National Storage Affiliates Trust (NYSE:NSA) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned an average rating of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.06.

Several research analysts recently weighed in on NSA shares. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th.

National Storage Affiliates Trust Stock Down 0.5 %

National Storage Affiliates Trust stock opened at $38.20 on Friday. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 22.34 and a beta of 1.07. The company’s 50-day moving average price is $37.58 and its two-hundred day moving average price is $41.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. On average, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.97%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Insider Activity

In related news, Director Michael J. Schall bought 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds have recently modified their holdings of NSA. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $25,000. Versant Capital Management Inc lifted its holdings in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $28,000. Quarry LP increased its holdings in National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 756 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $50,000. 99.97% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

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.