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National Storage Affiliates Trust (NSA)
NYSE:NSA
NSA Analyst Ratings
Moderate Sell
0 Buy
5 Hold
5 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
NSA Stock 12 Month Forecast
Average Price Target
$33.85
▲(8.11% Upside)
| Highest Price Target$37.00 | Average Price Target$33.85 | Lowest Price Target$30.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Robert W. Baird
$39→$34
Hold
8.59%
Upside
Reiterated
08/12/25
BMO Capital
$36
Hold
14.98%
Upside
Reiterated
08/10/25
National Storage Affiliates: Balancing Growth Potential and Strategic Challenges Amid Hold RatingWe hosted investor meetings with David Cramer (CEO), Brandon Togashi (CFO), and George Hoglund (IR) focused on NSA's PRO internalization, market challenges/opportunities, and strategic priorities. NSA reiterated its conviction of a 2H25 SSRev inflection after initial internalization missteps given improved occupancy/rate trends. Investors seemed intrigued by NSA's potential to deliver enhanced industry growth as fundamentals grind higher with upside from ex-PRO assets. NSA is confident on delivering positive '26 SSRev growth. Execution remains key.
Bank of America Securities
$37→$33
Sell
5.40%
Upside
Reiterated
08/08/25
Barclays
$41→$36
Hold
14.98%
Upside
Reiterated
08/08/25
Evercore ISI
$37→$31
Sell
-0.99%
Downside
Reiterated
08/05/25
Truist Financial
$37
Hold
18.17%
Upside
Reiterated
08/04/25
Cautious Hold Rating on National Storage Affiliates Amidst Declining Performance and Lowered GuidanceWe remain HOLD rated on NSA and continue to favor our Buy rated self-storage names CubeSmart (CUBE, Buy) Public Storage (PSA, Storage REIT Inc. (SMA, Buy) in this order (due to mostly value, balance sheet and potential for sustainable growth).NSA is trading at a mid 6 implied cap rate, but we could see it move to mid-upper 6%, given the lack of trailing operating metrics compared to peers. This will likely start calling into question 2026 growth rates, short of a notable housing recovery. 2Q25 core highlights: SSNOI declined -6.1% YoY in the quarter compared to -5.7% YoY last quarter. SSREV growth was down -3.0% YoY (-1.5% we modeled) vs. -3.0% in 1Q25, driven primarily by a -240 bps decrease in average occupancy and a -30bps decrease in average annualized revenue per occupied sf.
Morgan Stanley
$30
Sell
-4.18%
Downside
Reiterated
08/04/25
Citi
$40→$33.5
Hold
6.99%
Upside
Reiterated
07/28/25
Wells Fargo
$38→$35
Sell
11.79%
Upside
Reiterated
07/23/25
Exane BNP Paribas
$33
Sell
5.40%
Upside
Initiated
06/24/25
KeyBanc
―
Hold
―
Reiterated
05/15/25
Mizuho Securities
$35
Hold
11.79%
Upside
Initiated
04/08/25
Jefferies
$43→$44
Buy
40.53%
Upside
Reiterated
02/14/25
Deutsche Bank
$40→$38
Hold
21.37%
Upside
Upgraded
01/10/25
UBS
$40→$43
Hold
37.34%
Upside
Reiterated
11/08/24
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Robert W. Baird
$39→$34
Hold
8.59%
Upside
Reiterated
08/12/25
BMO Capital
$36
Hold
14.98%
Upside
Reiterated
08/10/25
National Storage Affiliates: Balancing Growth Potential and Strategic Challenges Amid Hold RatingWe hosted investor meetings with David Cramer (CEO), Brandon Togashi (CFO), and George Hoglund (IR) focused on NSA's PRO internalization, market challenges/opportunities, and strategic priorities. NSA reiterated its conviction of a 2H25 SSRev inflection after initial internalization missteps given improved occupancy/rate trends. Investors seemed intrigued by NSA's potential to deliver enhanced industry growth as fundamentals grind higher with upside from ex-PRO assets. NSA is confident on delivering positive '26 SSRev growth. Execution remains key.
Bank of America Securities
$37→$33
Sell
5.40%
Upside
Reiterated
08/08/25
Barclays
$41→$36
Hold
14.98%
Upside
Reiterated
08/08/25
Evercore ISI
$37→$31
Sell
-0.99%
Downside
Reiterated
08/05/25
Truist Financial
$37
Hold
18.17%
Upside
Reiterated
08/04/25
Cautious Hold Rating on National Storage Affiliates Amidst Declining Performance and Lowered GuidanceWe remain HOLD rated on NSA and continue to favor our Buy rated self-storage names CubeSmart (CUBE, Buy) Public Storage (PSA, Storage REIT Inc. (SMA, Buy) in this order (due to mostly value, balance sheet and potential for sustainable growth).NSA is trading at a mid 6 implied cap rate, but we could see it move to mid-upper 6%, given the lack of trailing operating metrics compared to peers. This will likely start calling into question 2026 growth rates, short of a notable housing recovery. 2Q25 core highlights: SSNOI declined -6.1% YoY in the quarter compared to -5.7% YoY last quarter. SSREV growth was down -3.0% YoY (-1.5% we modeled) vs. -3.0% in 1Q25, driven primarily by a -240 bps decrease in average occupancy and a -30bps decrease in average annualized revenue per occupied sf.
Morgan Stanley
$30
Sell
-4.18%
Downside
Reiterated
08/04/25
Citi
$40→$33.5
Hold
6.99%
Upside
Reiterated
07/28/25
Wells Fargo
$38→$35
Sell
11.79%
Upside
Reiterated
07/23/25
Exane BNP Paribas
$33
Sell
5.40%
Upside
Initiated
06/24/25
KeyBanc
―
Hold
―
Reiterated
05/15/25
Mizuho Securities
$35
Hold
11.79%
Upside
Initiated
04/08/25
Jefferies
$43→$44
Buy
40.53%
Upside
Reiterated
02/14/25
Deutsche Bank
$40→$38
Hold
21.37%
Upside
Upgraded
01/10/25
UBS
$40→$43
Hold
37.34%
Upside
Reiterated
11/08/24
Best Analysts Covering National Storage Affiliates
1 Month
xxx
Success Rate
8/13 ratings generated profit
Average Return
+4.38%
reiterated a xxx
rating 6 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 61.54% of your transactions generating a profit, with an average return of +4.38% per trade.
3 Months
xxx
Success Rate
8/13 ratings generated profit
Average Return
+4.29%
reiterated a xxx
rating 6 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 61.54% of your transactions generating a profit, with an average return of +4.29% per trade.
1 Year
Success Rate
9/15 ratings generated profit
Average Return
-1.41%
reiterated a sell rating last month
Copying Eric Luebchow's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of -1.41% per trade.
2 Years
xxx
Success Rate
13/15 ratings generated profit
Average Return
+8.65%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 86.67% of your transactions generating a profit, with an average return of +8.65% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
NSA Analyst Recommendation Trends
Rating
Apr 25
May 25
Jun 25
Jul 25
Aug 25
Strong Buy
0
0
0
0
0
Buy
1
0
0
0
0
Hold
16
24
20
16
10
Sell
4
4
6
7
8
Strong Sell
0
0
0
0
0
total
21
28
26
23
18
Each month's total comprises the sum of three months' worth of ratings.
NSA Financial Forecast
NSA Stock Forecast FAQ
What is NSA’s average 12-month price target, according to analysts?
Based on analyst ratings, National Storage Affiliates Trust’s 12-month average price target is 33.85.
What is NSA’s upside potential, based on the analysts’ average price target?
National Storage Affiliates Trust has 8.11% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is NSA a Buy, Sell or Hold?
National Storage Affiliates Trust has a consensus rating of Moderate Sell which is based on 0 buy ratings, 5 hold ratings and 5 sell ratings.
What is National Storage Affiliates Trust’s price target?
The average price target for National Storage Affiliates Trust is 33.85. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $37.00 ,the lowest forecast is $30.00. The average price target represents 8.11% Increase from the current price of $31.31.
The highest analyst price target is $37.00 ,the lowest forecast is $30.00. The average price target represents 8.11% Increase from the current price of $31.31.
What do analysts say about National Storage Affiliates Trust?
National Storage Affiliates Trust’s analyst rating consensus is a Moderate Sell. This is based on the ratings of 10 Wall Streets Analysts.
How can I buy shares of NSA?
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