National Storage Affiliates Trust (NYSE:NSA) Receives $43.17 Average Price Target from Analysts

National Storage Affiliates Trust (NYSE:NSA) has received a consensus rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $43.17.

A number of equities research analysts recently commented on the company. Truist Financial boosted their target price 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. Wells Fargo & Company upped their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Robert W. Baird raised 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. Jefferies Financial Group boosted their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $44.29 on Friday. National Storage Affiliates Trust has a 12 month low of $32.42 and a 12 month high of $49.44. The firm has a market capitalization of $3.38 billion, a P/E ratio of 25.68 and a beta of 0.99. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The business has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $42.68.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.15%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust in the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust in the second quarter valued at approximately $39,000. Finally, Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the third quarter worth $39,000. Institutional investors and hedge funds 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.