National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Recommendation of “Reduce” from Analysts

National Storage Affiliates Trust (NYSE:NSA) has been given an average rating of “Reduce” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.17.

Several analysts have commented on NSA shares. Citigroup raised 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. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Jefferies Financial Group increased their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird lifted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NSA. Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $39,000. Finally, Bellevue Asset Management LLC bought a new position in National Storage Affiliates Trust during the third quarter worth $39,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $43.13 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 25.22 and a beta of 0.99. National Storage Affiliates Trust has a 12-month low of $32.42 and a 12-month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a fifty day moving average of $45.08 and a 200-day moving average of $42.46.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.29%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 130.99%.

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.