National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $54.00 at Jefferies Financial Group

National Storage Affiliates Trust (NYSE:NSA) had its price target increased by Jefferies Financial Group from $47.00 to $54.00 in a report published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

NSA has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a research note on Friday, July 26th. Citigroup raised their price objective on 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. Truist Financial upped their target price on shares of 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. Barclays increased their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an equal weight rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird boosted their price objective 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of Hold and an average price target of $42.50.

National Storage Affiliates Trust Stock Up 0.9 %

Shares of National Storage Affiliates Trust stock opened at $48.57 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $49.25. The company has a market cap of $3.64 billion, a P/E ratio of 25.43 and a beta of 0.98. The company’s fifty day simple moving average is $44.92 and its two-hundred day simple moving average is $40.45.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter in the prior year, the firm earned $0.68 EPS. National Storage Affiliates Trust’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts anticipate that National Storage Affiliates Trust will post 2.39 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company 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. This represents a $2.24 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NSA. Wasatch Advisors LP increased its position in shares of National Storage Affiliates Trust by 20.3% during the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock valued at $257,025,000 after acquiring an additional 1,108,176 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of National Storage Affiliates Trust by 69.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after purchasing an additional 950,171 shares in the last quarter. Norges Bank bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth $36,567,000. Swedbank AB purchased a new position in shares of National Storage Affiliates Trust in the first quarter worth $16,056,000. Finally, Long Pond Capital LP bought a new position in shares of National Storage Affiliates Trust during the second quarter valued at $16,198,000. 99.97% of the stock is owned by hedge funds and other 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.