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

Shares of National Storage Affiliates Trust (NYSE:NSAGet Free Report) have been assigned a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $42.56.

Several brokerages have issued reports on NSA. Robert W. Baird raised their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Barclays lowered their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th.

Check Out Our Latest Research Report on NSA

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $38.10 on Tuesday. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a 50-day moving average price of $37.43 and a 200-day moving average price of $42.15. The firm has a market capitalization of $2.90 billion, a PE ratio of 22.28 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.99%. National Storage Affiliates Trust’s dividend payout ratio is currently 133.33%.

Institutional Trading of National Storage Affiliates Trust

Hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the 3rd quarter valued at $29,000. Versant Capital Management Inc boosted its position in 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 acquiring an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $28,000. Finally, Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth $39,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

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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.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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