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

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average rating of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.56.

A number of brokerages have weighed in on NSA. Jefferies Financial Group increased their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Friday. Wells Fargo & Company lifted their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Barclays increased their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.

National Storage Affiliates Trust Trading Down 1.0 %

Shares of NSA stock opened at $36.57 on Monday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.39 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a 50-day moving average price of $41.30 and a 200 day moving average price of $43.28. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NSA. Natixis Advisors LLC increased its holdings in National Storage Affiliates Trust by 18.2% in the 2nd quarter. Natixis Advisors LLC now owns 72,067 shares of the real estate investment trust’s stock valued at $2,971,000 after purchasing an additional 11,082 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 419.2% in the second quarter. Los Angeles Capital Management LLC now owns 48,795 shares of the real estate investment trust’s stock worth $2,011,000 after buying an additional 39,397 shares during the period. Quest Partners LLC boosted its position in shares of National Storage Affiliates Trust by 179.9% in the second quarter. Quest Partners LLC now owns 17,242 shares of the real estate investment trust’s stock worth $711,000 after buying an additional 11,083 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $39,000. Finally, Choreo LLC raised its holdings in shares of National Storage Affiliates Trust by 27.1% during the 2nd quarter. Choreo LLC now owns 13,092 shares of the real estate investment trust’s stock valued at $528,000 after buying an additional 2,794 shares during the period. 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.