National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $54.00 at Morgan Stanley

National Storage Affiliates Trust (NYSE:NSA) had its price objective lifted by Morgan Stanley from $52.00 to $54.00 in a research report sent to investors on Wednesday morning, PriceTargets.com reports. Morgan Stanley currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Citigroup raised their price target on National Storage Affiliates Trust from $48.50 to $55.00 and gave the company a neutral rating in a report on Thursday, July 1st. Robert W. Baird initiated coverage on shares of National Storage Affiliates Trust in a research report on Friday, July 2nd. They set a buy rating and a $54.00 target price for the company. Truist boosted their price target on shares of National Storage Affiliates Trust from $48.00 to $57.00 and gave the stock a hold rating in a research note on Monday, August 30th. Zacks Investment Research raised National Storage Affiliates Trust from a hold rating to a buy rating and set a $62.00 price target for the company in a research note on Wednesday, August 25th. Finally, Berenberg Bank initiated coverage on National Storage Affiliates Trust in a research note on Thursday, October 7th. They issued a buy rating and a $61.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $55.18.

NYSE NSA opened at $57.76 on Wednesday. National Storage Affiliates Trust has a 52 week low of $32.51 and a 52 week high of $59.34. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $5.12 billion, a P/E ratio of 75.01 and a beta of 0.37. The stock’s 50-day moving average price is $55.87 and its 200-day moving average price is $50.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). National Storage Affiliates Trust had a net margin of 16.73% and a return on equity of 6.25%. Research analysts anticipate that National Storage Affiliates Trust will post 2.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th were issued a $0.41 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, September 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.84%. National Storage Affiliates Trust’s payout ratio is 95.91%.

A number of institutional investors and hedge funds have recently modified their holdings of NSA. Louisiana State Employees Retirement System boosted its stake in National Storage Affiliates Trust by 16.2% during the third quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the real estate investment trust’s stock worth $1,098,000 after buying an additional 2,900 shares during the period. State of Alaska Department of Revenue raised its stake in shares of National Storage Affiliates Trust by 35.6% in the third quarter. State of Alaska Department of Revenue now owns 54,299 shares of the real estate investment trust’s stock valued at $2,865,000 after acquiring an additional 14,245 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of National Storage Affiliates Trust by 12.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,369,836 shares of the real estate investment trust’s stock worth $69,259,000 after acquiring an additional 156,825 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of National Storage Affiliates Trust by 58.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 1,192 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 441 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its holdings in National Storage Affiliates Trust by 145,808.3% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 35,018 shares of the real estate investment trust’s stock valued at $1,771,000 after purchasing an additional 34,994 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

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

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