National Storage Affiliates Trust (NYSE:NSA) Stock Price Expected to Rise, Robert W. Baird Analyst Says

National Storage Affiliates Trust (NYSE:NSA - Free Report) had its price objective boosted by Robert W. Baird from $39.00 to $42.00 in a report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Truist Financial lifted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a "hold" rating in a research note on Friday, August 16th. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an "underperform" rating in a research report on Monday, September 16th. Finally, Barclays raised their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.17.

National Storage Affiliates Trust Trading Down 3.0 %

NYSE:NSA traded down $1.29 during mid-day trading on Wednesday, hitting $42.23. 403,704 shares of the stock traded hands, compared to its average volume of 725,143. National Storage Affiliates Trust has a 52 week low of $29.55 and a 52 week high of $49.44. The firm's 50 day moving average is $45.65 and its two-hundred day moving average is $42.13. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.44 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly 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 the consensus estimate of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust's revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust's payout ratio is 130.99%.

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. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust during the second quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth about $39,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $39,000. Finally, Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

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.