National Storage Affiliates Trust (NYSE:NSA) Receives $42.94 Average Price Target from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given an average recommendation of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.56.

NSA has been the subject of several recent research reports. Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Barclays boosted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Friday. Finally, Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors have recently modified their holdings of NSA. Natixis Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 18.2% in the 2nd quarter. Natixis Advisors LLC now owns 72,067 shares of the real estate investment trust’s stock worth $2,971,000 after buying an additional 11,082 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 419.2% in the second quarter. Los Angeles Capital Management LLC now owns 48,795 shares of the real estate investment trust’s stock valued at $2,011,000 after purchasing an additional 39,397 shares in the last quarter. Quest Partners LLC grew its position in shares of National Storage Affiliates Trust by 179.9% in the second quarter. Quest Partners LLC now owns 17,242 shares of the real estate investment trust’s stock valued at $711,000 after purchasing an additional 11,083 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $39,000. Finally, Choreo LLC increased its stake in shares of National Storage Affiliates Trust by 27.1% during the 2nd quarter. Choreo LLC now owns 13,092 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 2,794 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 1.0 %

Shares of National Storage Affiliates Trust stock opened at $36.57 on Monday. 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 company has a market capitalization of $2.79 billion, a P/E ratio of 21.39 and a beta of 1.03. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The company’s fifty day moving average is $41.30 and its two-hundred day moving average is $43.28.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same period in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was down 20.2% on a year-over-year basis. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a yield of 6.23%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 133.33%.

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.