuild public trust.
Earlier this year, conservative <a href="https://www.benzinga.com/topic/tucker-carlson">media personality</a> and former Fox News host&nbsp;Tucker Carlson, alleged that the <a href="https://www.benzinga.com/news/24/02/37385407/nothing-is-secure-tucker-carlson-accuses-nsa-of-intercepting-and-leaking-encrypted-signal-chats">NSA spied on him two years ago</a> and again before his interview with Russian President Vladimir Putin.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40673345/trump-misunderstands-taiwans-role-in-chip-industry-says-economy-minister-the-president-has-a-lot-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Misunderstands Taiwan&#8217;s Role In Chip Industry, Says Economy Minister: &#8216;The President Has A Lot On His Plate&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Tech

Shrouded In Secrecy So Far, NSA To Unveil Classified Missions In Upcoming 'No Such Podcast' Series: What You Need To Know

Citigroup analyst Smedes Rose maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Neutral and raises the price target from $36 to $44.5.

Citigroup Maintains Neutral on National Storage, Raises Price Target to $44.5

Evercore ISI Group analyst Steve Sakwa maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Underperform and raises the price target from $38 to $40.

Evercore ISI Group Maintains Underperform on National Storage, Raises Price Target to $40

NSA and Solar Landscape plan to develop at least 100 megawatts of solar capacity, which represents approximately 8.5 million square feet of rooftop space.
NSA has granted Solar Landscape exclusive rights to evaluate approximately 1,000 of NSA&#39;s properties in 42 states and Puerto Rico for the potential to host community solar.&nbsp;
The companies have worked together since 2022.

National Storage Affiliates Trust, Solar Landscape Enter Agreement To Pursue Installation Of New Solar Capacity On Rooftops Across Company's Properties Nationwide

Barclays analyst Brendan Lynch maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Equal-Weight and raises the price target from $38 to $45.

Barclays Maintains Equal-Weight on National Storage, Raises Price Target to $45

National Storage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) short percent of float has fallen 19.98% since its last report. The company recently reported that it has 3.68 million shares sold short, which is 7.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>National Storage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723832115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for National Storage has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing National Storage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, National Storage's peer group average for short interest as a percentage of float is 4.09%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into National Storage's Recent Short Interest

4 analysts have expressed a variety of opinions on National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $40.0, along with a high estimate of $41.00 and a low estimate of $39.00. This upward trend is apparent, with the current average reflecting a 8.84% increase from the previous average price target of $36.75.
<img src="https://www.benzinga.com/files/images/story/2024/1723809661_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of National Storage by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$41.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Wesley Golladay</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Underperform</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to National Storage. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of National Storage compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of National Storage's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into National Storage's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NSA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on National Storage analyst ratings.</a>
<h2>Unveiling the Story Behind National Storage</h2>
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, Northwest and Move It brands.
<h3>National Storage: Delving into Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: National Storage's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -11.63%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.27%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.34%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): National Storage's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.22%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: National Storage's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.99, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: National Storage Through The Eyes Of 4 Analysts

Truist Securities analyst Ki Bin Kim maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Hold and raises the price target from $38 to $41.

Truist Securities Maintains Hold on National Storage, Raises Price Target to $41

Baird analyst Wesley Golladay maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Neutral and raises the price target from $37 to $39.

Baird Maintains Neutral on National Storage, Raises Price Target to $39

WIIM

National Storage shares are trading higher. The company reported Q2 financial results.

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="17" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="7" rowspan="1">Current Ranges for Full Year 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="7" rowspan="1">Prior Ranges for Full Year 2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">Low</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">High</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">Low</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">High</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share - diluted</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1.10</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1.17</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1.31</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1.48</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Impact of the difference in weighted average number of shares and GAAP accounting for noncontrolling interests, two-class method and treasury stock method</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.18</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.11</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.05</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.01</td>
<td colspan="1" rowspan="1">)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add real estate depreciation and amortization</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.45</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.49</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.57</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.66</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add (subtract) equity in losses (earnings) of unconsolidated real estate ventures</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.11</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.13</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.11</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.09</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add NSA's share of FFO of unconsolidated real estate ventures</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.17</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.19</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.20</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.22</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">FFO attributable to subordinated unitholders</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.17</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.17</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.34</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.38</td>
<td colspan="1" rowspan="1">)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Less gain on sale of self storage properties</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.50</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.50</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.51</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.51</td>
<td colspan="1" rowspan="1">)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add integration and executive severance costs</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add acquisition costs and NSA's share of unconsolidated real estate venture acquisition costs</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Core FFO per share and unit</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">2.36</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">2.44</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">2.40</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">2.56</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">The table above provides a reconciliation of the range of estimated earnings per share - diluted to estimated Core FFO per share and unit.</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 guidance reflects NSA's 2024 same store pool comprising 776 stores. 2023 actual results reflect NSA's 2023 same store pool comprising 724 stores.</td>
</tr>
</tbody>
</table>
</figure>

Guidance

National Storage Affiliates Trust Lowers FY24 EPS From $1.31-$1.48 To $1.10-$1.17 Vs $1.40 Est.; FY24 Core FFO From $2.40-$2.56 To $2.36-$2.44 Per Share

National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.63 by 1.59 percent. This is a 8.82 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $190.45 million which missed the analyst consensus estimate of $197.21 million by 3.43 percent. This is a 11.63 percent decrease over sales of $215.51 million the same period last year.

Earnings

Earnings Misses

National Storage Q2 FFO $0.62 Misses $0.63 Estimate, Sales $190.45M Miss $197.21M Estimate

Wells Fargo analyst Eric Luebchow maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Underweight and raises the price target from $36 to $40.

Wells Fargo Maintains Underweight on National Storage, Raises Price Target to $40

The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the <a href="https://www.benzinga.com/money/mortgages">real estate mortgage market. </a>
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. 
This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. 
Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down
The reduction was largely propelled by rising expectations on Fed rate cuts and the fall in 30-year Treasury yields, a key indicator for long-term mortgage rates, which decreased by approximately 30 basis points month-to-date to 4.37%.
Market expectations for a 25 basis point rate cut in September have surged to nearly 100%, up from a 60% likelihood a month ago, according to the CME FedWatch Tool.
Joel Kan, the MBA's vice president, said, &#8220;Mortgage rates declined last week, as recent signs of cooling inflation and the increased likelihood of Fed rate cuts later this year pulled them lower.&#8221;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26-1024x500.png" alt="" class="wp-image-440604" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082633/image-26.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Rising Mortgage Demand
The 13 basis point reduction in mortgage rates has positively influenced demand, with applications for new mortgages and refinancing existing mortgages rising significantly last week. 
According to MBA data, mortgage applications in the U.S. jumped by 3.9% in the third week of July, recovering from declines in the previous two weeks to achieve the sharpest increase in a month.
Refinancing applications, which are particularly sensitive to weekly rate changes, increased by 15% from the previous week, reaching their highest level in two years.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27-1024x500.png" alt="" class="wp-image-440610" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17082958/image-27.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Market Reactions
The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) traded 1.33% higher at the time of publication Wednesday, after closing 1% higher Tuesday. The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) was up 1.27%.
Top performers in the premarket were:
<ul>
<li>SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) up 2.30%. </li>
<li>CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) up 1.90%.</li>
<li>National Storage Affiliates Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) up 0.90%.</li>
<li>Kennedy-Wilson Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KW#NYSE">KW</a>) up 0.56%.</li>
<li>Alexandria Real Estate Equities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) up 0.54%.</li>
<li>Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) up 0.47%. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39805707/regional-bank-gains-hit-levels-unseen-since-silicon-valley-banks-failure-as-investo">Regional Bank Gains Hit Levels Unseen Since Silicon Valley Bank&#8217;s Failure As Investor Sentiment Shifts To Small-Cap Names</a></li>
</ul>
Photo: Shutterstock

REIT

Sector ETFs

Econ #s

Federal Reserve

ETFs

Real Estate

CUBE

XLRE

Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand

Evercore ISI Group analyst Steve Sakwa maintains National Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) with a Underperform and raises the price target from $36 to $40.

REIT Fantasy Football: 11 Companies To Start Your Team

National Storage Affiliates to collect rent under rooftop solar project

A Summer To Remember

Public Storage: Still Great, But Still Not Worth The Purchase

National Storage: No More Upside (Rating Downgrade)

Dividend Champion, Contender, And Challenger Highlights: Week Of September 8

Extra Space Storage reiterated at Overweight, NSA downgraded at KeyBanc

In this video, I take a closer look at the week's notable events and discuss what to watch for in the coming week.

Masters In Trading - Saturday, Sept. 21

Dividend Champion, Contender, And Challenger Highlights: Week Of September 22

In a report released today, Ronald Kamdem from Morgan Stanley maintained a Hold rating on National Storage Affiliates (NSA – Research Report), with...

Comments

National Storage

Intérêt court

National Storage (NYSE:NSA) Stock, Rapport sur les intérêts à découvert

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL