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

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus recommendation of “Reduce” by the nine analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.56.

Several brokerages recently weighed in on NSA. Robert W. Baird lifted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, Barclays cut their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.

Institutional Trading of National Storage Affiliates Trust

A number of 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 shares of National Storage Affiliates Trust during the 3rd quarter worth about $25,000. Versant Capital Management Inc raised its holdings in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $29,000. Finally, Quarry LP raised its holdings in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Down 0.2 %

NYSE NSA opened at $38.54 on Tuesday. National Storage Affiliates Trust has a one year low of $34.58 and a one year high of $49.44. The company has a 50-day simple moving average of $37.44 and a 200-day simple moving average of $41.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $2.94 billion, a PE ratio of 22.54 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 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 analyst estimates of $185.37 million. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.92%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

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.