National Storage Affiliates Trust (NYSE:NSA) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have earned a consensus recommendation of "Reduce" from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $43.17.

NSA has been the topic of a number of analyst reports. Citigroup upped their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a "neutral" rating in a research report on Friday, August 30th. Barclays raised their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. KeyCorp cut shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Wells Fargo & Company increased their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Finally, Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On National Storage Affiliates Trust

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust's stock worth $103,665,000 after purchasing an additional 90,925 shares during the period. Caxton Associates LP bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $1,553,000. Center Lake Capital Management LLC acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $2,885,000. Edgestream Partners L.P. raised its holdings in shares of National Storage Affiliates Trust by 32.3% in the 2nd quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust's stock valued at $3,819,000 after purchasing an additional 22,639 shares during the period. Finally, Sei Investments Co. lifted its stake in National Storage Affiliates Trust by 9.1% in the 2nd quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust's stock valued at $16,034,000 after purchasing an additional 32,544 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Up 0.1 %

NYSE:NSA traded up $0.06 during trading hours on Thursday, reaching $42.29. The company's stock had a trading volume of 461,945 shares, compared to its average volume of 702,975. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 24.73 and a beta of 1.01. The business's 50-day moving average is $43.64 and its 200-day moving average is $43.42. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data 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 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%. National Storage Affiliates Trust's revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 133.33%.

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.