National Storage Affiliates Trust (NYSE:NSA) Receives $41.28 Average Target Price from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have been given an average recommendation of "Reduce" by the ten research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.28.

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Mizuho started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays decreased their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.70% of the company's stock.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $28,000. Quarry LP increased its holdings in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 756 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $50,000. Finally, Parallel Advisors LLC raised its position in shares of National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 598 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 3.4 %

NYSE NSA traded up $1.20 during mid-day trading on Wednesday, reaching $36.74. The stock had a trading volume of 510,713 shares, compared to its average volume of 655,970. The company has a fifty day moving average price of $37.25 and a 200 day moving average price of $39.58. 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 has a 1 year low of $30.88 and a 1 year high of $49.44. The stock has a market cap of $2.81 billion, a PE ratio of 21.48 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million for 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%. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 6.21%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

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.