National Storage Affiliates Trust (NYSE:NSA) Given Average Rating of “Reduce” by Brokerages

National Storage Affiliates Trust (NYSE:NSA) has received an average recommendation of “Reduce” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.94.

A number of equities analysts recently weighed in on NSA shares. Evercore ISI lifted their price target on National Storage Affiliates Trust from $38.00 to $40.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. Citigroup raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in National Storage Affiliates Trust by 20.3% in the 1st quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock valued at $257,025,000 after buying an additional 1,108,176 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in National Storage Affiliates Trust by 69.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock valued at $95,789,000 after acquiring an additional 950,171 shares during the period. Norges Bank acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $36,567,000. Swedbank AB bought a new position in shares of National Storage Affiliates Trust in the first quarter worth about $16,056,000. Finally, Long Pond Capital LP bought a new position in shares of National Storage Affiliates Trust in the second quarter worth about $16,198,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Up 1.0 %

Shares of National Storage Affiliates Trust stock opened at $46.47 on Tuesday. The business has a fifty day simple moving average of $43.55 and a 200-day simple moving average of $39.61. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $47.42. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 24.33 and a beta of 0.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.82%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

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.