National Storage Affiliates Trust (NYSE:NSA) Upgraded to "Hold" at Mizuho

Mizuho upgraded shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) to a hold rating in a report issued on Tuesday, April 8th,Zacks.com reports.

A number of other research analysts also recently commented on the company. Robert W. Baird lowered their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.28.

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National Storage Affiliates Trust Price Performance

Shares of NSA traded up $0.39 during trading hours on Tuesday, hitting $35.61. 195,479 shares of the company were exchanged, compared to its average volume of 656,614. The firm has a fifty day simple moving average of $37.38 and a 200-day simple moving average of $39.89. The company has a market capitalization of $2.72 billion, a PE ratio of 20.82 and a beta of 1.04. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.40%. National Storage Affiliates Trust's payout ratio is presently 200.00%.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in NSA. Fisher Asset Management LLC lifted its position in shares of National Storage Affiliates Trust by 6.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after acquiring an additional 616 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at about $795,000. Charles Schwab Investment Management Inc. boosted its position in shares of National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock worth $38,381,000 after purchasing an additional 23,366 shares in the last quarter. Sei Investments Co. increased its position in National Storage Affiliates Trust by 8.0% in the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after buying an additional 7,655 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

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.