Evercore ISI Downgrades National Storage Affiliates to Sell, Price Target at $31

Evercore ISI analyst Steve Sakwa maintained a Sell rating on National Storage Affiliates with a price target of $31.00. Sakwa, who has a 2-star analyst rating with a 50.23% success rate, has covered real estate stocks such as Rexford Industrial Realty, Boston Properties, and Macerich. A Sell rating was also given by Morgan Stanley's Ronald Kamdem, while BMO Capital maintained a Hold rating. National Storage Affiliates has a one-year high of $49.44 and a one-year low of $29.02.

Analysts have adjusted their ratings and price targets for National Storage Affiliates Trust (NSA), with varying opinions on the company's future performance. Evercore ISI analyst Steve Sakwa maintained a Sell rating with a price target of $31.00, while Morgan Stanley's Ronald Kamdem also issued a Sell rating. BMO Capital, however, maintained a Hold rating. Despite these negative ratings, NSA's stock has seen a one-year high of $49.44 and a one-year low of $29.02.

Evercore ISI's Steve Sakwa cited competitive pressures and elevated interest rates as reasons for his Sell rating. Sakwa, who has a 2-star analyst rating with a 50.23% success rate, has previously covered real estate stocks such as Rexford Industrial Realty, Boston Properties, and Macerich. Morgan Stanley's Ronald Kamdem echoed Sakwa's concerns, also citing competitive pressures and market conditions. BMO Capital, on the other hand, maintained a Hold rating, indicating a neutral stance on the company's prospects.

NSA reported its second-quarter 2025 earnings, revealing a core funds from operations (FFO) per share decline of 11% year-over-year. The company also faced declines in same store revenues and occupancy rates, which contributed to a 3.09% premarket stock price decline following the earnings release. Despite these challenges, NSA is focusing on technology and operational improvements to stabilize its performance.

NSA's guidance for 2025 includes same store revenue growth of 2% to 3%, same store operational expense growth of 3.25% to 4.25%, and same store NOI growth of negative 4.25% to 5.75%. The company anticipates core FFO per share to range from $2.17 to $2.23 for the year. CEO Dave Kramer expressed confidence in the company's long-term plan and the impact of sector cycles during the earnings call.

Analysts continue to monitor NSA's performance closely, with varying opinions on the company's future prospects. Investors should stay informed about the latest developments and consider the potential risks and opportunities associated with NSA's stock.

References:
[1] https://za.investing.com/news/analyst-ratings/archrock-stock-price-target-lowered-to-31-from-32-at-evercore-isi-93CH-3821156
[2] https://finance.yahoo.com/news/national-storage-affiliates-trust-nsa-072533509.html
[3] https://www.investing.com/news/transcripts/earnings-call-transcript-national-storage-affiliates-trust-q2-2025-sees-mixed-results-93CH-4171139