National Storage Affiliates Trust (NYSE:NSA) Receives $36.14 Consensus PT from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned an average rating of “Reduce” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.14.

NSA has been the topic of a number of research analyst reports. StockNews.com initiated coverage on National Storage Affiliates Trust in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial cut their price target on shares of National Storage Affiliates Trust from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, August 29th. Morgan Stanley decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, September 21st. Citigroup cut their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, August 24th. Finally, Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, October 24th.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $33.53 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 6.82 and a beta of 0.77. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $44.78. The company has a 50 day moving average price of $31.44 and a 200 day moving average price of $33.82.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 205.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSA. Cambridge Investment Research Advisors Inc. grew its holdings in National Storage Affiliates Trust by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 205 shares in the last quarter. Cibc World Markets Corp boosted its position in National Storage Affiliates Trust by 1.0% during the 1st quarter. Cibc World Markets Corp now owns 27,481 shares of the real estate investment trust’s stock worth $1,148,000 after acquiring an additional 277 shares during the period. Mackenzie Financial Corp grew its stake in shares of National Storage Affiliates Trust by 2.2% in the first quarter. Mackenzie Financial Corp now owns 13,731 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 300 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of National Storage Affiliates Trust by 0.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 69,882 shares of the real estate investment trust’s stock valued at $2,524,000 after purchasing an additional 329 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in National Storage Affiliates Trust by 29.4% in the first quarter. Belpointe Asset Management LLC now owns 1,509 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

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 September 30, 2023, the Company held ownership interests in and operated 1,119 self storage properties located in 42 states and Puerto Rico with approximately 73.0 million rentable square feet.