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

National Storage Affiliates Trust (NYSE:NSA) has earned an average recommendation of “Reduce” from the nine analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.72.

A number of brokerages have recently weighed in on NSA. Barclays raised their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Wells Fargo & Company increased their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday. Evercore ISI boosted their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group upped their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently bought and sold shares of NSA. Northwestern Mutual Wealth Management Co. purchased a new position in National Storage Affiliates Trust during the 2nd quarter worth $33,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the second quarter worth about $39,000. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $59,000. GAMMA Investing LLC raised its stake in National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 927 shares during the last quarter. Finally, Signaturefd LLC lifted its position in National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 661 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.2 %

NSA opened at $42.97 on Wednesday. The business has a fifty day moving average price of $45.94 and a 200 day moving average price of $41.73. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $49.44. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 22.50 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The company had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.21%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

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.