Mizuho Updates REIT Coverage, Lowers NSA Price Target to $30

National Storage Affiliates Trust (NYSE:NSA) is included among the 15 Dividend Stocks Paying 4%+ Yield in 2025.

On December 5, Mizuho lowered the firm’s price target on National Storage Affiliates Trust (NYSE:NSA) to $30 from $34 and kept a Neutral rating on the shares. The update came as part of the firm’s broader coverage of the REIT sector.

National Storage Affiliates Trust (NYSE:NSA) distinguishes itself because of its business model that involves operating and managing strong regional brands, instead of relying on the consolidation of properties under one brand. The company is switching to a more focused strategy, strengthening the core brands that would help it reduce costs and enhance its returns.

National Storage Affiliates Trust (NYSE:NSA)’s quarterly earnings were mixed, with revenues of $188 million, down 2.54% from the same period last year. The company’s same-store occupancy came in at 84.5%, down 140 basis points as compared to the prior year period. However, it announced the acquisition of two self-storage properties for about $32 billion by one of the company’s unconsolidated real estate ventures. National Storage also declared a quarterly dividend of $0.57 per share on November 13, which was consistent with the company’s previous dividend.

National Storage Affiliates Trust (NYSE:NSA) is a Colorado-based real estate investment trust company that specializes in the ownership of self-storage properties.

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