National Storage Affiliates Trust (NYSE:NSA) Price Target Increased to $40.00 by Analysts at Evercore ISI

National Storage Affiliates Trust (NYSE:NSA) had its price target lifted by Evercore ISI from $38.00 to $40.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

NSA has been the subject of several other reports. Truist Financial raised their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a hold rating in a research note on Friday, August 16th. Barclays raised their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an equal weight rating in a research report on Thursday, August 22nd. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company raised their price objective on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $39.94.

National Storage Affiliates Trust Trading Up 1.5 %

NSA opened at $46.75 on Wednesday. The stock has a market capitalization of $3.50 billion, a P/E ratio of 24.48 and a beta of 0.95. The company has a current ratio of 1.01, a quick 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 $46.84. The firm’s fifty day simple moving average is $43.03 and its 200 day simple moving average is $39.26.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.79%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger acquired 18,405 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $37.74 per share, with a total value of $694,604.70. Following the completion of the transaction, the director now directly owns 114,155 shares in the company, valued at approximately $4,308,209.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several large investors have recently modified their holdings of NSA. Northwestern Mutual Wealth Management Co. bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of National Storage Affiliates Trust during the second quarter worth approximately $39,000. Rothschild Investment LLC acquired a new position in shares of National Storage Affiliates Trust in the second quarter valued at approximately $59,000. Signaturefd LLC grew its position in shares of National Storage Affiliates Trust by 48.1% in the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of National Storage Affiliates Trust during the first quarter worth approximately $113,000. 99.97% of the stock is 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.