National Storage Affiliates Trust (NYSE:NSA) Upgraded to "Hold" at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $38.00 target price on the real estate investment trust's stock, down from their previous target price of $40.00.

NSA has been the subject of several other reports. Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research note on Monday, October 21st. Evercore ISI boosted their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an "underperform" rating in a research note on Monday, September 16th. Robert W. Baird raised their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $43.56.

National Storage Affiliates Trust Trading Down 1.0 %

NSA stock traded down $0.37 during midday trading on Friday, reaching $36.57. 810,679 shares of the company's stock traded hands, compared to its average volume of 642,697. 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 fifty-two week low of $34.50 and a fifty-two week high of $49.44. The business has a 50-day moving average price of $41.40 and a two-hundred day moving average price of $43.32. The company has a market capitalization of $2.79 billion, a P/E ratio of 21.39 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 6.23%. National Storage Affiliates Trust's payout ratio is presently 133.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust's stock worth $122,301,000 after acquiring an additional 22,454 shares during the last quarter. FMR LLC lifted its holdings in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock worth $80,214,000 after purchasing an additional 358,449 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after purchasing an additional 4,897 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in National Storage Affiliates Trust by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock valued at $47,672,000 after purchasing an additional 43,074 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust's stock worth $20,300,000 after buying an additional 334,445 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

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.