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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has received an average recommendation of "Reduce" from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research 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 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.06.

NSA has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Robert W. Baird upped their price objective on shares of 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. Barclays cut their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded down $0.10 during midday trading on Friday, reaching $37.05. 467,471 shares of the stock were exchanged, compared to its average volume of 513,570. The company's fifty day moving average is $39.36 and its 200-day moving average is $42.78. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $2.82 billion, a PE ratio of 21.67 and a beta of 1.03. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.15%. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 133.33%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the 3rd quarter valued at about $29,000. Versant Capital Management Inc increased its stake in National Storage Affiliates Trust by 233.6% during the 4th 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. Bellevue Asset Management LLC bought a new stake in National Storage Affiliates Trust during the 3rd quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $33,000. 99.97% of the stock is owned by hedge funds and other 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.