Bank of America has revised its outlook for National Storage Affiliates Trust (NSA, Financial), lowering the price target for the company's stock from $40 to $37 while maintaining an Underperform rating. This adjustment follows a recent analytical tour in Chicago and a call with experts in the private self-storage industry.
The insights gained highlight a growing optimism about the self-storage sector, especially when compared to other Real Estate Investment Trust (REIT) sectors. Bank of America sees this as a positive development, particularly against the backdrop of current global economic uncertainties.
Despite the positive sentiment towards the self-storage industry as a whole, the bank remains cautious about NSA, reflecting this in the adjusted stock outlook. As the market contends with broader economic challenges, self-storage's relative stability could offer a strategic advantage within the REIT space.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for National Storage Affiliates Trust (NSA, Financial) is $39.25 with a high estimate of $44.50 and a low estimate of $35.00. The average target implies an upside of 10.81% from the current price of $35.42. More detailed estimate data can be found on the National Storage Affiliates Trust (NSA) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, National Storage Affiliates Trust's (NSA, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for National Storage Affiliates Trust (NSA, Financial) in one year is $52.56, suggesting a upside of 48.39% from the current price of $35.42. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the National Storage Affiliates Trust (NSA) Summary page.
