National Storage Affiliates Trust (NSA)

• Market cap: $2.98B
• 1 day: 0.10%
• 5 days: 1.99%
• 1 month: 1.22%
• 3 months: 4.39%
• 6 months: -16.72%
• Year to date: 4.39%
• 1 year: 4.66%
• 5 years: 35.89%
• 10 years: 200.31%
• Sector: Real Estate
• Industry: Diversified REIT

About: 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, RightSpace, Northwest and Move It brands.

Employees: 1,466

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

112% more call options, than puts

Call options by funds: $1.28M | Put options by funds: $602K

14% more repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 119

9% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 33

0.11% less ownership

Funds ownership: 88.99% [Q3] → 88.88% (-0.11%) [Q4]

1% less funds holding

Funds holding: 345 [Q3] → 342 (-3) [Q4]

21% less capital invested

Capital invested by funds: $3.25B [Q3] → $2.57B (-$681M) [Q4]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 3% downside
• Avg. target: $39 0% upside
• High target: $41 5% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Baird Wesley Golladay 29% 1-year accuracy 2 / 7 met price target	0% downside $39	Neutral Maintained	13 Mar 2025
Barclays Brendan Lynch 53% 1-year accuracy 16 / 30 met price target	5% upside $41	Equal-Weight Maintained	12 Mar 2025
Wells Fargo Eric Luebchow 33% 1-year accuracy 15 / 45 met price target	3% downside $38	Underweight Maintained	21 Feb 2025
Deutsche Bank Omotayo Okusanya 60% 1-year accuracy 9 / 15 met price target	3% downside $38	Hold Upgraded	10 Jan 2025