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

Group 1 - National Storage Affiliates Trust (NSA) is recognized among the 15 Dividend Stocks expected to yield over 4% in 2025 [1] - Mizuho has reduced its price target for NSA from $34 to $30 while maintaining a Neutral rating [2] - NSA's business model focuses on operating and managing strong regional brands rather than consolidating properties under a single brand, which is part of a strategy to reduce costs and enhance returns [3] Group 2 - NSA reported quarterly revenues of $188 million, reflecting a 2.54% decrease compared to the same period last year [4] - The company's same-store occupancy rate was 84.5%, down 140 basis points year-over-year [4] - NSA announced the acquisition of two self-storage properties for approximately $32 million through one of its unconsolidated real estate ventures [4] - A quarterly dividend of $0.57 per share was declared on November 13, consistent with previous dividends [4]