Morgan Stanley upgraded National Storage Affiliates Trust (NSA) to Equal-Weight from Underweight on December 4, 2025. The current price stands at $29.58.
This upgrade reflects a more optimistic outlook on the company’s prospects, which may indicate improved fundamentals or enhanced confidence in its strategic direction.
National Storage Affiliates Trust operates as a real estate investment trust, focusing on the ownership, operation, and acquisition of self-storage properties across the U.S. The firm, headquartered in Greenwood Village, Colorado, employs 1,466 full-time staff and went public on April 23, 2015. It currently owns approximately 1,074 self-storage properties, encompassing about 70.2 million rentable square feet across 42 states and Puerto Rico. Additionally, it manages a portfolio of roughly 259 properties through its property management platform.
As of November 20, 2025, NSA has a market capitalization of $3.8 billion, a P/E ratio of 56.87, and an EPS of 0.88. The company has a dividend yield of 796.6%. Upcoming earnings are scheduled for August 3, 2026, with an estimated EPS of $0.28 and revenue of $185.3 million.
Analyst consensus as of December 1, 2025, includes 1 Strong Buy, 0 Buy, 11 Hold, 9 Sell, and 1 Strong Sell, with a consensus rating of Hold. This upgrade from Morgan Stanley may influence perceptions of the company's future performance in the market.