National Storage Affiliates Trust (NYSE:NSA) Now Covered by Analysts at Mizuho

Mizuho initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in a report issued on Wednesday,Benzinga reports. The brokerage issued a neutral rating and a $35.00 price objective on the real estate investment trust's stock.

Several other analysts have also issued reports on NSA. Barclays reduced their price target 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. Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Robert W. Baird lowered their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.28.

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National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.43 on Wednesday, reaching $34.96. 138,053 shares of the company's stock were exchanged, compared to its average volume of 656,097. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The company has a fifty day moving average of $37.42 and a 200-day moving average of $39.97. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.44 and a beta of 1.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates 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 predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced 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 6.52%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company's stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its stake in National Storage Affiliates Trust by 19.7% in the third quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust's stock valued at $317,000 after buying an additional 1,082 shares during the period. Geode Capital Management LLC lifted its position in shares of National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock valued at $64,277,000 after acquiring an additional 4,897 shares during the period. Franklin Resources Inc. boosted its stake in National Storage Affiliates Trust by 48.1% during the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after acquiring an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after purchasing an additional 42,508 shares during the period. Finally, Versant Capital Management Inc increased its stake 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 purchasing an additional 514 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

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.