National Storage Affiliates Trust Becomes Oversold (NSA)
National Storage Affiliates Trust Performance: Shares of National Storage Affiliates Trust (NSA) have entered oversold territory with an RSI reading of 28.6, indicating potential buying opportunities as recent heavy selling may be exhausting.
52 Week Range Analysis: NSA's stock has a 52-week low of $32.59 and a high of $49.44, with the last trade recorded at $32.75.
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Wall Street Analysts Adjust Ratings on Key Stocks
- Solventum Upgrade: Keybanc analyst Brett Fishbin upgraded Solventum Corp (NYSE:SOLV) from Sector Weight to Overweight with a price target of $97, indicating confidence in its growth potential, closing at $78.91 on Friday.
- National Storage Improvement: Wolfe Research analyst Keegan Carl upgraded National Storage Affiliates Trust (NYSE:NSA) from Underperform to Peer Perform, closing at $32.68 on Friday, reflecting market recognition of its operational performance.
- Meta Platforms Rating Boost: Rothschild & Co analyst James Cordwell upgraded Meta Platforms Inc (NASDAQ:META) from Neutral to Buy, raising the price target from $740 to $900, with shares closing at $658.76 on Friday, indicating optimism about its long-term growth.
- Cisco Systems Upgrade: Evercore ISI Group analyst Amit Daryanani upgraded Cisco Systems Inc (NASDAQ:CSCO) from In-Line to Outperform, increasing the price target from $80 to $100, with shares closing at $74.59 on Friday, reflecting a positive outlook on its market performance.
Mizuho Revises REIT Coverage, Reduces NSA Price Target to $30
Dividend Yield and Price Target: National Storage Affiliates Trust (NYSE:NSA) is listed among 15 dividend stocks expected to yield over 4% in 2025, but Mizuho has lowered its price target for the stock from $34 to $30 while maintaining a Neutral rating.
Business Model and Strategy: The company operates by managing strong regional brands rather than consolidating properties under one brand, and is shifting to a more focused strategy to strengthen core brands, reduce costs, and enhance returns.
Quarterly Performance: NSA reported mixed quarterly earnings with revenues of $188 million, a 2.54% decline year-over-year, and a same-store occupancy rate of 84.5%, down 140 basis points from the previous year.
Recent Developments: The company announced the acquisition of two self-storage properties for approximately $32 billion and declared a consistent quarterly dividend of $0.57 per share on November 13.
