Analysts Set National Storage Affiliates Trust (NYSE:NSA) PT at $41.28

National Storage Affiliates Trust (NYSE:NSA) has received an average recommendation of “Reduce” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.28.

A number of research firms recently weighed in on NSA. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays lowered their price target 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 objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price objective on 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.

National Storage Affiliates Trust Stock Up 3.4 %

NSA opened at $36.74 on Wednesday. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a 50-day simple moving average of $37.25 and a two-hundred day simple moving average of $39.58. The company has a market capitalization of $2.81 billion, a PE ratio of 21.48 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.21%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.70% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of NSA. Geode Capital Management LLC increased its stake in National Storage Affiliates Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock worth $64,277,000 after buying an additional 4,897 shares during the period. Franklin Resources Inc. increased its position in shares of National Storage Affiliates Trust by 48.1% during the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust’s stock worth $5,769,000 after acquiring an additional 42,241 shares during the period. JPMorgan Chase & Co. raised its stake in shares of National Storage Affiliates Trust by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock valued at $15,389,000 after acquiring an additional 42,508 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in National Storage Affiliates Trust by 18.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust’s stock worth $2,080,000 after purchasing an additional 8,662 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.