NSA's Asset Growth And Rising Interest Rates: Analyst Sets $35 Price Target Amid Secondary Market Strength
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Juan C. Sanabria reiterated a Market Perform rating on National Storage Affiliates Trust (NYSE:NSA) with a price target of $35. NSA's asset growth and rising interest rates are noted, with the company's focus on secondary markets and potential for future efficiencies highlighted. NSA's shares are currently trading lower by 0.77% to $33.71.
September 05, 2023 | 7:05 pm
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National Storage Affiliates Trust's asset growth and rising interest rates are noted, with a price target of $35 set by BMO Capital Markets.
The analyst from BMO Capital Markets has reiterated a Market Perform rating on NSA, setting a price target of $35. This suggests a neutral short-term impact on the stock. The company's focus on secondary markets and potential for future efficiencies are highlighted, which could have a positive impact in the long term. However, NSA's shares are currently trading lower.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100