National Storage Affiliates Trust (NYSE:NSA) Given Average Rating of "Reduce" by Brokerages

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been assigned a consensus rating of "Reduce" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $42.94.

Several research firms recently weighed in on NSA. Barclays increased their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Wells Fargo & Company increased their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research report on Monday, October 21st. KeyCorp downgraded shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research note on Monday, September 9th. Jefferies Financial Group boosted their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Finally, Evercore ISI raised their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research note on Monday, September 16th.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in National Storage Affiliates Trust by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust's stock worth $386,000 after acquiring an additional 257 shares during the period. SPC Financial Inc. grew its holdings in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 300 shares in the last quarter. US Bancorp DE raised its stake in shares of National Storage Affiliates Trust by 13.3% during the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust's stock worth $148,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc grew its position in shares of 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 valued at $28,000 after acquiring an additional 514 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

Shares of NSA stock traded down $0.81 during midday trading on Monday, reaching $37.43. 644,196 shares of the company traded hands, compared to its average volume of 541,665. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The firm has a market cap of $2.85 billion, a PE ratio of 21.89 and a beta of 1.03. The firm's 50 day simple moving average is $41.72 and its two-hundred day simple moving average is $43.44. 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 announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business's revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.09%. National Storage Affiliates Trust's dividend 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.