National Storage Affiliates Trust (NYSE:NSA) Reaches New 1-Year High at $48.09

National Storage Affiliates Trust (NYSE:NSA) shares hit a new 52-week high during trading on Monday . The company traded as high as $48.09 and last traded at $47.88, with a volume of 21157 shares traded. The stock had previously closed at $47.66.

Wall Street Analyst Weigh In

NSA has been the topic of several recent analyst reports. Robert W. Baird lifted their target price 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. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Citigroup upped their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Finally, Truist Financial boosted their target price 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. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.94.

National Storage Affiliates Trust Stock Performance

The stock’s 50 day moving average is $44.21 and its two-hundred day moving average is $40.05. 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 firm has a market cap of $3.62 billion, a P/E ratio of 24.95 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. National Storage Affiliates Trust’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.39 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm 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 dividend of $0.56 per share. The ex-dividend date is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.63%. National Storage Affiliates Trust’s payout ratio is 117.28%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of National Storage Affiliates Trust during the second quarter worth about $33,000. Ashton Thomas Private Wealth LLC bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $39,000. Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $59,000. Signaturefd LLC increased 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 acquiring an additional 661 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in National Storage Affiliates Trust during the first quarter worth about $113,000. Institutional investors own 99.97% of the company’s stock.

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.