National Storage Affiliates Trust (NYSE:NSA) Given Consensus Rating of “Reduce” by Analysts

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus recommendation of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $42.06.

NSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Robert W. Baird dropped their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $25,000. Versant Capital Management Inc lifted 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 worth $28,000 after buying an additional 514 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at $28,000. Quarry LP grew its position in National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 756 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $38.20 on Friday. The business’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $41.36. 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 has a 52 week low of $34.59 and a 52 week high of $49.44. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 22.34 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.97%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

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.