Evercore ISI Group launched its National Storage [NSA] rating to the equivalent of Outperform and assigned the price target of $42.0, in a research note dated 2021-01-08. That figure represents around a 18.21% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with SunTrust’s analysts upgrading the shares from “a Sell” rating to “a Hold” rating in a research note to investors issued in late March. Meanwhile, CapitalOne had launched its coverage on NSA with “an Overweight”, in a research note produced for clients February 21, 2020. In addition, there was a downgrade from SunTrust on January 16, 2020. The rater changed NSA from “a Hold” to “a Sell”.
Is National Storage Affiliates Trust [NYSE:NSA] a Good Buy Right Now?
It should be noted that NSA technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 64% Buy in the past month. Data from National Storage Affiliates Trust’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.39 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.41 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.47 million shares.
NSA Price Performance
On Wall Street, National Storage Affiliates Trust [NYSE:NSA] finished Thursday’s session up 3.65% at $35.53. The stock went up to $35.53 at the same session while its lowest single day price was $33.81. In the last five days, it saw a rise of about 0.40%, National Storage Affiliates Trust shares dropped by almost -1.39% since the beginning of the year. However, the share price has dropped to as low as -7.03% below its one year high. On 01/04/21, the company shares recorded $36.45, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $33.79. The company’s shares have inclined by 3.50% in the past year. The 50-day SMA achieved is $34.75 while the 200-day SMA is $31.72. Volume dropped to 0.52 million from 0.56 million in the previous session.
National Storage Affiliates Trust [NSA] Valuation Measures
Notably, National Storage Affiliates Trust [NSA] stock cannot be classified as a good candidate in the listing of underestimated low-priced REIT – Industrial companies to purchase soonest possible with the prevailing 12-month PE ratio of 75.60. The measure means the stock is exchanging at a premium as compared to the 19.03x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 5.77 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 7.40 which means NSA serve an unattractive investment opportunity compared to its competitors.
NSA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 34.38 level, and in case of violation of this particular level, it will cause more drop to 33.24 level. On the upper level, 36.68 is still the key resistance. The stock may increase to the subsequent resistance at 36.10. The Relative Strength Index (RSI) pinned on the 14-day chart is 54.88, implying a neutral technical stance while the MACD stands at -0.55, meaning price will decrease in the next trading period. Percent R indicator moved to 34.58%, implying low price movement. Stochastic %K at 33.18% suggest selling the stock.
What is the short interest in National Storage Affiliates Trust?
Short interest in the National Storage Affiliates Trust stock has surged, increasing by 0.13 million shares to total 4.82 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.95 million, data from Yahoo Finance shows. The decrease of -2.7% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 10.65% of the overall float for the stock.
National Storage Affiliates Trust’s Biggest Shareholders: Who Owns National Storage Affiliates Trust [NSA]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 9,450,054 shares or roughly 13.66% of the outstanding NSA shares. This means their shares have reduced by -231,794 from the 9,450,054 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $305,144,308. Details in the latest 13F filings reveal that Wasatch Advisors, Inc. acquired their 2.12% stake valued at $128,428,463 while SSgA Funds Management, Inc. cut theirs at $106,745,859. During the last quarter, Wasatch Advisors, Inc. raised 78,527 of its shares in National Storage Affiliates Trust while SSgA Funds Management, Inc. sold -170,559 shares. The AllianceBernstein LP’s holdings currently number 1,794,024 shares at $63741672.72. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 1,480,202 shares, roughly $50,297,264.
NSA Earnings Forecast For The Current Quarter
National Storage Affiliates Trust [NSA] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $111.5M and an earnings per share of $0.17 for Dec 2020. Looking further ahead, the company is expected to report revenue of $113.4M at an EPS of $0.16 for Mar 2021. The estimates represent upside of 8.60% and 21.25% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
NSA Earnings Estimates For The Current Year
For the financial year, National Storage Affiliates Trust [NYSE:NSA] is expected to bring in revenue of $429.01M. The returns are nearly $41.11 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.67, higher than that of FY19 by $0.82. Estimates put this year’s earnings growth at 546.70%, 22.40% for the next, and at an annual 11.00% over the next 5-year period. As for sales, forecasts are for an increase of 10.60% in the current fiscal year and a further 8.60% over the following year.