National Storage Affiliates Trust (NYSE:NSA) Receives $38.60 Average PT from Analysts

National Storage Affiliates Trust (NYSE:NSA) has received an average recommendation of “Reduce” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $38.6018.

NSA has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Truist Financial lifted their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Citigroup boosted their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Barclays increased their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds have recently added to or reduced their stakes in NSA. Balyasny Asset Management L.P. increased its holdings in shares of National Storage Affiliates Trust by 11.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,622,624 shares of the real estate investment trust’s stock valued at $73,984,000 after acquiring an additional 273,095 shares in the last quarter. Cohen & Steers Inc. grew its position in National Storage Affiliates Trust by 145.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock valued at $60,980,000 after purchasing an additional 1,281,337 shares during the last quarter. Jennison Associates LLC grew its position in National Storage Affiliates Trust by 30.6% during the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock valued at $48,096,000 after purchasing an additional 298,602 shares during the last quarter. Rush Island Management LP bought a new stake in National Storage Affiliates Trust during the 4th quarter valued at about $33,788,000. Finally, Bank of America Corp DE raised its holdings in National Storage Affiliates Trust by 159.2% in the third quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after buying an additional 714,840 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $43.41 on Tuesday. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47. The company has a market cap of $3.35 billion, a PE ratio of 57.88 and a beta of 1.03. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50-day moving average is $44.25 and its 200 day moving average is $40.04.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st were given a dividend of $0.0336 per share. The ex-dividend date of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 304.00%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.