Analysts Set National Storage Affiliates Trust (NYSE:NSA) PT at $42.72

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus recommendation of “Reduce” from the nine analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $42.83.

NSA has been the topic of several recent research reports. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Barclays boosted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Pasadena Private Wealth LLC grew its position in National Storage Affiliates Trust by 0.9% during the second 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 during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in National Storage Affiliates Trust by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 257 shares during the last quarter. SPC Financial Inc. lifted its holdings in National Storage Affiliates Trust by 4.8% during the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 300 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in National Storage Affiliates Trust by 1.5% during the second 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 last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after buying an additional 354 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 1.3 %

Shares of National Storage Affiliates Trust stock opened at $42.48 on Wednesday. The firm has a market capitalization of $3.18 billion, a PE ratio of 23.73 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm’s 50 day moving average is $45.94 and its 200 day moving average is $41.86. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $49.44.

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 the consensus estimate of $186.37 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 5.27%. National Storage Affiliates Trust’s payout ratio is currently 125.14%.

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.