National Storage Affiliates Trust (NYSE:NSA) Given Average Recommendation of “Reduce” by Analysts

National Storage Affiliates Trust (NYSE:NSA) has been given an average rating of “Reduce” by the nine brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.00.

Several research analysts have weighed in on NSA shares. Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underperform” rating in a research report on Monday.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Chad Leroy Meisinger purchased 18,405 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the acquisition, the director now directly owns 114,155 shares in the company, valued at approximately $4,308,209.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in National Storage Affiliates Trust by 2.1% in the fourth quarter. Handelsbanken Fonder AB now owns 14,816 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 300 shares during the last quarter. Amalgamated Bank boosted its stake in shares of National Storage Affiliates Trust by 0.7% during the 1st quarter. Amalgamated Bank now owns 49,038 shares of the real estate investment trust’s stock worth $1,920,000 after acquiring an additional 326 shares in the last quarter. Peak Financial Advisors LLC boosted its position in National Storage Affiliates Trust by 2.9% during the second quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 360 shares in the last quarter. Advisory Alpha LLC grew its stake in National Storage Affiliates Trust by 0.5% in the 4th quarter. Advisory Alpha LLC now owns 72,569 shares of the real estate investment trust’s stock valued at $3,009,000 after acquiring an additional 369 shares during the period. Finally, Gilman Hill Asset Management LLC increased its stake in shares of National Storage Affiliates Trust by 3.7% during the second quarter. Gilman Hill Asset Management LLC now owns 10,400 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 375 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

NYSE:NSA traded up $0.33 during trading hours on Monday, reaching $43.83. 259,421 shares of the company’s stock were exchanged, compared to its average volume of 785,702. The business’s 50-day simple moving average is $38.99 and its two-hundred day simple moving average is $37.97. The company has a market capitalization of $3.29 billion, a P/E ratio of 22.97 and a beta of 0.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $44.00.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The company had revenue of $196.15 million for the quarter, compared to analyst estimates of $191.70 million. During the same period in the prior year, the firm posted $0.66 EPS. The business’s revenue was down 5.7% compared to the same quarter last year. Sell-side analysts expect that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Friday, June 14th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

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.