National Storage Affiliates Trust (NYSE:NSA) Rating Increased to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research report report published on Friday, Marketbeat reports. The brokerage currently has $38.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $40.00.

A number of other research analysts also recently commented on NSA. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Jefferies Financial Group lifted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company increased 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 note on Monday, October 21st. Finally, Evercore ISI lifted 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.56.

National Storage Affiliates Trust Price Performance

NYSE NSA opened at $36.57 on Friday. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The stock’s 50-day moving average price is $41.30 and its two-hundred day moving average price is $43.28. The company has a market cap of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.23%. National Storage Affiliates Trust’s payout ratio is 133.33%.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently bought and sold shares of NSA. Ashton Thomas Private Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $39,000. Choreo LLC boosted its position in shares of National Storage Affiliates Trust by 27.1% in 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 during the last quarter. Texas Permanent School Fund Corp grew its position in shares of National Storage Affiliates Trust by 29.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 86,852 shares of the real estate investment trust’s stock worth $3,580,000 after buying an additional 19,721 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in National Storage Affiliates Trust by 41.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 91,067 shares of the real estate investment trust’s stock valued at $3,754,000 after purchasing an additional 26,846 shares during the period. Finally, Edgestream Partners L.P. increased its stake in National Storage Affiliates Trust by 32.3% in the second quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust’s stock valued at $3,819,000 after purchasing an additional 22,639 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.