National Storage Affiliates Trust (NYSE:NSA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research note published on Saturday morning.

Other research analysts have also issued research reports about the stock. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price objective on the stock. BNP Paribas upgraded shares of National Storage Affiliates Trust to a “strong sell” rating in a research report on Tuesday, June 24th. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. UBS Group decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Finally, Truist Financial decreased their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Six research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $33.64.

National Storage Affiliates Trust Price Performance

NYSE NSA opened at $29.91 on Friday. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $49.44. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $2.30 billion, a PE ratio of 48.23 and a beta of 1.09. The company’s 50 day simple moving average is $31.18 and its 200 day simple moving average is $33.75.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The company had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the prior year, the business earned $0.21 EPS. National Storage Affiliates Trust’s revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 367.74%.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently modified their holdings of NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at $28,000. UMB Bank n.a. lifted its stake in shares of National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at $32,000. Jones Financial Companies Lllp lifted its stake in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $50,000. Institutional investors and hedge funds 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.