NASDAQ · STOCK
National Storage Affiliates Trust
$44.00
52W $27.43 – $46.47
41/100
$3.35B
57.1
1.06
Is NSA Bullish or Bearish?
Mixed.
Innellis AI committee rates National Storage Affiliates Trust (NSA) Watch with a composite score of 41/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +19.12 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -0.88 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee leans constructive but Growth Analyst flags a concern: revenue declining -1.6% yoy -- this is not a growth story right now. Conviction is limited until this resolves.
Bull & Bear Case
Bull Case
- Dividend yield of 5.1% pays you to wait — Value
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.20 across 5 articles, 14d) — News
Bear Case
- P/E of 74.3 is expensive by classic value standards — Value
- Price-to-book of 4.0x prices in significant intangible value — Value
- Debt-to-equity of 3.60 adds balance-sheet risk to the value case — Value
- Revenue declining -1.6% YoY -- this is not a growth story right now — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
41/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 100%
of 61 Real Estate peers
Value Analyst
bearish
28
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
+ Dividend yield of 5.1% pays you to wait
− P/E of 74.3 is expensive by classic value standards
Growth Analyst
bearish
25
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Revenue declining -1.6% YoY -- this is not a growth story right now
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 3.60) amplifies downside in a stress scenario
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
50
/ 100 · Moderate confidence
News flow is mixed or quiet -- no strong signal either way right now
+ News sentiment is positive (+0.20 across 5 articles, 14d)
− Negative filing: Termination of a material agreement, Delisting notice or failure to satisfy listing rule (9d ago)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 42.1 to 40.9.
- Committee agreement increased notably from 43% to 57%.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: +1 bearish signal(s); +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
36.0
Neutral
MACD Histogram
-0.232
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$41.23
Resistance
$43.95
Bollinger %B
-0.08
Below Lower Band
Price vs Moving Averages
EMA 9
$44.44
Below
EMA 21
$44.57
Below
EMA 50
$43.71
Above
EMA 200
$38.63
Above
Fundamental Analysis
Valuation
39
Growth
47
Profitability
0
Financial Health
0
Cash Flow
37
Valuation
P/E Ratio
57.1×
P/B Ratio
3.67×
PEG Ratio
1.98
Dividend Yield
0.05%
52W High
$46.47
52W Low
$27.43
Quality & Growth
ROE
7.8%
ROA
1.5%
Gross Margin
33.9%
Operating Margin
37.6%
Revenue Growth YoY
—
Debt / Equity
3.77
AI Fundamental Assessment
P/E ratio of 57.1 (rich relative to a 15-40x range); Price-to-book of 3.7x; PEG ratio of 2.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.0%; Net margin of 0.1%; Gross margin of 0.3%; Current ratio of 0.10 (tight short-term liquidity); Debt-to-equity of 3.77; Free cash flow margin of 0.9% (thin cash generation); Free cash flow per share is positive (3.85); Most recent quarter beat estimates by 5.6%; 2 consecutive earnings beats; EPS growth decelerating (+35.3% -> -30.4% QoQ); Analyst estimates falling over recent quarters
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