Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Target Price at $42.06

National Storage Affiliates Trust (NYSE:NSA) has been assigned a consensus rating of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.06.

Several analysts have weighed in on NSA shares. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird reduced their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is owned by company insiders.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth about $25,000. Versant Capital Management Inc increased its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in National Storage Affiliates Trust during the fourth quarter worth approximately $28,000. Quarry LP boosted its holdings in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 1.2 %

Shares of NYSE NSA opened at $38.73 on Friday. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 22.65 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The firm has a 50-day moving average price of $37.78 and a 200 day moving average price of $41.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 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, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

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.