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

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the nine ratings firms 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 issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $43.56.

Several research firms have recently commented on NSA. Wells Fargo & Company upped their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Jefferies Financial Group raised 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a report on Friday. Finally, Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th.

Hedge Funds Weigh In On National Storage Affiliates Trust

Institutional investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust during the third quarter valued at $25,000. Versant Capital Management Inc increased 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 acquiring an additional 514 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth approximately $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $36.57 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The company has a fifty day moving average price of $41.30 and a two-hundred day moving average price of $43.31. The company has a market cap of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. Research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

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.