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

National Storage Affiliates Trust (NYSE:NSA) has earned a consensus recommendation of “Reduce” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $42.72.

A number of brokerages recently weighed in on NSA. Barclays upped their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Citigroup upped their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Jefferies Financial Group raised their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

National Storage Affiliates Trust Stock Down 0.2 %

Shares of NYSE:NSA opened at $42.97 on Wednesday. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two 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 2.28. The firm’s 50-day simple moving average is $45.94 and its 200-day simple moving average is $41.73. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 22.50 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $186.37 million. During the same period in the prior year, the firm posted $0.68 EPS. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.21%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently made changes to their positions in the stock. Pasadena Private Wealth LLC lifted its holdings in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 255 shares in the last quarter. SPC Financial Inc. lifted its stake in shares of National Storage Affiliates Trust by 4.8% during the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 300 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of National Storage Affiliates Trust by 1.5% during the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after buying an additional 339 shares during the period. Crossmark Global Holdings Inc. boosted its position in National Storage Affiliates Trust by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 354 shares during the last quarter. Finally, Peak Financial Advisors LLC grew its stake in National Storage Affiliates Trust by 2.9% in the 2nd quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 360 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.