National Storage Affiliates Trust (NYSE:NSA) Receives $38.60 Average Price Target from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.6018.

Several brokerages recently weighed in on NSA. Barclays raised their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Citigroup increased their price objective on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. UBS Group raised their price objective on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors have recently bought and sold shares of NSA. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $32,000. UMB Bank n.a. lifted its stake in National Storage Affiliates Trust by 650.0% during the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the last quarter. Parallel Advisors LLC boosted its holdings in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 424 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in National Storage Affiliates Trust by 247.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,302 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

NSA stock opened at $43.41 on Tuesday. The business’s 50-day moving average is $44.29 and its two-hundred day moving average is $40.16. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $3.35 billion, a P/E ratio of 57.88 and a beta of 1.03. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st were issued a $0.0336 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.