National Storage Affiliates Trust (NYSE:NSA) Upgraded by Deutsche Bank Aktiengesellschaft to Hold Rating

Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a report issued on Friday morning, Marketbeat reports. They currently have $38.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $40.00.

Other analysts have also recently issued research reports about the stock. Evercore ISI raised their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. 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. Finally, Barclays upped their price target on 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.56.

National Storage Affiliates Trust Trading Down 1.0 %

NSA opened at $36.57 on Friday. The business’s 50-day simple moving average is $41.30 and its 200-day simple moving average is $43.31. The company has a market cap of $2.79 billion, a P/E ratio of 21.39 and a beta of 1.03. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

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 the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same period in the previous year, the company posted $0.67 earnings per share. National Storage Affiliates Trust’s revenue was down 20.2% compared to the same quarter last year. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

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

Hedge Funds Weigh In On National Storage Affiliates Trust

Several large investors have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the third quarter valued at $29,000. Versant Capital Management Inc boosted its position in shares of National Storage Affiliates Trust by 233.6% during 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. Bellevue Asset Management LLC bought a new stake in National Storage Affiliates Trust during the third quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $33,000. 99.97% of the stock is currently owned by 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.