Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $42.94

Shares of National Storage Affiliates Trust (NYSE:NSA) have received an average recommendation of “Reduce” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.94.

Several equities analysts have issued reports on the stock. Jefferies Financial Group boosted 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. Barclays upped their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird upped their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI upped 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.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $36.90 on Monday. The firm’s fifty day simple moving average is $41.62 and its 200-day simple moving average is $43.41. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.58 and a beta of 1.03. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.57 dividend. The ex-dividend date was Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 6.18%. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently made changes to their positions in NSA. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Versant Capital Management Inc lifted its holdings in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $33,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $39,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.