Overview
National Storage Affiliates Trust, based in the United States, operates as a real estate investment trust (REIT) within the self-storage sector. The company focuses on the acquisition, ownership, and operation of self-storage facilities across multiple states. Through its unique PRO (Participating Regional Operators) structure, the company amalgamates the expertise of leading regional self-storage operators, enhancing operational efficiencies and leveraging local market knowledge. National Storage Affiliates Trust actively engages in strategic growth projects, involving both the acquisition of existing storage facilities and the development of new properties, to expand its national footprint and enhance shareholder value. This approach allows the company to sustain its competitive edge in the dynamic real estate market.
Basic Stats
The share price of National Storage Affiliates Trust as of September 5, 2025 is $33.30 / share. This is an increase of 3.32% from the prior week. The market cap (or net worth) of National Storage Affiliates Trust as of September 5, 2025 is $2,548.58 MM.
The Factor Analysis chart (below right) shows a view of National Storage Affiliates Trust from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 2,548.58 MM |
| EV | 6,905.24 MM |
| Shares Out. | 76.53 MM |
| Earnings Date | |
| EPS (TTM) | 0.89 |
| Dividend Yield | 6.85 % |
| Ex-Dividend Date | 2025-09-15 |
| Borrow Rate | 0.25 |
| Short Shares Avail. | 0.75 MM |
| Short Interest | 4.72 MM |
| Short Float | 6.69 % |
| Days to Cover | 5.57 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -27.66 % |
| Volatility (1 yr) | 0.28 |
| Beta | 0.72 |
| Sharpe Ratio (1 yr) | -1.15 |
| Sortino Ratio (1 yr) | -1.73 |
| PE Ratio | 37.54 |
| Price/Book | 1.56 |
| Price/TBV | 3.85 |
| Book/Market | 0.64 |
| EBIT/EV | 0.02 |
| EBIT(3yr avg)/EV | 0.03 |
| ROA | 0.01 |
| ROE | 0.04 |
| ROIC | 0.01 |
| CROIC | -0.01 |
| OCROIC | 0.07 |
| Implied Volatility | 25.41 % |
| Put/Call OI Ratio | 0.70 |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for National Storage Affiliates Trust is $35.60. The forecasts range from a low of $30.30 to a high of $45.15. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for National Storage Affiliates Trust. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-01-18 | Wolfe Research | Peer Perform | Initiate | |
| 2022-12-14 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-12-02 | Baird | Outperform | Neutral | Downgrade |
| 2022-11-08 | BMO Capital | Outperform | Market Perform | Downgrade |
| 2022-10-24 | Stifel | Buy | Maintains | |
| 2022-10-17 | UBS | Neutral | Initiate | |
| 2022-10-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-09-27 | Evercore ISI Group | Outperform | Maintains | |
| 2022-09-19 | Evercore ISI Group | Outperform | Maintains | |
| 2022-06-30 | Jefferies | Buy | Maintains | |
| 2022-06-01 | Truist Securities | Hold | Maintains | |
| 2022-05-25 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-02-25 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-12-13 | BMO Capital | Market Perform | Outperform | Upgrade |
| 2021-12-02 | Truist Securities | Hold | Maintains | |
| 2021-11-29 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-10-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-10-07 | Berenberg | Buy | Initiate | |
| 2021-09-15 | B of A Securities | Neutral | Initiate | |
| 2021-08-16 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-07-20 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-07-08 | BMO Capital | Outperform | Market Perform | Downgrade |
| 2021-05-26 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-03-31 | Wells Fargo | Overweight | Maintains | |
| 2021-03-12 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-01-08 | Evercore ISI Group | Outperform | Initiate | |
| 2020-12-10 | Morgan Stanley | Equal-Weight | Maintains | |
| 2020-11-16 | Wells Fargo | Overweight | Maintains | |
| 2020-09-22 | Wells Fargo | Overweight | Maintains | |
| 2020-09-21 | Morgan Stanley | Equal-Weight | Maintains | |
| 2020-07-08 | Morgan Stanley | Equal-Weight | Maintains | |
| 2020-06-22 | Wells Fargo | Overweight | Maintains | |
| 2020-04-28 | Morgan Stanley | Equal-Weight | Maintains | |
| 2020-04-14 | Baird | Outperform | Neutral | Downgrade |
| 2020-04-07 | Citigroup | Neutral | Maintains | |
| 2020-04-02 | Wells Fargo | Overweight | Maintains | |
| 2020-03-31 | SunTrust Robinson Humphrey | Sell | Hold | Upgrade |
| 2020-03-24 | Stifel | Buy | Maintains | |
| 2020-01-16 | SunTrust Robinson Humphrey | Hold | Sell | Downgrade |
| 2019-09-16 | Morgan Stanley | Equal-Weight | Maintains | |
| 2019-08-21 | Wells Fargo | Outperform | Maintains | |
| 2019-08-20 | Stifel | Buy | Initiate | |
| 2018-10-05 | Citigroup | Neutral | Neutral | Maintains |
| 2018-10-04 | Jefferies | Hold | Buy | Upgrade |
| 2018-07-17 | Jefferies | Buy | Hold | Downgrade |
| 2018-07-12 | SunTrust Robinson Humphrey | Hold | Hold | Maintains |
| 2018-06-14 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-06 | BMO Capital | Market Perform | Initiate | |
| 2018-02-27 | B. Riley FBR | Neutral | Maintains | |
| 2018-02-13 | Citigroup | Neutral | Initiate | |
| 2017-12-19 | Wells Fargo | Market Perform | Outperform | Upgrade |
| 2017-08-18 | Jefferies | Buy | Maintains | |
| 2016-09-21 | Jefferies | Hold | Buy | Upgrade |
| 2016-08-10 | Jefferies | Hold | Maintains | |
| 2016-06-24 | DA Davidson | Buy | Initiate | |
| 2016-06-23 | FBR Capital | Market Perform | Initiate | |
| 2016-05-31 | Jefferies | Hold | Maintains | |
| 2016-04-07 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2016-04-05 | Jefferies | Buy | Hold | Downgrade |
| 2016-03-30 | Baird | Outperform | Initiate | |
| 2015-05-22 | KeyBanc | Sector Weight | Initiate | |
| 2015-05-18 | Morgan Stanley | Overweight | Initiate | |
| 2015-05-18 | Jefferies | Buy | Initiate | |
| 2023-04-13 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| 2023-05-08 | B of A Securities | Neutral | Underperform | Downgrade |
| 2023-06-12 | Evercore ISI Group | Outperform | In-Line | Downgrade |
| 2023-06-15 | Wells Fargo | Underweight | Initiate | |
| 2023-07-07 | Morgan Stanley | Equal-Weight | Equal-Weight | Reiterate |
| 2023-08-29 | Truist Securities | Hold | Hold | Maintains |
| 2023-12-11 | Evercore ISI Group | In-Line | Underperform | Downgrade |
| 2023-08-09 | Wells Fargo | Underweight | Underweight | Maintains |
| 2023-08-24 | Citigroup | Neutral | Neutral | Maintains |
| 2023-10-24 | Wells Fargo | Underweight | Underweight | Maintains |
| 2023-09-21 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2023-08-08 | Stifel | Buy | Hold | Downgrade |
| 2023-12-12 | Wells Fargo | Underweight | Underweight | Maintains |
| 2024-03-27 | Barclays | Equal-Weight | Initiate | |
| 2023-12-28 | Truist Securities | Hold | Hold | Maintains |
| 2024-01-05 | Keybanc | Sector Weight | Overweight | Upgrade |
| 2024-07-15 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2024-07-26 | Wells Fargo | Underweight | Underweight | Maintains |
| 2024-08-30 | Citigroup | Neutral | Neutral | Maintains |
| 2025-07-23 | Wells Fargo | Underweight | Underweight | Maintains |
| 2024-08-06 | Baird | Neutral | Neutral | Maintains |
| 2024-08-28 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2024-10-21 | Wells Fargo | Underweight | Underweight | Maintains |
| 2024-08-16 | Truist Securities | Hold | Hold | Maintains |
| 2024-09-16 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2024-08-22 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-11-06 | Baird | Neutral | Neutral | Maintains |
| 2025-03-13 | Baird | Neutral | Neutral | Maintains |
| 2025-04-09 | Mizuho | Neutral | Initiate | |
| 2025-01-10 | Deutsche Bank | Sell | Hold | Upgrade |
| 2024-09-09 | Keybanc | Overweight | Sector Weight | Downgrade |
| 2025-02-21 | Wells Fargo | Underweight | Underweight | Maintains |
| 2024-10-28 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-09-18 | Jefferies | Buy | Buy | Maintains |
| 2025-01-13 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-08-08 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-12 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-05-19 | Truist Securities | Hold | Hold | Maintains |
| 2025-08-12 | Baird | Neutral | Neutral | Maintains |
| 2025-08-25 | Truist Securities | Hold | Hold | Maintains |
