Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $43.17

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has received an average rating of "Reduce" from the nine research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.17.

NSA has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research report on Monday, October 21st. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research note on Monday, September 16th. Truist Financial boosted their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a "hold" rating in a research report on Friday, August 16th. Jefferies Financial Group increased their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Finally, Citigroup boosted their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a report on Friday, August 30th.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in National Storage Affiliates Trust during the first quarter valued at $113,000. Russell Investments Group Ltd. boosted its position in shares of National Storage Affiliates Trust by 27.0% during the 1st quarter. Russell Investments Group Ltd. now owns 19,461 shares of the real estate investment trust's stock valued at $762,000 after purchasing an additional 4,139 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of National Storage Affiliates Trust by 2.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 138,504 shares of the real estate investment trust's stock valued at $5,424,000 after purchasing an additional 2,800 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in National Storage Affiliates Trust during the first quarter worth approximately $257,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in National Storage Affiliates Trust by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,316 shares of the real estate investment trust's stock worth $2,049,000 after purchasing an additional 1,290 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Up 1.9 %

NYSE NSA opened at $43.13 on Friday. The business has a fifty day moving average price of $45.08 and a two-hundred day moving average price of $42.46. The stock has a market capitalization of $3.29 billion, a PE ratio of 25.22 and a beta of 0.99. National Storage Affiliates Trust has a fifty-two week low of $32.42 and a fifty-two week high of $49.44. 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 (NYSE:NSA - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business's quarterly revenue was down 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.29%. 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 is currently 130.99%.

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.