National Storage Affiliates Trust (NYSE:NSA) Upgraded by Mizuho to Hold Rating

Mizuho upgraded shares of National Storage Affiliates Trust (NYSE:NSA) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other research firms have also recently commented on NSA. Barclays lowered their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird reduced 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective 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, February 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $41.28.

National Storage Affiliates Trust Trading Up 6.9 %

NYSE:NSA opened at $34.75 on Tuesday. The company has a market capitalization of $2.66 billion, a PE ratio of 20.32 and a beta of 1.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The stock has a fifty day simple moving average of $37.54 and a 200-day simple moving average of $40.22.

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

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.56%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $231,240. The trade was a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $51,081,000. Norges Bank acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at $26,737,000. Wasatch Advisors LP raised its position in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after purchasing an additional 506,398 shares during the last quarter. Raymond James Financial Inc. bought a new position in National Storage Affiliates Trust in the 4th quarter valued at $13,354,000. Finally, TimesSquare Capital Management LLC raised its position in shares of National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after acquiring an additional 315,474 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.