National Storage Affiliates Trust (NYSE:NSA) Given Consensus Rating of "Reduce" by Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have earned an average rating of "Reduce" from the nine analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $42.06.

A number of brokerages have recently issued reports on NSA. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company lowered 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 report on Friday, February 21st. Barclays cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Finally, Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th.

National Storage Affiliates Trust Stock Down 2.7 %

National Storage Affiliates Trust stock traded down $1.04 during midday trading on Friday, reaching $37.71. The stock had a trading volume of 718,974 shares, compared to its average volume of 625,330. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. The firm's fifty day simple moving average is $37.63 and its 200-day simple moving average is $41.23. The stock has a market capitalization of $2.88 billion, a P/E ratio of 22.05 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

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National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data 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 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%. As a group, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given 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 yield of 6.05%. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.00% of the company's stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently added to or reduced their stakes in the business. SPC Financial Inc. raised its stake in shares of National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock valued at $258,000 after acquiring an additional 300 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in National Storage Affiliates Trust by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 398 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after buying an additional 412 shares during the period. Arizona State Retirement System grew its position in shares of National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock valued at $794,000 after buying an additional 437 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in shares of National Storage Affiliates Trust by 3.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 475 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

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.