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

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given an average rating of “Reduce” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.56.

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their price target 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 cut their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $38.61 on Tuesday. The stock’s fifty day moving average is $37.42 and its 200-day moving average is $42.04. 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 stock has a market capitalization of $2.94 billion, a PE ratio of 22.58 and a beta of 1.03. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth about $25,000. Versant Capital Management Inc raised its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth about $29,000. Finally, Quarry LP raised its position in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.