Barclays Raises National Storage Affiliates Trust (NYSE:NSA) Price Target to $46.00

National Storage Affiliates Trust (NYSE:NSA) had its target price raised by Barclays from $45.00 to $46.00 in a report released on Monday, Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

NSA has been the topic of a number of other research reports. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Jefferies Financial Group increased their price objective on 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. Truist Financial boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Finally, Robert W. Baird boosted their price objective on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and an average target price of $42.83.

National Storage Affiliates Trust Trading Down 0.1 %

Shares of NSA stock opened at $42.44 on Monday. The stock has a market cap of $3.18 billion, a P/E ratio of 23.73 and a beta of 0.98. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a fifty-two week low of $27.96 and a fifty-two week high of $49.44. The business has a fifty day simple moving average of $45.93 and a 200-day simple moving average of $41.90.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. On average, analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.28%. National Storage Affiliates Trust’s payout ratio is 125.14%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust in the second quarter valued at $39,000. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the third quarter valued at about $39,000. Rothschild Investment LLC acquired a new stake in National Storage Affiliates Trust during the second quarter worth about $59,000. Finally, GAMMA Investing LLC raised its holdings in shares of National Storage Affiliates Trust by 174.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 927 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.