National Storage Affiliates Trust (NYSE:NSA) Sets New 1-Year High at $42.59

National Storage Affiliates Trust (NYSE:NSA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $42.59 and last traded at $42.28, with a volume of 87875 shares changing hands. The stock had previously closed at $42.05.

Analyst Ratings Changes

Separately, Barclays started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.44.

National Storage Affiliates Trust Stock Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $37.34 and its two-hundred day simple moving average is $37.79. The stock has a market cap of $3.17 billion, a P/E ratio of 22.12 and a beta of 0.91.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm had revenue of $196.15 million for the quarter, compared to analyst estimates of $191.70 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.49 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger acquired 18,405 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the transaction, the director now directly owns 114,155 shares in the company, valued at approximately $4,308,209.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is currently owned by insiders.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its position in National Storage Affiliates Trust by 20.3% during the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after acquiring an additional 1,108,176 shares in the last quarter. Balyasny Asset Management L.P. raised its position in National Storage Affiliates Trust by 69.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after acquiring an additional 950,171 shares in the last quarter. Norges Bank bought a new stake in National Storage Affiliates Trust during the fourth quarter worth $36,567,000. Swedbank AB bought a new stake in National Storage Affiliates Trust during the first quarter worth $16,056,000. Finally, D. Scott Neal Inc. bought a new stake in National Storage Affiliates Trust during the first quarter worth $9,020,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.