National Storage Affiliates Trust (NYSE:NSA) Reaches New 52-Week High at $47.45

National Storage Affiliates Trust (NYSE:NSA)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $47.45 and last traded at $47.23, with a volume of 421234 shares traded. The stock had previously closed at $46.81.

Analyst Ratings Changes

NSA has been the topic of several research analyst reports. Barclays upped their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price objective on shares of National Storage Affiliates Trust from $38.00 to $40.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Robert W. Baird raised their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus target price of $39.94.

National Storage Affiliates Trust Stock Performance

The stock has a 50 day moving average of $43.93 and a 200 day moving average of $39.85. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 24.97 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $186.37 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue was down 11.6% on a year-over-year basis. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.70%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust in the second quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth $39,000. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust in the 2nd quarter worth about $59,000. Signaturefd LLC grew its holdings in shares of National Storage Affiliates Trust by 48.1% during the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 661 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter valued at approximately $113,000. Institutional investors own 99.97% of the company’s stock.

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.