National Storage Affiliates Trust (NYSE:NSA) Sets New 1-Year Low - Time to Sell?

National Storage Affiliates Trust (NYSE:NSA - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $32.66 and last traded at $32.71, with a volume of 89235 shares trading hands. The stock had previously closed at $35.16.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NSA shares. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday. They issued a "neutral" rating and a $35.00 price objective on the stock. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays cut their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.28.

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National Storage Affiliates Trust Stock Up 2.5 %

The firm's 50-day moving average is $37.42 and its 200 day moving average is $40.02. The firm has a market capitalization of $2.64 billion, a P/E ratio of 20.16 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.61%. National Storage Affiliates Trust's dividend payout ratio is 200.00%.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $51,081,000. Norges Bank acquired a new position in National Storage Affiliates Trust during the 4th quarter valued at about $26,737,000. Wasatch Advisors LP raised its position in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after buying an additional 506,398 shares during the last quarter. Raymond James Financial Inc. purchased a new position in National Storage Affiliates Trust during the fourth quarter worth about $13,354,000. Finally, TimesSquare Capital Management LLC boosted its position in National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock worth $42,110,000 after purchasing an additional 315,474 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

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.