Barclays Increases National Storage Affiliates Trust (NYSE:NSA) Price Target to $46.00

National Storage Affiliates Trust (NYSE:NSA - Free Report) had its price target increased by Barclays from $45.00 to $46.00 in a research report released on Monday, Benzinga reports. They currently have an equal weight rating on the real estate investment trust's stock.

A number of other brokerages also recently issued reports on NSA. Citigroup increased their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a report on Friday, August 30th. Robert W. Baird raised their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Evercore ISI boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research report on Monday, September 16th. Truist Financial upped their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their target price on 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.83.

National Storage Affiliates Trust Stock Up 0.4 %

NSA stock traded up $0.17 during mid-day trading on Monday, reaching $43.02. 367,247 shares of the company traded hands, compared to its average volume of 731,431. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 24.03 and a beta of 0.98. The firm's 50 day moving average price is $45.95 and its 200 day moving average price is $41.82.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the prior year, the firm posted $0.68 EPS. The business's revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.21%. National Storage Affiliates Trust's dividend payout ratio is presently 125.14%.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust during the second quarter worth about $33,000. Ashton Thomas Private Wealth LLC purchased a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $39,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust during the third quarter worth about $39,000. Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth about $59,000. Finally, GAMMA Investing LLC lifted its position in National Storage Affiliates Trust by 174.9% in the third quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 927 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.