National Storage Affiliates Trust (NYSE:NSA) Sets New 52-Week Low – Should You Sell?

National Storage Affiliates Trust (NYSE:NSA)’s stock price hit a new 52-week low on Monday . The company traded as low as $32.66 and last traded at $32.71, with a volume of 89235 shares changing hands. The stock had previously closed at $35.16.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NSA shares. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Robert W. Baird dropped their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus target price of $42.06.

National Storage Affiliates Trust Stock Performance

The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 19.48 and a beta of 1.04. The firm’s 50-day moving average price is $37.93 and its 200 day moving average price is $40.63.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data 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 firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 200.00%.

Insider Activity

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several large investors have recently bought and sold shares of NSA. Balyasny Asset Management L.P. acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $51,081,000. Norges Bank bought a new position in National Storage Affiliates Trust during the fourth quarter worth about $26,737,000. Wasatch Advisors LP lifted its holdings in National Storage Affiliates Trust by 8.2% during the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock worth $253,208,000 after acquiring an additional 506,398 shares in the last quarter. Raymond James Financial Inc. acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at about $13,354,000. Finally, TimesSquare Capital Management LLC increased its holdings in shares of National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after acquiring an additional 315,474 shares in the last quarter. Institutional investors own 99.97% 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 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.