NSA trades 18.6% above Wall Street's consensus target of $36.20.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NSA achieves its forward estimates and maintains a stable P/E multiple of 73.3x. This scenario reflects the blended consensus of 19 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, National Storage Affiliates Trust (NSA) has a Wall Street consensus price target of $36.20, based on estimates from 19 covering analysts. With the stock currently trading at $44.45, this represents a potential downside of -18.6%. The company has a market capitalization of $3.43B.
Analyst price targets range from a low of $32.00 to a high of $42.00, representing a 28% spread in expectations. The median target of $33.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 2 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, NSA trades at a trailing P/E of 63.5x and forward P/E of 73.3x. The forward PEG ratio of 12.81 reflects a premium valuation. Analysts expect EPS to grow -47.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $53.94, with bear and bull scenarios of $33.98 and $71.07 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
PSAPublic Storage | $55.8B | $318.12 | $313.30 | -1.5% | Hold | 31.6x | 36 |
EXRExtra Space Storage Inc. | $30.7B | $145.33 | $153.00 | +5.3% | Hold | 31.3x | 28 |
CUBECubeSmart | $9.3B | $40.62 | $41.33 | +1.7% | Hold | 28.0x | 29 |
SSTSystem1, Inc. | $28M | $2.85 | $14.50 | +408.8% | Buy | — | 4 |
SELFGlobal Self Storage, Inc. | $58M | $5.08 | — | — | — | — | — |
NNNNNN REIT, Inc. | $8.6B | $45.00 | $46.93 | +4.3% | Hold | 22.3x | 29 |
SPGSimon Property Group, Inc. | $68.6B | $211.33 | $208.22 | -1.5% | Hold | 32.1x | 37 |
URIUnited Rentals, Inc. | $67.5B | $1076.81 | $1074.36 | -0.2% | Buy | 22.9x | 40 |
AMZNAmazon.com, Inc. | $2.6T | $244.39 | $307.77 | +25.9% | Buy | 27.8x | 94 |
UHALU-Haul Holding Company | $11.8B | $62.23 | $80.00 | +28.6% | Buy | 185.8x | 2 |
Quick answers to the most common questions about buying NSA stock.
NSA's consensus price target is $36.2, -18.6% below the current price of $44.45. The 19 analysts tracking NSA see downside risk at present valuations.
NSA has a consensus rating of "Hold" based on 19 Wall Street analysts. The rating breakdown is leaning bearish, with 2 Sell/Strong Sell ratings. The consensus 12-month price target of $36.2 implies -18.6% downside from current levels.
At a forward P/E of 73.2894x, NSA trades at a premium valuation. The consensus price target of $36.2 (-18.6% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $42 for NSA, while the most conservative target is $32. The consensus of $36.2 represents the median expectation. Our quantitative valuation model projects a bull case target of $71 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NSA is well covered by analysts, with 19 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 16 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NSA stock forecast based on 19 Wall Street analysts shows a consensus price target of $36.2, with estimates ranging from $32 (bear case) to $42 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $54, with bear/bull scenarios of $34/$71.
Our quantitative valuation model calculates NSA's fair value at $54 (base case), with a bear case of $34 and bull case of $71. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
NSA trades at a forward P/E ratio of 73.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 63.5x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on NSA, with 2 Sell ratings and a price target of $36.2 (-18.6% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NSA analyst price targets range from $32 to $42, a 28% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.2 consensus represents the middle ground. Our model's $34-$71 range provides an independent fundamental perspective.
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