National Storage Affiliates Trust (NYSE:NSA) Receives $42.56 Average PT from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus recommendation of “Reduce” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $42.56.

NSA has been the topic of a number of research reports. 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 research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays cut their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $38.54 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.94 billion, a P/E ratio of 22.54 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $34.58 and a fifty-two week high of $49.44. The firm’s 50 day moving average is $37.44 and its two-hundred day moving average is $41.99.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.92%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $25,000. Versant Capital Management Inc grew its holdings in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in National Storage Affiliates Trust during the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $29,000. Finally, Quarry LP grew its holdings in National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

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.