National Storage Affiliates Trust [NYSE: NSA] price surged by 2.82 percent to reach at $1.49. The company report on July 21, 2021 that National Storage Affiliates Trust Announces Pricing of Upsized Public Offering of Common Shares.
National Storage Affiliates Trust (the “Company”) (NYSE: NSA) announced the pricing of its previously announced underwritten public offering of 8,000,000 common shares of beneficial interest of the Company at a public offering price of $51.25 per share. The offering was upsized from 8,000,000 common shares to 8,800,000 common shares for total gross proceeds of $451.0 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,320,000 common shares at the public offering price, less underwriting discounts.
The Company expects to close the offering on or about July 23, 2021, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering to repay amounts outstanding under its revolving line of credit, on which the Company expects to redraw from time to time to invest in future acquisitions of self storage properties, and for general corporate purposes.
A sum of 4771029 shares traded at recent session while its average daily volume was at 979.65K shares. National Storage Affiliates Trust shares reached a high of $54.75 and dropped to a low of $52.88 until finishing in the latest session at $54.35.
The one-year NSA stock forecast points to a potential downside of -5.53. The average equity rating for NSA stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on National Storage Affiliates Trust [NSA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NSA shares is $51.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NSA stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for National Storage Affiliates Trust shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on July 08, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on July 02, 2021, representing the official price target for National Storage Affiliates Trust stock. Previously, the target price had yet another raise from $32 to $42, while BMO Capital Markets kept a Outperform rating on NSA stock.
The Average True Range (ATR) for National Storage Affiliates Trust is set at 1.14, with the Price to Sales ratio for NSA stock in the period of the last 12 months amounting to 9.24. The Price to Book ratio for the last quarter was 4.50, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for NSA in the course of the last twelve months was 30.12.
NSA Stock Performance Analysis:
National Storage Affiliates Trust [NSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, NSA shares gained by 7.69% in over the last four-week period, additionally plugging by 50.43% over the last 6 months – not to mention a rise of 81.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NSA stock in for the last two-week period is set at 66.86, with the RSI for the last a single of trading hit 67.13, and the three-weeks RSI is set at 66.90 for National Storage Affiliates Trust [NSA]. The present Moving Average for the last 50 days of trading for this stock 49.09, while it was recorded at 53.20 for the last single week of trading, and 40.50 for the last 200 days.
Insight into National Storage Affiliates Trust Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and National Storage Affiliates Trust [NSA] shares currently have an operating margin of +37.40 and a Gross Margin at +44.32. National Storage Affiliates Trust’s Net Margin is presently recorded at +11.24.
Return on Total Capital for NSA is now 5.06, given the latest momentum, and Return on Invested Capital for the company is 1.82. Return on Equity for this stock inclined to 5.14, with Return on Assets sitting at 1.47. When it comes to the capital structure of this company, National Storage Affiliates Trust [NSA] has a Total Debt to Total Equity ratio set at 200.39. Additionally, NSA Total Debt to Total Capital is recorded at 66.71, with Total Debt to Total Assets ending up at 55.26. Long-Term Debt to Equity for the company is recorded at 257.88, with the Long-Term Debt to Total Capital now at 66.50.
Reflecting on the efficiency of the workforce at the company, National Storage Affiliates Trust [NSA] managed to generate an average of $28,839 per employee. Receivables Turnover for the company is 39.51 with a Total Asset Turnover recorded at a value of 0.13.
NSA Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for National Storage Affiliates Trust go to 11.00%.
National Storage Affiliates Trust [NSA] Insider Position Details
There are presently around $3,452 million, or 85.90% of NSA stock, in the hands of institutional investors. The top three institutional holders of NSA stocks are: BLACKROCK INC. with ownership of 12,561,856, which is approximately 10.598% of the company’s market cap and around 9.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,963,422 shares of the stock with an approximate value of $541.51 million in NSA stocks shares; and WASATCH ADVISORS INC, currently with $218.69 million in NSA stock with ownership of nearly 3.52% of the company’s market capitalization.
Positions in National Storage Affiliates Trust stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 118 institutional holders increased their position in National Storage Affiliates Trust [NYSE:NSA] by around 6,269,695 shares. Additionally, 104 investors decreased positions by around 3,380,563 shares, while 29 investors held positions by with 53,863,184 shares. The mentioned changes placed institutional holdings at 63,513,442 shares, according to the latest SEC report filing. NSA stock had 35 new institutional investments in for a total of 1,390,709 shares, while 24 institutional investors sold positions of 1,104,367 shares during the same period.