National Storage Affiliates Trust (NYSE:NSA) Receives Average Recommendation of “Reduce” from Brokerages

National Storage Affiliates Trust (NYSE:NSA) has received an average rating of “Reduce” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $39.75.

A number of analysts recently commented on the stock. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Monday, May 19th. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target on the stock. Barclays cut 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 report on Wednesday, March 12th. Robert W. Baird cut 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, Morgan Stanley lowered shares of National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a report on Tuesday, May 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC lifted its position in shares of National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 616 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $795,000. Charles Schwab Investment Management Inc. boosted its position in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after acquiring an additional 23,366 shares during the period. Sei Investments Co. boosted its position in shares of National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust’s stock valued at $14,943,000 after acquiring an additional 29,063 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in National Storage Affiliates Trust by 9.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after purchasing an additional 7,655 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NSA opened at $33.72 on Thursday. The company has a market capitalization of $2.58 billion, a P/E ratio of 19.72 and a beta of 1.14. The company has a 50-day moving average of $35.28 and a 200-day moving average of $37.54. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 386.44%.

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.