The stock price of National Storage Affiliates Trust (NYSE: NSA) has surged by 0.21 when compared to previous closing price of 37.47, but the company has seen a 0.51% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-26 that National Storage Affiliates is trading below its historical valuations, presenting a potential opportunity for investors. NSA has a strategy of owning properties in secondary markets with above-average population growth, positioning it for long-term growth. Despite a slowdown in operating metrics, NSA has achieved strong growth in revenue and NOI over the past five years and has potential for a rebound in performance.
Is It Worth Investing in National Storage Affiliates Trust (NYSE: NSA) Right Now?
National Storage Affiliates Trust (NYSE: NSA) has a price-to-earnings ratio that is above its average at 25.06x. The stock has a 36-month beta value of 0.87. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NSA is 73.26M, and at present, short sellers hold a 6.37% of that float. On April 12, 2024, the average trading volume of NSA was 847.75K shares.
NSA’s Market Performance
NSA stock saw a decrease of 0.51% in the past week, with a monthly decline of -2.03% and a quarterly a decrease of -4.60%. The volatility ratio for the week is 2.85%, and the volatility levels for the last 30 days are 2.50% for National Storage Affiliates Trust (NSA). The simple moving average for the last 20 days is -0.24% for NSA stock, with a simple moving average of 7.08% for the last 200 days.
Analysts’ Opinion of NSA
Many brokerage firms have already submitted their reports for NSA stocks, with Barclays repeating the rating for NSA by listing it as a “Equal Weight.” The predicted price for NSA in the upcoming period, according to Barclays is $39 based on the research report published on March 27, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see NSA reach a price target of $33. The rating they have provided for NSA stocks is “Sell” according to the report published on January 30th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to NSA, setting the target price at $45 in the report published on January 05th of the current year.
NSA Trading at 1.15% from the 50-Day Moving Average
After a stumble in the market that brought NSA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.24% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -1.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.05% lower at present.
During the last 5 trading sessions, NSA rose by +0.51%, which changed the moving average for the period of 200-days by +9.83% in comparison to the 20-day moving average, which settled at $37.61. In addition, National Storage Affiliates Trust saw -9.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NSA starting from Nordhagen Arlen Dale, who purchase 6,500 shares at the price of $36.50 back on Dec 11 ’23. After this action, Nordhagen Arlen Dale now owns 4,027,726 shares of National Storage Affiliates Trust, valued at $237,250 using the latest closing price.
Nordhagen Arlen Dale, the Vice Chairperson of National Storage Affiliates Trust, purchase 10,000 shares at $35.92 during a trade that took place back on Dec 05 ’23, which means that Nordhagen Arlen Dale is holding 4,029,626 shares at $359,200 based on the most recent closing price.
Stock Fundamentals for NSA
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.73 for the gross margin
The net margin for National Storage Affiliates Trust stands at 0.2. The total capital return value is set at 0.01. Equity return is now at value 10.20, with 2.61 for asset returns.
Based on National Storage Affiliates Trust (NSA), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 2.59. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 565.23 million with net debt to EBITDA at 6.4. When we switch over and look at the enterprise to sales, we see a ratio of 11.32. The receivables turnover for the company is 38.88for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To sum up, National Storage Affiliates Trust (NSA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
