National Storage Affiliates Trust (NYSE:NSA) Receives Average Recommendation of “Reduce” from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus rating of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.06.

Several research analysts recently issued reports on the company. Barclays lowered their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Robert W. Baird raised their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company raised 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 report on Monday, October 21st.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. Squarepoint Ops LLC purchased a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $767,000. Millennium Management LLC grew its stake in National Storage Affiliates Trust by 125.9% in the 2nd quarter. Millennium Management LLC now owns 161,829 shares of the real estate investment trust’s stock valued at $6,671,000 after purchasing an additional 90,206 shares during the period. Creative Planning increased its position in shares of National Storage Affiliates Trust by 42.5% during the 2nd quarter. Creative Planning now owns 8,251 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 2,462 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth $33,000. Finally, SG Americas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $284,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

NSA stock opened at $37.80 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44. The company has a market capitalization of $2.88 billion, a P/E ratio of 22.10 and a beta of 1.03. The company has a fifty day moving average price of $38.87 and a 200-day moving average price of $42.63.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is presently 133.33%.

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.