National Storage Affiliates Trust (NYSE:NSA) Sets New 1-Year High at $49.44

National Storage Affiliates Trust (NYSE:NSA)’s stock price hit a new 52-week high on Monday . The stock traded as high as $49.44 and last traded at $49.07, with a volume of 11013 shares changing hands. The stock had previously closed at $48.57.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NSA shares. Truist Financial lifted their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Evercore ISI upped their target price 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. Citigroup raised their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group upped their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.50.

National Storage Affiliates Trust Trading Up 0.6 %

The stock’s 50-day moving average is $44.92 and its two-hundred day moving average is $40.47. The company has a market cap of $3.66 billion, a P/E ratio of 25.43 and a beta of 0.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.39 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.59%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NSA. Pasadena Private Wealth LLC lifted its position in shares of National Storage Affiliates Trust by 0.9% during 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 buying an additional 255 shares in the last quarter. SPC Financial Inc. boosted its stake in shares of National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 300 shares during the period. Amalgamated Bank grew its position in shares of National Storage Affiliates Trust by 0.7% during the first quarter. Amalgamated Bank now owns 49,038 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 326 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in National Storage Affiliates Trust by 1.5% during the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in National Storage Affiliates Trust by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares in the last quarter. 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.