National Storage Affiliates Trust (NYSE:NSA) Stock Price Expected to Rise, Robert W. Baird Analyst Says

National Storage Affiliates Trust (NYSE:NSA) had its price objective upped by Robert W. Baird from $39.00 to $42.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on NSA. Citigroup upped their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Evercore ISI increased their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Barclays upped their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $43.68 on Wednesday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 25.54 and a beta of 0.99. National Storage Affiliates Trust has a one year low of $29.55 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $45.45 and a 200-day moving average price of $42.25.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.56 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 5.13%. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. D. Scott Neal Inc. increased its position in shares of National Storage Affiliates Trust by 20.3% in the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after acquiring an additional 46,848 shares during the period. BNP Paribas Financial Markets increased its holdings in National Storage Affiliates Trust by 86.2% during the 1st quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock valued at $3,350,000 after purchasing an additional 39,609 shares during the period. Cetera Investment Advisers raised its position in National Storage Affiliates Trust by 371.6% during the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after purchasing an additional 66,082 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after buying an additional 90,925 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $1,553,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.