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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been given a consensus rating of "Reduce" by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two research 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 brokerages that have issued ratings on the stock in the last year is $42.56.

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Barclays dropped 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 report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped 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 note on Friday, February 21st.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P purchased a new stake in shares of National Storage Affiliates Trust in the third quarter worth $25,000. Versant Capital Management Inc increased its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after buying an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the third quarter worth about $29,000. Finally, Quarry LP raised its stake 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 valued at $35,000 after purchasing an additional 756 shares during the period. Institutional investors own 99.97% of the company's stock.

Remove Ads

National Storage Affiliates Trust Trading Down 1.0 %

NYSE NSA traded down $0.39 during trading on Tuesday, hitting $38.61. The company had a trading volume of 1,703,542 shares, compared to its average volume of 496,467. The company's fifty day moving average is $37.41 and its 200-day moving average is $42.07. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 22.58 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share 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. Investors of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.90%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 133.33%.

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.