National Storage Affiliates Trust (NYSE:NSA) Receives Average Rating of "Reduce" from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have earned a consensus recommendation of "Reduce" from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.72.

NSA has been the topic of several recent analyst reports. Evercore ISI upped 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 note on Monday, September 16th. Truist Financial upped their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a research note on Friday, August 16th. Wells Fargo & Company upped 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 research report on Monday. Citigroup upped 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 research report on Friday, August 30th. Finally, Jefferies Financial Group upped their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA traded up $0.33 on Wednesday, hitting $43.32. The company's stock had a trading volume of 599,000 shares, compared to its average volume of 737,120. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.80 and a beta of 0.98. The stock has a 50 day moving average of $45.94 and a 200-day moving average of $41.73. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $49.44.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analysts' expectations of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, research analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.17%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 117.28%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the 2nd quarter valued at about $39,000. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust during the 2nd quarter valued at about $59,000. GAMMA Investing LLC increased its stake in National Storage Affiliates Trust by 174.9% during the 3rd 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 period. Finally, Signaturefd LLC increased its stake in National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 661 shares during the period. 99.97% of the stock is currently owned by 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.