Evercore ISI Increases National Storage Affiliates Trust (NYSE:NSA) Price Target to $41.00

National Storage Affiliates Trust (NYSE:NSA) had its target price boosted by Evercore ISI from $40.00 to $41.00 in a research report released on Monday morning, Benzinga reports. Evercore ISI currently has an underperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the stock. Truist Financial lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a hold rating in a research note on Friday, August 16th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a neutral rating in a research note on Tuesday, August 6th. Barclays raised their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an equal weight rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a research report on Friday, July 26th. Finally, Citigroup raised their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a neutral rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $41.45.

National Storage Affiliates Trust Trading Up 0.5 %

Shares of NYSE:NSA opened at $48.39 on Monday. The business’s 50-day moving average is $44.70 and its 200 day moving average is $40.28. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $49.25. The firm has a market capitalization of $3.63 billion, a P/E ratio of 25.34 and a beta of 0.98.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.63%. National Storage Affiliates Trust’s payout ratio is 117.28%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP grew its position in National Storage Affiliates Trust by 20.3% during the first 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 period. Thrivent Financial for Lutherans grew its position in shares of National Storage Affiliates Trust by 3.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after acquiring an additional 90,925 shares during the period. Balyasny Asset Management L.P. raised its holdings in National Storage Affiliates Trust by 69.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after purchasing an additional 950,171 shares during the period. Wellington Management Group LLP raised its holdings in National Storage Affiliates Trust by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after purchasing an additional 181,644 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in National Storage Affiliates Trust by 2.5% during the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after purchasing an additional 23,181 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.